Purchase of storage drives

John

Nairobi, Kenya

100% repaid

Entrepreneur

Name

John

Member since

February 2019

On-time repayments

20 installments  •  45%

About Me

My name is John. Was born in Nairobi. I couldn't say much about my childhood because it is rather average. I went through normal schooling from pre school to high-school. I managed to excel in high school and currently I am at Kenyatta University medical school in my third year.

My Business

I decided to venture into business for some extra cash. I run a cyber cafe near school which I make approximately $1000 a week, half of it about $500 goes to expenses.

Loan Proposal

I have realized that due to the increased number of students engaging in internet learning the number of visits in the cyber cafe has gradually increased ,this has put pressure on the existing storage hard drives as they get filled up faster than expected. I plan to use the additional funds to acquire new and larger storage devices so as to accommodate the increased number of customers.

Income Source

It has come to my realization that people have been forced to engage in wireless communication and interactions to perform day to day activities. So as to keep my business afloat in this trying times, I plan to also offer services that include familiarizing my customers on the suitable methods and applications to use in order to enable them keep up with the trend. This will include selling and installation of softwares that will enable them interact wirelessly. In the process I would have increased my business scope and also gained my customers' trust hence more income.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$6.00

Date disbursed

Feb 26, 2021

Repayment status

On Time

Projected term

3 weeks

Lenders

Paul Buchheit

Mountain View, United States

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