New video & music store & Internet café

Samwel

Nakuru, Kenya

60% repaid

Entrepreneur

Name

Samwel

Member since

August 2013

On-time repayments

371 installments  •  64%

About Me

My name is Samuel Kiarie a resident in Nakuru. I am an owner of a small Video and Music store and internet cafe located just outside the university where am currently in.I started this business for my up-keep while at the university and partly to pay my daily expenses and needs.I take this business as my main job to cater for my daily expenses.

My Business

Am engaged in a personal business where I own a video and music store and internet cafe .My main customers are students who prefer me because of my close proximity to them and also because am always updated with the new videos and music.the main challenge that am experiencing is lack of fund to expand the business to the next level.

Loan Proposal

I intend to use the loan to expand the business and open another branch/shop.
I have already identified location to put up the new shop and already done market analysis.
From the analysis, the market looks promising.
I also intend to diversify the services offered by introducing new products/services ie (photocopying and printing services, gaming store /play station and photography services).
I intend to use the funds received as a top up to the capital /reserves I have accumulated through the years .

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$247.00

Date disbursed

Apr 27, 2019

Repayment status

Late

Projected term

23 months

Lenders

Dave Bogard

New York, United States

Franmiguel

Perth, Australia

Laurie

United States

Paul Buchheit

Mountain View, United States

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