Additional purchase for my cybercafe shop

Emaculate

Nyamira, Kenya

47% repaid

Entrepreneur

Name

Emaculate

Member since

May 2017

On-time repayments

58 installments  •  83%

About Me

I started my primary education 1999-2008 then joined in secondary school in 2009-2012 then later trained Diploma information technology 2013-2015
since there was no employment i started my business. I am single mother and there are so many challenges am facing more so taking care of my kid who demands a lot from me, paying for my rents that is business premise and my house where i life. Food is also a challenge . I had to start the business because i couldn't able to feed myself and the kid or survive without money. I borrowed my friends some starting capital which helped me to start the cyber services. Our place is full of Bananas and every household has at least a banana and we are called banana land. We also have tea plantations and avocados are plenty.

My Business

-My income comes from my cyber cafe where by i offer cyber services like photocopying ,photo printing internet services lamination and scanning
-My business is situated near by a bank and National Hospital Insurance Fund where by I capture many customers when they need such services
Part of the money i use to pay school fees for my last born sister in school and a have a son who is turning 3 years come next year where I will also be paying for him schools fees and books , uniforms, shoes as he will be joining school, I use the money to pay my pay rents and utilities . The remaining profits i used it to improve my business. My business now makes sales of 100-200 dollars per month and profit of 40-100 dollars depends on demand of my services

Loan Proposal

Everyday there is demand for a new product and service to my business thus to satisfy my clients i need to make more purchases to cater for their demand and that is why i need the loan.
I will use the loan to purchase the following
1. Purchase of photo printing 5 boxes @ 1.5 =7.5 dollars
2. Purchase of photocopying papers 2 boxes @20 dollars = 40 dollars
3. Sorted Pens and pencils @ 10 dollars
4. Laminating films @ 7.5 dollars
5. Envelopes @ 3 dollars
From the above purchases my profit will grow from 2 dollars to 3 dollars per day thus expecting 30 dollars increase per month. This will enable to increase more stock, pay my utilities and take care of my son's needs. Thank you my lenders

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$58.00

Date disbursed

May 31, 2018

Repayment status

Late

Projected term

2 months

Lenders

Cloudways

Malta, Malta

V

Vidar

Oslo, Norway

Paul Buchheit

Mountain View, United States

CN

Craig Newmark

United States

P

Paul

Germany

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Summary

Amount repaid

$27.59

Amount remaining

$30.62

Expected completion

Aug 5, 2018

Status

Repaying late

Installment amount

$6.90

Repayment History

Expected Payments Actual Payments
Jun 10, 2018 $6.90 Jun 10, 2018 $0.99
Jun 10, 2018 $0.99
Jun 10, 2018 $0.99
Jun 10, 2018 $0.99
Jun 10, 2018 $0.99
Jun 10, 2018 $0.99
Jun 10, 2018 $0.99
Jun 17, 2018 $6.90 Jun 18, 2018 $0.99
Jun 18, 2018 $0.99
Jun 18, 2018 $0.99
Jun 18, 2018 $0.99
Jun 18, 2018 $0.99
Jun 18, 2018 $0.99
Jun 18, 2018 $0.99
Jun 24, 2018 $6.90 Jun 26, 2018 $0.99
Jun 26, 2018 $0.99
Jun 26, 2018 $0.99
Jun 26, 2018 $0.99
Jun 26, 2018 $0.99
Jun 26, 2018 $0.99
Jun 26, 2018 $0.99
Jul 1, 2018 $6.90 Jul 3, 2018 $0.99
Jul 3, 2018 $0.99
Jul 3, 2018 $0.99
Jul 3, 2018 $0.99
Jul 3, 2018 $0.99
Jul 3, 2018 $0.99
Jul 3, 2018 $0.99
Jul 8, 2018 $6.90
Jul 15, 2018 $6.90
Jul 22, 2018 $6.90
Jul 29, 2018 $6.90
Aug 5, 2018 $3.03

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