Entrepreneur
Name
Florence
Member since
August 2014
On-time repayments
324 installments • 69%
About Me
I was born and raised in Mombasa, currently staying in Bamburi. I started operating my cyber café in 2005 from my savings I obtained from working which I later decided to be independent and start the business. My business is in Bamburi. I decided to expand my business by introducing some stationery to increase my sales, but due to harsh economic times saving has become an issue.
I love cooking, dancing, going to the beach and attending Sunday service with my husband and son, which brings us joy and strength to face the new week. I will appreciate to get that loan so that I can buy a digital copier that can print, scan and copy. This will help increase our income to save more for our son and be financial stable.
My Business
I offer browsing and typing services, the demand is high since I operate near a number of schools, hospital and a church. They have two forms of payment cash and credit terms, by the end of the day, week or month I do not lack some money to pay rent and save. I am the only one in that area hence good and reliable market, I get a monthly turnover of $150. I am potentially able to pay my loan monthly installments and with the copier I will buy my sales will increase and hence stability to pay.
I offer standard and affordable charges this attracts more clients and i also cater for different clients, from individual walk in to corporate clients like schools that give me monthly large contracts to copy exams for them and churches that i print Sunday schedules on weekly basis.
My monthly cost is electricity, internet ans stationery for printing and my biggest risk is that i now print with the inkjet printer which is slower and results to less print outs per month and the cartridge is a bit costly and would really love get a laser printer that can be a 3-in-1 whereby i can print, scan and copy, at lower costs, more print outs and the toner is affordable.
Loan Proposal
I plan to buy a copier which is a 3-in-1, meaning print, scan and copy, this will benefit my business since i will be able to extend my services not only to cyber cafe services but to printing, scanning and copying. My business in near a couple of schools, church, hospital, police station and other businesses. This idea will increase my income generating scheme and hence make me have financial freedom and in-dependency. This will enable me save more as i help the society. When supported this will go to a noble course and in return upgrade my life status and my family life in general.This copier will enable me save more and later get a bigger, faster one that will produce more output effectively and efficiently.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$69.00
Date disbursed
Sep 4, 2014
Repayment status
On Time
Projected term
13 months
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