Entrepreneur
Name
Solomon
Member since
June 2015
On-time repayments
184 installments • 33%
About Me
I was born and brought up in Makueni,one of the dry places in Kenya, in 1991,went to day school primary, secondary school and currently at the university of Nairobi in my 4th year. since my childhood i had interest in business and after high school i started a unisex kinyozi in the nearest market centre. I later moved to university,opened up to new business ideas which i however could not venture into due to limited capital. In my third year i teamed up with one of my friend and started a cyber cafe which also is not up to the standards we had in mind due to inadequate capital.
My Business
I provide Internet services in my business. The business is near a school hence most of my customers are students who need Internet to do research and also for recreation. I chose to venture into this type of business since there was ready customers and i had interest in it . However, i plan to expand the business include printing and photocopying services as well . The net income for the business per month ranges between ksh 10000 to ksh 15000 and i use it sustain myself in school and some goes back to the business.
Loan Proposal
Thank you for the opportunity you have given me. I intend to use this loan to purchase a small colour printer which will cost about 45 US dollars. Also i will buy some printing materials which will cost an average of 15 US dollars. This will help help increase my profit through offering an extra service.Also my clients will be able to do their work under one roof instead of moving from one point to another looking for the printing services.
This will help me realize an increase of profit by 30% monthly.
Feedback
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jul 7, 2015
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
United States
Summary
Amount repaid
$104.49
Amount remaining
$0.00
Date repaid
Nov 29, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jul 19, 2015 | $5.15 | Jul 18, 2015 | $5.15 |
| Jul 26, 2015 | $5.15 | Jul 26, 2015 | $5.15 |
| Aug 2, 2015 | $5.15 | Aug 2, 2015 | $5.15 |
| Aug 9, 2015 | $5.15 | Aug 9, 2015 | $5.15 |
| Aug 16, 2015 | $5.15 | Aug 9, 2015 | $5.15 |
| Aug 23, 2015 | $5.15 | Aug 24, 2015 | $5.15 |
| Aug 30, 2015 | $5.15 | Aug 31, 2015 | $5.15 |
| Sep 6, 2015 | $5.15 | Sep 12, 2015 | $5.15 |
| Sep 13, 2015 | $5.15 | Sep 22, 2015 | $5.15 |
| Sep 20, 2015 | $5.15 | Sep 27, 2015 | $5.15 |
| Sep 27, 2015 | $5.15 | Sep 27, 2015 | $5.15 |
| Oct 4, 2015 | $5.15 | Sep 27, 2015 | $5.15 |
| Oct 11, 2015 | $5.15 | Sep 27, 2015 | $5.15 |
| Oct 18, 2015 | $0.00 | ||
| Oct 25, 2015 | $2.06 | Oct 25, 2015 | $2.06 |
| Nov 1, 2015 | $2.06 | Oct 25, 2015 | $2.06 |
| Nov 8, 2015 | $2.06 | Nov 15, 2015 | $2.06 |
| Nov 15, 2015 | $2.06 | Nov 22, 2015 | $2.06 |
| Nov 22, 2015 | $2.06 | Nov 22, 2015 | $2.06 |
| Nov 29, 2015 | $27.18 | Nov 29, 2015 | $27.18 |
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