Entrepreneur
Name
Salim
Member since
September 2016
On-time repayments
34 installments • 79%
About Me
I was born on 12th may in 1991 in a village called miwani. I'm a first born of mr John olele and Mrs Margaret wanja. I started my primary education at mazeras primary school between the year1998-2005 then i went to mazeras youth polytechnic between the year 2006-2007. Then i started working at in royal swift yard as a day worker for a year then i got a capital to start my own video cafe. Here at mazeras people like growing maize and sweet potatoes and coconut trees. My son wants to a teacher when he grow up. I like watching movies.
My Business
I run a video cafe for entertainment. People in this town like watching movies on their free time. I choose this kind of business because many people here like this kind of entertainment it has no disturbance and it has a good profit. My typical cost is permit 4,000 KES per electricity bill 2,000 KES per month and 350 KES for hiring movies per day. I used the profit for home improvement and paying school fees.
Loan Proposal
I will buy a new and durable DVD player for my video cafe at 500$. It will increase the life of my dvd player because for now i have only one dvd player so if i get another new one i will use them one at a time. Also my customers will more enjoy. It will also increase my profit because i will extend ours of working. I expect my profit to increase for 300 KES per day.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$22.00
Date disbursed
Sep 21, 2016
Repayment status
On Time
Projected term
2 months
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