Jeremiah
Kyatune Market, Kyatune Location, Kenya
54% repaid
Name
Jeremiah
Member since
May 2014
On-time repayments
61 installments • 10%
My Name is Jeremiah Mukala. Am 30 years old and a father of two.
I Live in Kyatune Market of Mutomo District in Kitui County
I have just started a small cyber in town so that's where i get my daily income.
I have a diploma in IT from Computer for schools kenya.
I started my business because after finishing my diploma i was employed in a cyber cafe and i saw how much money they were making and decided to save up and start mine also.
I purchase small things like antivirus or disks, every month for the computers that i have in my cyber which has about five computers only.
I live to swim and also read novels.
I have a cyber cafe where people come to browse and also other things like typing or doing their online jobs.
There is demand for my services at the cyber since my cyber is inside a building that does not have any other cyber so many people come to browse here and plus its also competitive priced since i charge less than USD 0.034482 a minute.
Its profitable because the running costs are low since we use like USD 11.494 for rent and USD 34.482 for other ex[enses( updating soft wares, repairing and maintenance) and get a profit of
USD 91.954.
I want a loan so that i can be able to buy more computers so as to accomodate many people than i can right now since i have little computers.
The risk i face is when the clients end up removing some items from the computer then i end up purchasing them again like anti-virus.
Once given this loan, i will add to my savings and purchase a printer that i will use to print photos and passports. this will in turn lead to increase in sales. I will also employ someone to help me in running the business thus creating employment. I will also add some stationery from the sales i will make. This will make the community members not to travel far in search of Writing materials as there is no other bookshop in the area. I will also add up savings to buy a router to help me in internet connections as i have been using a safaricom modem which is proving to be expensive in terms of data usage
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$51.00
Date disbursed
Jul 10, 2014
Repayment status
Late
Projected term
14 months
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