Business expansion
John Njoroge
Neema Estate-nyahururu Sub-county-nyandarua County-kenya., Kenya
100% repaid
Entrepreneur
Name
John Njoroge
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
I have a mobile money transfer services in the phone shop.
The part amount of the loan will be used to increase the cash float needed to run the service from Safaricom,that is deposits and withdraws as well as the other part will be used to add more new cheaper smart phones for my clients.
It is through this,my weekly revenue will attract an additional profit of about 35%.
Be blessed team zidisha and thank you in advance for your support.
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
I have a mobile money transfer services in the phone shop.
The part amount of the loan will be used to increase the cash float needed to run the service from Safaricom,that is deposits and withdraws as well as the other part will be used to add more new cheaper smart phones for my clients.
It is through this,my weekly revenue will attract an additional profit of about 35%.
Be blessed team zidisha and thank you in advance for your support.
Feedback
Positive
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,886.00
Date disbursed
Mar 18, 2019
Repayment status
On Time
Projected term
10 months
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