Entrepreneur
Name
Mike
Member since
February 2014
On-time repayments
181 installments • 16%
About Me
I am a middle-aged Businessman running two Internet Cafes in Mazabuka and Monze. I also own two complete houses in one town and city.
I am married to a Degree Holder with a job and we have two children. I am a distinction student, hard worker and self believer. I am also a Community participator.
Mazabuka is a small Sugar Growing town, surrounded by serious Diary and Crop Farmers both commercial and subsistence farmers. The town has a Nickel Mine 70kms away.
My Business
The Business (Noriasys Ltd) was established in 2008 and we are continuing to grow it organically without taking too much risks. As already mentioned, we operate Makwembo Internet Cafe in two locations and a small subsistence farm for general agriculture. We employ FIVE people on a permanent basis. We plan to continue growing our businesses within our means while enjoying life. We are very particular on how the surrounding communities in which we do our business benefit from our presence. Our current turnover is just around US$25,000=00 and slowly growing.
My pastime is spent mostly at the LIONS Club and playing social Golf with a lot of reading for my Business Management degree.
Loan Proposal
PURCHASE TWO Wi-fi IP network cameras to help me monitor Shop Activity at two of my remote shop locations. The cameras COST US$70=00 each, US$140=00 TOTAL purchase price.
This will introduce SAVINGS ON TRANSPORT COSTS AND REDUCE ON REVENUE LINKAGE due to unaccounted sale activities.
This alone should save me between 5% - 10% in lost revenue.
It will also improve SITE SECURITY as it will serve as a deterrent from would be criminals, reduce on disputed sales and help with correct recovery of Customer materials that might have been left in error. This will result in an improved quality of Customer Service and hence improve my revenue generation between 3% - 5% per month or between US$100 - US$150 per month.
Feedback
Positive
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$95.00
Date disbursed
Apr 3, 2015
Repayment status
On Time
Projected term
7 weeks
Other loans
Lenders
United States
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