Boosting business by buying an open router for wifi

Martin

Kakamega, Kenya

100% repaid

Entrepreneur

Name

Martin

Member since

January 2016

On-time repayments

33 installments  •  21%

About Me

Am martin Oyalo, i had passion for becoming IT person in future while i was in High school and the dream came through am now a software architect, also network administrator, Hardware configure in the line of Computer, also i do supply some computer accessories. I own a small computer college which am hoping God willing to expound it in future to help people within vicinity and diversity at Navakholo sub-county in Kakamega. While i was in campus i used to code some systems especially school management systems for High schools Colleges, Pharmacy Systems and many other systems. After college i stated to market for my products for sale i managed raising some amount that i used to bank in the bank kcb in Kakamega there after i took the starting loan for business 100,000/=.

My Business

About my business i repair computers, printers, coding of computer systems for sale like point of sale, MIS, ERP and many others. I do buy Toners, cartridges, photocopying papers then later i sale them on additional fee at least to have some profits.
I choose this kind of business because where i am in town the products and the kind of business is on demand. About the costs it depend with the kind of products i deal with. Profits helps me to increase the stock where necessary, pay loans in good time also

Loan Proposal

The loan am requesting i intend to buy a router for internet connectivity/wifi connection in my computer college since the place am operating entire market has no internet, by doing so it will bring more students at the college and passing by people to brows thus making money in the process.
Also it will enable the entire community not to travel to far in search of internet that will enable them brows, read, send, attach mail and many other activities done by the internet

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Feb 7, 2016

Repayment status

On Time

Projected term

6 weeks

Other loans

Lenders

TA

Tomi Astikainen

Helsinki, Finland, Finland

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  • Pascal    Aug 3, 2017

    Martin oyalo has some personal issues and promised to pay once he is done.

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  • Martin    Jun 15, 2017

    Kindly am requesting to reduce my payment from 500 to 200 reason the business has gone down thank you in advance

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  • Martin    Mar 29, 2017

    Hi Zidisha team thanks for the loan you gave me last this is the second time you are giving me am humbled. Again thanks a lot.

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  • Martin    Mar 6, 2017

    Once i have the amount (Loan) will buy Toner cartridges for supply
    e.g i buy @ 1500 one and sell it at 6,000/= making a profit of 4500 per one.
    That will enable to pay my loan in Good times to avoid some penalties
    This also will enable me to expound to many business like supply of photocopying papers to different institutions
    1,500 shillings in dollars is 14.61276 USD
    6,000 shillings is 58.31 USD

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