John
Kakamega, Kenya
100% repaid
Name
John
Member since
January 2015
On-time repayments
122 installments • 25%
I was born into a family of 10 siblings.My father was a farmer and my mother was a housewife.We grew up in rural Western Kenya and our parents who were farmers did their best to educate us with proceeds from the farm which we sold as children at the market.School was about 30 kilometres away and we walked daily to school unless we had fees arrears,then we would look for menial chores to do in order to raise the fee balances that we owed the school.My parents worked hard and got each of us through primary and secondary schools and i eventually started out selling second hand clothes for close to 5 years after my secondary education.In secondary i passed and got to make it to college.My earnings from selling the second hand clothes on different markets helped me pay for my own college tuition and i eventually studied computer studies and a certificate in library sciences.It was a dream come true but i continued working day by day selling the second hand clothes on various markets in Western Kenya. I had a stint selling boiled eggs which also made me a handsome profit,which i saved and helped to educate my younger brothers and sisters.I opened a computer shop 10 years ago with one computer,a computer shop cum typing bureau which has been successful and has earned me some income,but i would like to expand this humble investment to meet today's demands.I would like to explore additional ways of earning income in the fat developing world using new tech advances.I have two lovely children whom i love and whom i am now able to pay for their fees,and i would like to expand my business in order to help them achieve their dream.In my community women are looked down upon but i have proved many wrong with the achievements i have made.I have my sights set on bigger things for me and my children
I own a small one room computer shop cum typing bureau in lurambi Kakamega couunty near the Masinde muliro university university has over 30,000 students and this population is targetable businesswise.Students look for ways and means to have their study papers,proposals and even thesis' typed by experienced typists and computer bureaus.Since i have polished my skills with the necessary knowledge i have an increasing number of clients,especially the student population and lecturers,most of whom know little about computer packages and prefer giving the work to someone else. I pay 3000 kshs (30$) for rent and 4$ for electricity per month.I make an average of 100$ a month from typing and thesis binding work in a month.I have not employed anyone but do this work myself.It is my vision to increase my equipments to assist in my work
I would like to purchase a laminating machine for my computer shop and to add some printing paper in it too. A laminating machine costs approximately 60$ but I have paid halfway for one and will buy it at 30 $.
I will also use 20$ to buy plain photocopy and printing paper. I have been having a printer and will add another one later on in the year. However, the current demand of students needs at least an additional 20$ of plain paper, approximately 5 rims of 500 A4 sheets in each rim. That’s 2500 A4 plain papers.
This should meet the demand.
I will buy a hardy stapler and a binding machine that costs 33$ and add stationery such as pens, blank CDs and plastic bag folders which are common with the university students. These additions should make me a good profit.
When I type and print on plain paper I usually charge 30 Kshs per paper I print, that’s approximately 30US cents per page. So for 2500 plain A$ papers I should be able to make a profit of around 5,000 kshs (55$) per week.
I will bind proposals at 10$ per 100 to 200 page proposal.
This should enable me pay the loan and safely reinvest my proceeds in the computer shop, eventually being able to purchase an additional computer with the increased proceeds.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 9, 2015
Repayment status
On Time
Projected term
10 months
Other loans
Amount repaid
$110.11
Amount remaining
$0.00
Date repaid
Nov 28, 2015
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Feb 22, 2015 | $2.03 | Feb 22, 2015 | $2.03 |
Mar 1, 2015 | $2.03 | Feb 22, 2015 | $0.19 |
Mar 1, 2015 | $1.84 | ||
Mar 8, 2015 | $2.03 | Mar 1, 2015 | $0.13 |
Mar 16, 2015 | $1.90 | ||
Mar 15, 2015 | $2.03 | Mar 16, 2015 | $2.03 |
Mar 22, 2015 | $2.03 | Mar 16, 2015 | $0.84 |
Mar 22, 2015 | $1.19 | ||
Mar 29, 2015 | $2.03 | Mar 22, 2015 | $2.03 |
Apr 5, 2015 | $2.03 | Mar 22, 2015 | $0.11 |
Apr 13, 2015 | $1.92 | ||
Apr 12, 2015 | $2.03 | Apr 13, 2015 | $2.03 |
Apr 19, 2015 | $2.03 | Apr 13, 2015 | $0.49 |
Apr 30, 2015 | $1.54 | ||
Apr 26, 2015 | $2.03 | Apr 30, 2015 | $2.03 |
May 3, 2015 | $2.03 | Apr 30, 2015 | $0.87 |
May 5, 2015 | $1.17 | ||
May 10, 2015 | $1.06 | May 5, 2015 | $1.06 |
May 17, 2015 | $5.56 | Jun 20, 2015 | $5.56 |
May 24, 2015 | $5.56 | Jun 20, 2015 | $5.56 |
May 31, 2015 | $0.00 | ||
Jun 7, 2015 | $0.00 | ||
Jun 14, 2015 | $0.00 | ||
Jun 21, 2015 | $2.78 | Sep 14, 2015 | $2.78 |
Jun 28, 2015 | $2.78 | Sep 14, 2015 | $0.89 |
Sep 22, 2015 | $1.89 | ||
Jul 5, 2015 | $2.78 | Sep 22, 2015 | $2.78 |
Jul 12, 2015 | $2.78 | Sep 22, 2015 | $2.78 |
Jul 19, 2015 | $2.78 | Sep 22, 2015 | $2.78 |
Jul 26, 2015 | $2.78 | Sep 22, 2015 | $2.78 |
Aug 2, 2015 | $2.78 | Sep 22, 2015 | $0.22 |
Sep 29, 2015 | $2.56 | ||
Aug 9, 2015 | $2.78 | Sep 29, 2015 | $2.78 |
Aug 16, 2015 | $2.78 | Sep 29, 2015 | $1.33 |
Oct 25, 2015 | $1.44 | ||
Aug 23, 2015 | $2.78 | Oct 25, 2015 | $2.78 |
Aug 30, 2015 | $2.78 | Oct 25, 2015 | $2.78 |
Sep 6, 2015 | $2.78 | Oct 25, 2015 | $2.78 |
Sep 13, 2015 | $2.78 | Oct 25, 2015 | $2.78 |
Sep 20, 2015 | $2.78 | Oct 25, 2015 | $2.78 |
Sep 27, 2015 | $2.78 | Oct 25, 2015 | $2.78 |
Oct 4, 2015 | $2.78 | Oct 25, 2015 | $2.78 |
Oct 11, 2015 | $2.78 | Oct 25, 2015 | $1.33 |
Nov 1, 2015 | $1.44 | ||
Oct 18, 2015 | $2.78 | Nov 1, 2015 | $2.78 |
Oct 25, 2015 | $2.78 | Nov 1, 2015 | $2.78 |
Nov 1, 2015 | $2.78 | Nov 1, 2015 | $2.17 |
Nov 28, 2015 | $0.61 | ||
Nov 8, 2015 | $2.78 | Nov 28, 2015 | $2.78 |
Nov 15, 2015 | $2.78 | Nov 28, 2015 | $2.78 |
Nov 22, 2015 | $2.78 | Nov 28, 2015 | $2.78 |
Nov 29, 2015 | $2.78 | Nov 28, 2015 | $2.78 |
Dec 6, 2015 | $2.78 | Nov 28, 2015 | $2.78 |
Dec 13, 2015 | $2.78 | Nov 28, 2015 | $2.78 |
Dec 20, 2015 | $3.36 | Nov 28, 2015 | $3.36 |
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