computer and photocopier purchase for cybercafe

Edmond

Webuye, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Edmond

Member since

February 2013

On-time repayments

80 installments • 68%

About Me

My name is Edmond Khisa Barasa,Im yet married,live in a family of eight.I live in Webuye sub-location in Webuye location in Webuye Division in Bungoma county.My business is to operating a cyber cafe.I'm a form four leaver.I started this business mainly to earn a living and to improve my life.I do purchase the following items from the earnings of my business:papers,pens,smart phones,cables,ear phones,lens,modems,multimedia speakers,mouse,internet,new computers,printing machine etc.Hope to open many cyber cafes in fast growing towns like Mtwapa and Malindi to improve my income.

My Business

My business is cyber cafe.This involves operating your internet connected computers for people to browse,this normally done in shops arranged with a good number of computers in a special room called cyber cafe.There is high demand of this business in that people daily need to communicate with their people either within or from abroad by mail or by Skype.The customers prefer to my business in that I'm a computer literate I help them in case they find some difficulties in there browsing sessions.The business is profitable because I buy monthly internet at ksh:6000 and by month-end I get ksh:45000/= when the cyber is busy,the risks that face my business are lack of fund to buy new/sophisticated programs and and the Kenya power rationing program,which sometimes leaves my cyber without power for a lengthy period of time.My typical monthly income is ksh:39000/= and my monthly expenses is ksh:21000/= ,my profit is therefore ksh:18000/= of which I can pay Zidisha loan without any problem. The business is currently doing very well currently. Ill never forget Zidisha for the support you have blessed me with.

Loan Proposal

This is a new Cyber ill be opening. Im waiting for a shop which ive already paid for to be vacated by the end of this month. It is an expensive shop because its strategic position is a place where is rare to get a shop. It was previously occupied by County Government of Kilifi and are still vacating.This is a project which iv actually invested in and i should be done by january on it. With this Loan, ill facilitate my time in buying this photocopier so that i can commence immediately because in also targeting my timeframe on the opening of schools time. Also there is a new school which is being finished to start january im eyeing its tender. The owner is close to me and ill be getting the tender. So im to work on this as soon as possible.

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About Me

My Business

Loan Proposal

With this loan, ill be purchasing a new Photocopier worth Ksh 60,000. This cash ill top up with the cash in getting from my current Cyber which was strengthened by zidisha from the first loan i was given and part of the second loan.
This is actually what i must buy as soon as possible as im scheduled to start it on January 2015 and iv already got a few tenders around the business place and some people's promise to work with me.