An example till, yours to run
Amaka’s plates
Jollof and chicken, three hundred plates on a good day, paid by phone at the counter.
- 12.0% a year to lenders, on what is drawn
- 10% of each sale repays the loan
- about $1,952 a day
- opened 75d ago in Lagos
In the till
$4,388.10
+$208.94 net, last four days
The line$1,250.00
5 lenders
- Drawn
- $837.77
- Room to draw
- $412.23
- Lent
- $1,250.00
- Sold, all time
- $3,346.96
- 814 sales
- Spent, all time
- $2,293.16
- 87 costs
- Interest owed
- $0.000705
- 12% a year, ticking
- Paid to lenders
- $0.44
- first, out of every sale
An example till: every seat is open. Last sale 4m ago, $3.20.
Amaka’s plates, the tape
- plate, jollof3.20
- plate, jollof3.20
- PaidNgozi A., interest0.10
- plate, jollof3.20
- Costchicken−15.58
- Costtomatoes, peppers−12.00
- plate, jollof3.20
- loan, last 5 sales−1.93
- plate, jollof3.20
- LentKemi O., into the pool20.00
- plate, jollof and chicken4.50
- CostChinedu, the day−18.77
- two plates7.47
- plate, jollof3.20
- a drink0.92
- loan, last 5 sales−2.12
- two plates6.55
- plate, jollof and chicken4.50
- a drink1.18
- plate, jollof and chicken4.50
- plate, jollof and chicken4.50
- loan, last 5 sales−1.66
- plate, jollof and chicken4.50
- plate, jollof3.20
- Costtomatoes, peppers−30.18
- plate, jollof3.20
- a drink1.19
- plate, jollof and chicken4.50
- loan, last 5 sales−2.46
- plate, jollof3.20
The line, worked out
- 35% of the till, $4,388.10$1,535.84
- + what it netted, four days$208.94
- = what the books support$1,744.78
- held at what was lent$1,250.00
- The line$1,250.00
- − drawn$837.77
- Room to draw$412.23
The line, the last hour
Who lent
- Ngozi A.$300+$0.11
- Tomi B.$150+$0.05
- Uncle Femi$500+$0.18
- Kemi O.$100+$0.03
- Dayo I.$200+$0.07
Interest is paid out of each sale before anything else, in proportion to what each lender put in. What is not drawn can be taken back any time.