Loan for school to provide short computer lessons

Jailos Mwelwa

Mazabuka, Zambia

100% repaid

Entrepreneur

Name

Jailos Mwelwa

Member since

August 2016

On-time repayments

231 installments  •  72%

About Me

i grew up to the age of 16years at the farm,the only thing i remember about my childhood is that i loved swimming and go hunting.I was raised by my grand parents,I completed my secondary education in 2008 I never had a chance to go to college because no one could pay for my fees.i started my small business in 2012 I raised the capital by working at a petrol station.i started with 1 computer where i used to do my graphic designing but now i have 4 computers and i have an internet connection for people to browse the internet

My Business

My business comprises of photocopying, printing and Internet Cafe,graphic designing,photo printing.
these service are important because am located in CBD and they are alot of goverment offices which need documentation and printing of office documents.
i chose this kind of business because i had a little capital and i needed only invest once
so the computer i bought was the capital asset.
my monthly costs include rent for the premises,salary for my employee and other utility bills. the profit from my business I invest it in my education to pay for tution fees,examinations and yearly subscription.

Loan Proposal

With this loan I will purchase 3 second hand desktops and 3 second hand office chairs, the remaining balance will be used to maintain the physical environment of the office.
The total cost is as follows.

3x desktops @ $195 each =$585
3x office chairs @ $50 each =$150
painting and labour cost =$75
Total expense will be $810

Feedback

2

None

None

  • Treesforpeople    Nov 23, 2018

    Jailos fully repaid the loan, and I would be happy to lend to him again.

    Well done for bringing the internet to people in your community Jailos!

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Loan Info

Project Type

Classic Loan

Disbursed amount

$831.52

Date disbursed

Aug 19, 2018

Repayment status

On Time

Projected term

20 months

Cost to entrepreneur

Service fee: $23.96

Credit risk payment: $119.79

Lenders

S

Sinclair55

Burlington, Canada

Cloudways

Malta, Malta

ads68

Melbourne, Australia

G

glh25

Winooski, United States

M

miriamg

Toronto, Canada

GuillaumeTeissier

Montréal, Canada

larry

Sweden

SuperMario28

Cudahy, United States

AKWatson3

Norwalk, United States

Mike and Jacqui

United Kingdom

E

Erich

Zurich, Switzerland

LJ

United States

L

linda

United States

Isabella

UK, United Kingdom

Thomas

Sweden, Sweden

Stephan W

Witten, Germany

Ed

Howells, United States

Ren

Minneapolis/StPaul, United States

Vratik Krocik

Prague, Czech Republic

Tilman Schweitzer

Mainz, Germany

Jean Wren Chan

United States

JH

Joseph Hwang

Houston, United States

A

Anonymous

United States

Theo

Zürich, Switzerland

KP

Keith Penrod

United States

J

JB

Germany

Elizabeth

Australia

R

Richard

United Kingdom

Outi

Finland

M

marjorie

Netherlands

Cambium Foundation

Kirkland, United States

Amanda Strombeck

United States

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