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 78d ago in Lagos
In the till
$4,226.21
+$678.41 net, last four days
The line$1,250.00
5 lenders
- Drawn
- $828.77
- Room to draw
- $421.23
- Lent
- $1,250.00
- Sold, all time
- $3,324.20
- 806 sales
- Spent, all time
- $2,391.16
- 95 costs
- Interest owed
- $0.000262
- 12% a year, ticking
- Paid to lenders
- $0.45
- first, out of every sale
An example till: every seat is open. Last sale 1m ago, $1.20.
Amaka’s plates, the tape
- a drink1.20
- loan, last 5 sales−2.22
- plate, jollof and chicken4.50
- plate, jollof and chicken4.50
- PaidNgozi A., interest0.11
- plate, jollof3.20
- a drink1.09
- two plates8.88
- Costtomatoes, peppers−12.00
- loan, last 5 sales−1.53
- a drink1.07
- LentKemi O., into the pool20.00
- two plates7.45
- a drink1.14
- a drink1.17
- plate, jollof and chicken4.50
- loan, last 5 sales−2.20
- plate, jollof3.20
- a drink1.11
- Costgas refill−14.94
- two plates8.66
- plate, jollof and chicken4.50
- plate, jollof and chicken4.50
- loan, last 5 sales−1.41
- plate, jollof and chicken4.50
- Costtomatoes, peppers−32.27
- a drink0.87
- plate, jollof3.20
- plate, jollof and chicken4.50
- a drink1.00
The line, worked out
- 35% of the till, $4,226.21$1,479.17
- + what it netted, four days$678.41
- = what the books support$2,157.58
- held at what was lent$1,250.00
- The line$1,250.00
- − drawn$828.77
- Room to draw$421.23
The line, the last hour
Who lent
- Ngozi A.$300+$0.11
- Tomi B.$150+$0.06
- 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.