Two more computers of 400 gb to be added

Michael Kenga

Kibarani,kilifi County, Kenya

100% repaid

Entrepreneur

Name

Michael Kenga

Member since

October 2012

On-time repayments

192 installments  •  79%

About Me

I am a young parent of two year baby girl, I hold a diploma in computer engineering I started this cyber shop after realizing that it would work proper and cater for my life expenditure for my wife and the baby plus two kids a boy and a girl whose mother passed away in the year two thousand and nine who was my dear sister and left a will that I should take care of them as she is the one who catered for my education from primary level up to college. And as in the area there was no cyber shop.It is profitable as I make more than a thousand a day only from the cyber and around two thousand shillings a day from the electrical goods that I sell hence making a net profit of two thousand a day.

My Business

I run an electrical shop plus a cyber cafe under one roof.The demand is high because all most of the Pwani university students use my shop as it is the nearest cyber shop. I do not hire anybody to service the machines as I do it by myself.I normally make more than five hundred shillings as net profit a day. And one thousand shillings as net profit a day from the electronics.Given a loan I would add an 80 GB CPU machine for efficiency and speed and to enable accommodate more than eight people,hence more profit .And I would be in a position to cater smoothly for my two orphans who are in school.I have been assisting zidisha clients in my cyber at a low costs or free of charge.

Loan Proposal

LET ME TAKE THIS OPPORTUNITY TO THANK ALL MY LOAN SPONSORS, YOU DID A WONDERFUL JOB AND YOU DESERVE CREDIT. MINE IS TO PRAY FOR YOU AND YOUR FAMILIES TO KEEP YOU SAFE AND SERVE MORE OTHERS LIKE ME.
I ALSO TAKE THIS OPPORTUNITY TO THANK MY DEAR WIFE CHARITY FOR THE TIRELESS EFFORT SHE HAD TOWARDS REPAYING THIS LOAN. OUR CYBER BUSINESS IS DOING FINE AND THAT’S HAS ENHANCED THE GOOD REPAYMENT THAT I HAVE DONE.
I JUST WANTED TO NOTIFY YOU THAT I WILL SOON APPLY FOR ANOTHER ONE AND PLEASE DO NOT HESITATE TO FUND ME ONCE AGAIN AS I HAVE SHOWN THE ABILITY TO MAKE MY REPAYMENTS ON TIME.
MAY THE GOD OF MERCY ,KEEP YOU SAFE AS YOU WAIT FOR MY ANOTHER LOAN TO FUND.
THANK YOU.
KARIBU ( WELCOME)

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$487.70

Date disbursed

Aug 25, 2014

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Lender interest: $487.70 at 9.37% annual rate over 3 months = $12.30

Service fee: $4.69

Lenders

S

slevon

Hemsbach, Germany

AdamP

Sunnyvale, United States

G

guenter

Bremen, Germany

EmilAsker

Lomma, Sweden

J

Jaslogic

Castle Rock, United States

kickerofelves

Sao Paulo, Brazil

ads68

Melbourne, Australia

Longhorn

Austin, United States

Sarasota

Sarasota, Fl, United States

Matching Fund

Sterling, United States

Vesa

Helsinki, Finland

W

wesbh89

United States

E

enigmatic

United Kingdom

J

JessicaAna

Maputo, United States

ToddTho

World Wide, United States

LutianaPablo

Rome, Italy

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