Purchase two wireless network ip cameras

Mike

Mazabuka, Zambia

100% repaid

Entrepreneur

Name

Mike

Member since

February 2014

On-time repayments

181 installments  •  16%

About Me

I am a middle-aged Businessman running two Internet Cafes in Mazabuka and Monze. I also own two complete houses in one town and city.
I am married to a Degree Holder with a job and we have two children. I am a distinction student, hard worker and self believer. I am also a Community participator.
Mazabuka is a small Sugar Growing town, surrounded by serious Diary and Crop Farmers both commercial and subsistence farmers. The town has a Nickel Mine 70kms away.

My Business

The Business (Noriasys Ltd) was established in 2008 and we are continuing to grow it organically without taking too much risks. As already mentioned, we operate Makwembo Internet Cafe in two locations and a small subsistence farm for general agriculture. We employ FIVE people on a permanent basis. We plan to continue growing our businesses within our means while enjoying life. We are very particular on how the surrounding communities in which we do our business benefit from our presence. Our current turnover is just around US$25,000=00 and slowly growing.
My pastime is spent mostly at the LIONS Club and playing social Golf with a lot of reading for my Business Management degree.

Loan Proposal

PURCHASE TWO Wi-fi IP network cameras to help me monitor Shop Activity at two of my remote shop locations. The cameras COST US$70=00 each, US$140=00 TOTAL purchase price.
This will introduce SAVINGS ON TRANSPORT COSTS AND REDUCE ON REVENUE LINKAGE due to unaccounted sale activities.
This alone should save me between 5% - 10% in lost revenue.
It will also improve SITE SECURITY as it will serve as a deterrent from would be criminals, reduce on disputed sales and help with correct recovery of Customer materials that might have been left in error. This will result in an improved quality of Customer Service and hence improve my revenue generation between 3% - 5% per month or between US$100 - US$150 per month.

Feedback

6

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Loan Info

Project Type

Classic Loan

Disbursed amount

$95.00

Date disbursed

Apr 3, 2015

Repayment status

On Time

Projected term

7 weeks

Lenders

Svenip

Vienna, Austria

H

howard

Vence, France

xtrahardware

Cazenovia, United States

dlpringle

Denver, United States

B

Bernhard

Baden - Baden, Germany

P

PC

United States

Family Mueller

Petershagen, Germany

MW

Matt Willis

United States

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Summary

Amount repaid

$94.13

Amount remaining

$0.00

Date repaid

May 22, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Apr 12, 2015 $13.38 Apr 10, 2015 $13.38
Apr 19, 2015 $13.38 Apr 17, 2015 $13.38
Apr 26, 2015 $13.38 Apr 24, 2015 $13.38
May 3, 2015 $13.38 May 2, 2015 $13.38
May 10, 2015 $13.38 May 8, 2015 $13.38
May 17, 2015 $13.38 May 17, 2015 $13.38
May 24, 2015 $13.88 May 22, 2015 $13.88

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