A loan for 3 additional computers for my training courses

Mutiso Kimanthi

Kyamusivi/mbitini, Kenya

32% repaid

Entrepreneur

Name

Mutiso Kimanthi

Member since

May 2014

On-time repayments

131 installments  •  12%

About Me

My name is shadrach Mutiso Kimanthi born and raised in a rural village of Kenya called Mbitini. I am born in a family of two, me and my elder brother. I went to a day primary school, I joined a good county school known as Kabaa High school after that where I qualified to attend the university as a government sponsored student. There I undertook a course in Bsc, strategic management which I completed last year July.

I have gained financial literacy and skills through my work experience, first at National bank of Kenya as an intern and later after completion of campus I have worked with Faulu Kenya micro finance bank as a relationship officer in SME lending for five months.

I resigned from my first job after campus so that I could follow my dream: being self-employed and a job creator rather than a job seeker.

I love socializing with people and sharing ideas as well as giving motivational talks. While at campus I was a member of SIFE (students in free enterprise) where we would talk with the surrounding business community and give them ideas to improve their businesses. My life's dream is to create a strong business brand in the field of print and advertising as well as training.

My Business

I started my business during my first year at the university in 2009 with savings I made from a contract to conduct national census as an enumerator. I used this money to buy one second hand printer and a computer and used them to help students print their assignments at a fee.

From this venture I saved some more income and during the break I had accumulated enough and decided to open a printing shop in our local town. My business was set to go with one computer and a printer and out of good will combined with my skills in computer applications and designs I got a lot of clients. I have run my business with the help of one employee since then and it has grown from one computer to 10 computers, four printers and a photocopier. My work consists mainly of designs, printing, internet services, photocopy and other supporting services such as computer repairs. We also offer computer classes in basic computer applications.

My monthly income is $517 (from printing shop and students fee), my monthly expenses such as rent, electricity, commuter, wages, telephone and others are $275, leaving me a net profit after expenses of $517-$275 = $242

This amount will help me add more computers for training..

Loan Proposal

This loan will help me a lot in expanding my business in basic computer applications training courses. A second hand X-UK computer approximately costs around $150 in Kenya. As mentioned earlier I currently have 10 computers, adding more computers is necessary in anticipation as most clients will have completed their national examinations (Form 4).
By the beginning of November the demand for basic computer skills training will be high as most people need to acquire these skills before joining tertiary institutions. I would like to thank the Zidisha lenders in advance for helping me with this loan, it will really be appreciated.

Show original English  

About Me

My name is shadrach Mutiso Kimanthi born and raised in a rural village of kenya a place called Mbitini. I am born in a family of two me and my elder brother. I have schooled in a day primary school, joined a good county school known as Kabaa High school where I later qualified to join the university as a government sponsored student. There I undertook a course in Bsc. Strategic management which i completed last year July. I have gained financial literacy and skills through my work experience first at National bank of kenya as an intern and later after completion of campus I have worked with Faulu kenya micro finance bank as a relationship officer in SME lending for five months. i resigned from my first job after campus so that i can follow my dream; that of being my self employer and a job creator rather than a job seeker. i love socializing with people and sharing ideas as well as giving motivational talks. while at campus I was a member of SIFE (students in free enterprise) where we would talk with the surrounding business community and give them ideas to improve on their businesses. my life's dream is to create a strong business brand in the field of print and advertising as well as training.

My Business

I started my business while a first year at the university in 2009 from savings I had made from a contract to conduct national census as an enumerator. i used this to buy one second hand printer and a computer. during my first year i could use it to help students print their assignments at a fee. from this venture i saved some more income and during the break i had accumulated enough and decided to open a printing shop in our local town. my business was set to go with one computer and a printer and out of good will combined with my skills in computer applications and designs I got a lot of clients. I have managed the business with the help of one employee since then and it has grown from one computer to 10 computers and four printers and a photocopier.my work mainly is designs, printing, internet services, photocopy and other support services in repair of computers. we also offer computer classes on basic computer application.

my monthly income is $517 (from printing shop and students fee)
expenses i.e rent, electricity, commuter, wages, telephone and others is: $275

net profit after expenses is $517-$275 = $242
This amount will help me add more computers for training.

