Upgrade my cybercafe

Dorine Auma

Busia, Kenya

4% repaid

Entrepreneur

Name

Dorine Auma

Member since

December 2013

On-time repayments

349 installments  •  14%

About Me

Am Dorine Auma Buluma,23 years of age.Born and raised in Busia county,work and live Busia town.I was was born in the family of six i being the second born.

I am holding diploma in ICT and self employed at my cyber cafe in Busia town.I started my business more than a year ago immediately after my college so that to keep myself busy and also i may earn a living before i could secure any kind of job in future.

My business has been doing too good the fact that Busia is a border of Kenya and Uganda so i have lots of customers who are using internet to clear their vehicle when they are crossing the border.

From the business i pay my own rent,feed myself and also support my family at home.

My Business

I run a small cyber cafe in Busia town.My business has five computers,printers and binding machine.The business is purely a sole proprietor of which i started with the capital from my savings and the soft loan i was given by my father.

I offer internet service,printing,typing,photocopying and binding.The demand is high the fact that Busia is situated in Kenya Uganda border so most of my customers are those who want to cross the border so i offer my service for them while they clear and forward their vehicles.

My business is profitable because i have so many customers so the more i serve the more i earn.The risk am facing is just lack of captal to expand my business.

My monthly cost is as follows KES 5000 rent,KES 3000 orange data bundles,KES 6000 and KES 5000 for other expences.Frofit ranges from KES 10000-20000 per month.The loan i will used to modify my business and its the business that will repay the loan.

Loan Proposal

Thank so much for your last supprt now i come again and humble before to fund me again.
First i am going to use $125 to buy power regulator so that all my machine can be safe with electricity fluctuation.Doing this i will not be in a loss like the past.
Sendly i will use $375 to buy epson colour printer.This will allow me to print pictures and pasports since we are heading December.Printing pasport pictures is very profitable hence i will increae my profit by 30%.
Then $125 i will use to buy hp photocopy machine since the one am using now is worn out and its giving me hardtime to operate.For this i will be able to photocopy county government job with no problem.I am expecting to increase my revenue by this loan and also improve my living standard.Thank you

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$596.01

Date disbursed

Nov 10, 2014

Repayment status

Late

Projected term

73 months

Cost to entrepreneur

Lender interest: $596.01 at 4.64% annual rate over 73 months = $166.92

Service fee: $131.45

Lenders

T

Tallago3

Munich, Germany

BrianHibbs

South Bend, United States

ElWal

Kirn, Germany

M

Mårten

Inden, Switzerland

ads68

Melbourne, Australia

joaoferraz

RINCHOA, Portugal

Stefano Bertolo

Luxembourg, Luxembourg

Atheist4good

United States

T

TodaRaba

Tacoma, United States

C

curtains4u

North Kansas City, United States

T

thebonseung

Republic of Korea

D

Daisy

Netherlands

M

mkrsko

Slovakia

S

sarah4d2

Saint Louis, United States

T

tehmle

United States

J

JF2014

United States

E

Ejackson

United States

organic

Portugal

S

Stephan

Netherlands

Alberto Cereser

Copenhagen, Denmark

M

Malte

Munich, Germany

MJ

Matt Jenkins

United Kingdom

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