Name
Wycliffe
Member since
October 2017
On-time repayments
12 installments • 50%
As a young innovative business person, I have faced a lot of financial challenges to start and grow my own business. I grew up in a poor background where school fees was a serious issue. After my education I had a another challenge of getting a job. As a result I started a small photography business with the little savings I had made while in campus. Through this I managed to do small savings from the income I receive and currently expanding it using the loan I receive from my lenders in Zidisha.
My photography business enabled me to purchase a computer. I have introduced internet and from this, I now a run a small cyber cafe where I offer computer classes apart from the normal browsing or research activities that people do in my cyber cafe.
My business generates approximately $5 daily through which I save half of the money for expansion of the business. I would like to use the loan to refurbish the room where I operate so that it looks more attractive to attract more clients.
The money I earn from this business I use to reinvest into the business. The business is currently generating up to $5 daily of which 50% I save for expansion of the business.
Invest the loan in my cyber cafe business. I am going to purchase more computers and expand the business.
A computer cost $250 each.
This will generate a profit of $50 per month.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$12.00
Date disbursed
Nov 1, 2017
Repayment status
On Time
Projected term
3 weeks
Other loans
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