Loan Proposal

once i get this amount it help me a lot in expanding my business whereby i specialize in training of basic computer applications. A second hand X-UK computers approximately costs around $150 in Kenya.
currently i have 10 computers, adding more computers is necessary in anticipation as most clients will have completed their national examinations (Form 4).
By start of November demand to train basic computer skills is high as most people need to acquire the skills before joining tertiary institutions.
thank you in advance

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$445.89

Date disbursed

Sep 30, 2014

Repayment status

Late

Projected term

29 months

Cost to entrepreneur

Lender interest: $445.89 at 5.76% annual rate over 29 months = $61.74

Service fee: $38.72

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  • Mutiso Kimanthi    Nov 3, 2018

    Helo, am sorry for failing my lenders am committing to clear all the amount I owe soonest. Just a small concern what should I do if I can nolonger access the registered mobile Line

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  • TomF925    Jan 11, 2016

    We wish you good fortune for 2016!

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  • Mutiso Kimanthi    Nov 15, 2015

    So that I can be able to meet the payments on time. I want to clear the loan by Jan next year when things get upright. Thank you for the lenders

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  • Mutiso Kimanthi    Sep 5, 2015

    My business closed down due to lack of good personel but am making efforts to revive it.

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  • Mutiso Kimanthi    Jul 5, 2015

    I would like to adjust my installment amount since am not able to raise the amount as of now. I will clear the remaining balance as soon as possible. My business is not doing well.

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  • John Musevu    Jun 17, 2015

    Hello?i have tried to reach out to Mr. Kimanthi to no avail.i have contacted Ms Wavinya who did invite him to zidisha to find out where he is and find out why he has not been making repayments to zidisha.soonest i get a response i will update it here.Thanks

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  • Mutiso Kimanthi    Apr 19, 2015

    I have a sick relative who am using business proceeds to care of. I will soon readjust the installments and clear all the loan on time.

    Apologies to all my zidisha Lenders
    For the let down

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  • Mutiso Kimanthi    Jan 30, 2015

    my business has not performed well until i had to merge the two units. ie. computer college and the cyber cafe. I now recovering and its soon going to be stable.

    Thank you in advance

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  • John Musevu    Jan 13, 2015

    happy new year.I have been in touch with Mutiso and he has told me 2014 was a difficult year.He resorted to close down the computer college and retain the cyber business.
    He has pledged that he will start making repays by this month end.

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  • Mutiso Kimanthi    Dec 1, 2014

    I Would like to adjust my installment amount because its a low season for my business. As I had indicated we have started registering students for training of computer lessons and soon I will even require to adjust the amount upwards. Am making arrangements to settle the amount which is in arrears.

    thank you in advance
    zidisha team

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  • John Musevu    Nov 19, 2014

    hello,i have contacted Mutiso as his VM,and he has assured me he will make a repayment this week.

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  • Mutiso Kimanthi    Nov 18, 2014

    Am regretful to my lenders for my delayed payments. as I had earlier indicated I have now started recruiting new students and am soon making my payments up to date.
    thanks

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  • Mutiso Kimanthi    Oct 25, 2014

    am thank full to zidisha team and lenders. I have purchased the computers ready for next intake which begins when students finish their national exams

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  • Mutiso Kimanthi    Oct 25, 2014

    hallo Bjorn. thank you for your comments also.
    yo're most welcome

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  • Bjorn    Oct 23, 2014

    Thank you, Mutiso, for your first repayment on your loan. Best wishes/Bjorn

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  • Mutiso Kimanthi    Sep 16, 2014

    some of the photos taken inside my premises. I will be so glad if i get full funding from zidisha team. The first loan was of great help to me

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  • Mutiso Kimanthi    Sep 14, 2014

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  • Mutiso Kimanthi    Sep 14, 2014

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  • Mutiso Kimanthi    Sep 2, 2014

    this is my shop. i have partitioned one side into a cybercafe. i sell stationery and offer computer services such as photocopy, designing posters, printing photos, invitation cards and online services such as assisting people get: KRA PIN, STUDENTS APPLY FOR GOVERNEMENT LOANS(HELB), ONLINE PAYSLIPS

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  • Mutiso Kimanthi    Aug 25, 2014

    We help students apply for higher education loans (HELB) just to clarify we dont give loans. Thats the picture of my cyber and stationery shop

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