Entrepreneur
Name
Bernard Cheruiyot
Location
Siwot Village, Kenya
On-time repayments
96 weekly installments • 47%
About Me
I am a businessman and a farmer from Keringet, Kuresoi constituency in Nakuru County. My business is in Information Technology sector; I own a cyber cafe and a computer services shop in Molo. My business in situated in Tuulek House, Keringet centre, Kuresoi South Sub-county.
I offer computer services: cyber, typesetting, designing various items, printing, photo-printing, photocopy, scanning, lamination e.t.c).
In farming, I grow potatoes, peas and rear sheep.
My Business
I started the business in October 2012 with a computer which my friend assisted me with. I had to lend a printer from a friend at a monthly fee. The little amount of money I had was used to pay for office rent and license fees.
The business has been successful; currently I have acquired my own machines worth over (USD 1,948) and own other assets (bought directly from business income) worth over (USD 8,534).
I am also currently investing in a sheep farm.
The only hindering factor is raising enough capital in a short span of time; but I believe ZIDISHA is going to assist me solve this problem.
Loan Proposal
I started the business in October 2012 with a computer which my friend assisted me with. I had to lend a printer from a friend at a monthly fee. The little amount of money I had was used to pay for office rent and license fees. The business has been successful; currently I have acquired my own machines worth over Kenya shillings 176,000 (USD 1979) and own assets worth over Kenya shillings 300,000 (USD 3374). I am now planning to open new branches in two nearest centres. I also want to venture into viable businesses in the area (agro-dealers and general shops). The only hindering factor is raising enough capital in a short span of time; but, I believe ZIDISHA is going to assist me solve that problem. The USD 48 loan I received from ZIDISHA helped me in acquiring more materials which I am now using. The amount I am now requesting will be paid promptly (On-Time Repayment) will still be 100% as was of the earlier loan. I am really grateful for the first loan which helped me alot.
Feedback
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$149.33
Date disbursed
Jul 11, 2014
Repayment status
On Time
Projected term
7 weeks
Cost to entrepreneur
Lender interest: $149.33 at 8.43% annual rate over 1 month = $1.69
Service fee: $1.01
Lenders
Republic of Korea
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