Loan for more bandwidth capacity

John Njoroge Ngatia

Neema Estate-nyahururu Sub-county-nyandarua County-kenya., Kenya

100% repaid

Entrepreneur

Name

John Njoroge Ngatia

Member since

April 2016

On-time repayments

167 installments  •  99%

About Me

I was born and raised around Nakuru town in the Rift Valley Province of Kenya. I have a degree in education from Moi university in Kenya.
After my college education, I could not get formal employment and had to work as a 'matatu ' driver ferrying passengers from one town to another for two years.
I used the little amount of money that I had saved plus some more which I was loaned by a relative to start my business.
My country, Kenya, has extraordinary beauty both in terms geography and contrasting cultures from 42 diverse tribes. It's a choice destination for many tourists from all over the world.
I have a son who wishes to take up my hobby in computers and software as his future professional job.

My Business

I have a cybercafe and small retail shop that deals in electronic accessories.
The cybercafe caters to the people who need fast internet services, especially for government services accessed through the internet, e.g., the e-citizen website.
The retail shop sells small accessories such as phone chargers and batteries to people on transit through the town. I like my business as it augments my hobby in computers.
On average, my monthly costs range from KSh 20,000 to KSh 30,000 while revenues range from KSh 40,000 to KSh 60,000. The proceeds from the ventures are used for household needs, school fees, investment and some for recreational activities.

Loan Proposal

My next loan will be used to upgrade and improve the internet in the cyber.I want to buy new and better router and switch to handle the increased demand for services in the cyber.I also wish to increase the internet speed from 1mb to 5mb capacity.The higher bandwidth will be used to cater for customers who need government online services that use websites that are congested and are generally slow.Fast internet is a concern for anyone using a computer or even a mobile phone and thus having fast internet is a major selling point for any cyber cafe.

Show original English  

About Me

I was born and raised around Nakuru town in the rift valley province of Kenya.I have a degree in education from Moi university in Kenya.
After my college education I could not get formal employment and had to work as a 'matatu ' driver ferrying passengers from one town to another for two years.
I used the little amount of money that I had saved plus some more which I was loaned by a relative to start my business.
My country Kenya has extraordinary beauty both in terms geography and contrasting cultures from 42 diverse tribes.Its a choice destination for many tourists from all over the world.
I have a son who wishes to take up my hobby in computers and software as his future professional job.

My Business

I have a cyber cafe and small retail shop that deals in electronic accessories.
The cyber cafe caters for the people who need fast internet services especially for government services accessed through the internet e.g the e-citizen website.
The retail shop sells small accessories such as phone chargers and batteries to people on transit through the town.
I like the my business as it augments my hobby in computers
On average my monthly costs range from ksh 20000 to ksh 30000 while revenues range from ksh 40000 to ksh 60000.
The proceeds from the ventures are used for household needs,school fees ,investment and some for recreational activities.

Loan Proposal

My next loan will be used to upgrade and improve the internet in the cyber.I want to buy new and better router and switch to handle the increased demand for services in the cyber.I also wish to increase the internet speed from 1mb to 5mb capacity.The higher bandwidth will be used to cater for customers who need government online services that use websites that are congested and are generally slow.Fast internet is a concern for anyone using a computer or even a mobile phone and thus having fast internet is a major selling point for any cyber cafe.

Feedback

6

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  • nicole    Feb 26, 2020

    My sixth loan (!!!!!!!) to John (I think this is a record for me!) -- still recommended. Congratulations & best wishes for continued success!

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  • nicole    Jan 7, 2019

    My FIFTH LOAN!!! to John -- still recommended (and still making a better world!) :-)

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  • nicole    Apr 26, 2018

    My fourth loan to John -- still recommended & I will lend to you again!!

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    • John Njoroge Ngatia    May 22, 2018

      Thank you nicole for entrusting me with your funds.Together we can make a better World.Remain blessed.

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  • nicole    Oct 9, 2017

    My third loan to John -- still recommended!!

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  • nicole    May 27, 2017

    My second loan to John -- I would gladly lend to him a third time!

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Loan Info

Project Type

Classic Loan

Disbursed amount

$159.88

Date disbursed

Dec 16, 2016

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $6.59

Lenders

nicole

Worcester, Ma, United States

Paul Buchheit

Mountain View, United States

djkmoran

United States

MR

Michiel Rauws

San Francisco, Netherlands

EthicalHost

Toronto, Canada

RG

Ravi Gadad

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

KJ

Karin Joy

Philadelphia, PA, USA, United States

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