Loan to repair computers for online freelancing business

Shadrack

Nairobi, Kenya

Funds disbursed

$0 to go

100% funded of $441 goal

0

days left

Entrepreneur

Name

Shadrack

Member since

July 2016

On-time repayments

92 installments  •  0%

About Me

Having come from a humble background family, I have a very simple persinality. Everything was fine until my father passed away in a road accident and that changed everything. My family started enduring hardships as my mother had no stable income. She was just a farmer. But she stayed strong and made sure we all went to school and put food on the table. As she was struggling with our school fees we had to cloth ourselves in our own side hustles at least to relieve her. I made it all the way to the University where I really understood the meaning of side hustling. I had to survive. With my helb money I managed to get a laptop and started doing some online writing work which though not consistent they really helped me at hard times. After some sacrifices and saving I managed to buy a mowing machine and this really changed everything as i could now get enough cash to sustain me at school. Somehow, i made it through. But now my machine is worn out, i need to repair it and probably add some more few then register my own company then embark on landscape maintenance work.

My Business

Currently i have two main sources of income : my online writing/freelancing job and my mowing machine and landscape maintenance. The former is currently in a low season but it will peak up from August as there will be a lot of work to do. At high season, freelancing can give me up to thirty thousands per month. My Landscape maintenance work can give me way more than that once i register my own company.

Loan Proposal

I will use the loan to repair my five computers (3 laptops and 2 desktops ) in preparation for the peak season of online writing. I will also buy additional accounts so as to get more work. This is because am planning to have something like an office at my home where i can assign people to complete the tasks and pay them thereafter. This will ensure efficiency and quality work and thus earn more trust from the employers and hence, more money. The loan will also take care of other bills such as subscription to an unlimited internet food and other expenses for my employees for the first month before i get my first payment. After saving enough from this work, then i can buy more mowing machines and register a landscape maintenance company then bid for more paying all over the city and expand to other places around the country. As a landscape Architect I will also do more Landscape design work as maintenance will create opportunities for me.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$441.00

Date disbursed

Jul 25, 2016

Repayment status

Late

Projected term

21 months

Lenders

The Zinc Team

San Francisco, United States

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Summary

Amount repaid

$0.00

Amount remaining

$463.05

Expected completion

May 6, 2018

Status

Repaying late

Installment amount

$5.04

Repayment History

Expected Payments Actual Payments
Aug 7, 2016 $5.04
Aug 14, 2016 $5.04
Aug 21, 2016 $5.04
Aug 28, 2016 $5.04
Sep 4, 2016 $5.04
Sep 11, 2016 $5.04
Sep 18, 2016 $5.04
Sep 25, 2016 $5.04
Oct 2, 2016 $5.04
Oct 9, 2016 $5.04
Oct 16, 2016 $5.04
Oct 23, 2016 $5.04
Oct 30, 2016 $5.04
Nov 6, 2016 $5.04
Nov 13, 2016 $5.04
Nov 20, 2016 $5.04
Nov 27, 2016 $5.04
Dec 4, 2016 $5.04
Dec 11, 2016 $5.04
Dec 18, 2016 $5.04
Dec 25, 2016 $5.04
Jan 1, 2017 $5.04
Jan 8, 2017 $5.04
Jan 15, 2017 $5.04
Jan 22, 2017 $5.04
Jan 29, 2017 $5.04
Feb 5, 2017 $5.04
Feb 12, 2017 $5.04
Feb 19, 2017 $5.04
Feb 26, 2017 $5.04
Mar 5, 2017 $5.04
Mar 12, 2017 $5.04
Mar 19, 2017 $5.04
Mar 26, 2017 $5.04
Apr 2, 2017 $5.04
Apr 9, 2017 $5.04
Apr 16, 2017 $5.04
Apr 23, 2017 $5.04
Apr 30, 2017 $5.04
May 7, 2017 $5.04
May 14, 2017 $5.04
May 21, 2017 $5.04
May 28, 2017 $5.04
Jun 4, 2017 $5.04
Jun 11, 2017 $5.04
Jun 18, 2017 $5.04
Jun 25, 2017 $5.04
Jul 2, 2017 $5.04
Jul 9, 2017 $5.04
Jul 16, 2017 $5.04
Jul 23, 2017 $5.04
Jul 30, 2017 $5.04
Aug 6, 2017 $5.04
Aug 13, 2017 $5.04
Aug 20, 2017 $5.04
Aug 27, 2017 $5.04
Sep 3, 2017 $5.04
Sep 10, 2017 $5.04
Sep 17, 2017 $5.04
Sep 24, 2017 $5.04
Oct 1, 2017 $5.04
Oct 8, 2017 $5.04
Oct 15, 2017 $5.04
Oct 22, 2017 $5.04
Oct 29, 2017 $5.04
Nov 5, 2017 $5.04
Nov 12, 2017 $5.04
Nov 19, 2017 $5.04
Nov 26, 2017 $5.04
Dec 3, 2017 $5.04
Dec 10, 2017 $5.04
Dec 17, 2017 $5.04
Dec 24, 2017 $5.04
Dec 31, 2017 $5.04
Jan 7, 2018 $5.04
Jan 14, 2018 $5.04
Jan 21, 2018 $5.04
Jan 28, 2018 $5.04
Feb 4, 2018 $5.04
Feb 11, 2018 $5.04
Feb 18, 2018 $5.04
Feb 25, 2018 $5.04
Mar 4, 2018 $5.04
Mar 11, 2018 $5.04
Mar 18, 2018 $5.04
Mar 25, 2018 $5.04
Apr 1, 2018 $5.04
Apr 8, 2018 $5.04
Apr 15, 2018 $5.04
Apr 22, 2018 $5.04
Apr 29, 2018 $5.04
May 6, 2018 $4.27

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