Kofi’s till
Kofi’s wash
A car wash under the flyover. Four boys, two hoses, cash by phone.
- 13.0% a year to lenders, on what is drawn
- 10% of each sale repays the loan
- about $1,206 a day
- opened 69d ago in Accra
In the till
$3,948.47
+$1,300.03 net, last four days
The line$560.00
4 lenders
- Drawn
- $334.73
- Room to draw
- $225.27
- Lent
- $560.00
- Sold, all time
- $3,351.83
- 441 sales
- Spent, all time
- $1,328.37
- 56 costs
- Interest owed
- $0.001813
- 13% a year, ticking
- Paid to lenders
- $0.26
- first, out of every sale
An example till: every seat is open. Last sale 22m ago, $6.00.
Kofi’s wash, the tape
- wash, SUV6.00
- loan, last 5 sales−4.12
- wash and wax14.77
- wash, saloon4.00
- Costthe boys, the day−17.78
- wash and wax12.45
- wash, SUV6.00
- wash, saloon4.00
- loan, last 5 sales−4.88
- wash, saloon4.00
- wash and wax14.30
- wash and wax13.66
- wash, saloon4.00
- wash and wax12.81
- loan, last 5 sales−5.07
- wash and wax14.07
- wash, saloon4.00
- wash and wax14.89
- wash, saloon4.00
- wash and wax13.74
- loan, last 5 sales−3.87
- wash, saloon4.00
- wash, saloon4.00
- wash and wax13.52
- wash and wax13.24
- wash, saloon4.00
- loan, last 5 sales−4.08
- wash, saloon4.00
- wash and wax12.61
- wash and wax12.19
- wash, SUV6.00
The line, worked out
- 35% of the till, $3,948.47$1,381.96
- + what it netted, four days$1,300.03
- = what the books support$2,681.99
- held at what was lent$560.00
- The line$560.00
- − drawn$334.73
- Room to draw$225.27
The line, the last hour: steady, held at what was lent
Who lent
- Ama D.$150+$0.07
- Kwame$100+$0.05
- Efua$220+$0.10
- Yaw B.$90+$0.04
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.