Entrepreneur
Name
Collins
Member since
June 2017
On-time repayments
15 installments • 20%
About Me
Am an ambitious young man from kenya looking to take my business and education to the next levels.I always did well in school.I qualified to get to college after completing secondary school two years ago but haven't done that yet due to financial constraints at home.I love computers hence want to pursue computer engineering.I have already started to learn coding online.I looked for a job and got one as a shopkeeper where I worked for an year.I saved enough money to start a printing business which took a lot of sacrifices.I bought a computer for $300, printer for $260and a camera for $80.I wish to expand my business by starting printing garments and selling stickers.I also believe am gifted in entrepreneurial skills unlike majority of youngmen around.
My Business
At my business I offer the following services: instant passports, photocopy, printing of school and work IDs and other printing services and internet services.I chose this business because this is an urban place(nyahururu) with a good number of people moving to offices looking for jobs and others seeking government services at the sub county headquarters here.All of these people will require photocopy and instant passport services.Am looking forward to adding garment printing and sticker selling services since there are no kind of businesses at my home town and the population here is youthful where the market is full of garments that are branded which are imported from the country's capital, Nairobi.The culture around here is branding public service vehicles and motorbikes with no one doing that any where near from big cities like Nakuru and Nyeri.I get around $500 a month use $4 for licence, $70 for business house rent, $150 for my upkeep (house rent inclusive), $50 to pay for internet and the rest support my family and also save some for re investing.
Loan Proposal
I'll buy garment printing machines for $ 600 which will help me increase the services I offer and help people around from travelling miles to get these services. By this increase in services I'll be offering I expect my profit to increase by around $500.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$8.00
Date disbursed
Jun 30, 2017
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
Summary
Amount repaid
$7.78
Amount remaining
$0.00
Date repaid
Jul 21, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jul 7, 2017 | $1.55 | Jul 7, 2017 | $1.55 |
| Jul 14, 2017 | $1.55 | Jul 14, 2017 | $1.55 |
| Jul 21, 2017 | $1.55 | Jul 19, 2017 | $1.55 |
| Jul 28, 2017 | $1.55 | Jul 21, 2017 | $1.55 |
| Aug 4, 2017 | $1.55 | Jul 21, 2017 | $1.55 |
| Aug 11, 2017 | $0.03 | Jul 21, 2017 | $0.03 |
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