Expand my computer services & entertainment business

Entrepreneur

About Me

I was born in kiserian in 1985,schooled there in my primary classes to class two,we moved to kamae where i continued with my education to class four.I attended good shepherd academy in Njabini to class 8.i attended Nairobi school for my high school and Kenyatta university there after where I graduated with a bachelor in science lower class.I since was doing casual jobs after i worked in Vision Afrika Sacco gilgil in various capacities but was not satisfied with employment since I had always preferred self employment and also wanted to settle in one town since through out my childhood and youth we had been shifting from one place to another(i have lived in 7 different towns) and that made it hard to have friends and grow my self hence the idea to open up a business where I would settle and improve the town by the quality and the services i would offer .I started my business when still employed in 2012 since i liked technology and knew there was great opportunity in pursuing that.i live in Kenya and our people like communities and that's what I have leveraged in my business since it's a place where the youth can experience different technologies and mingle.am currently single not yet married I think my customers are my kids and they would appreciate if they had all modern technological equipments in there disposal and that's what i aim to accomplish.i like exploring technology in my past time and reading about it.

My Business

my business is called red spot entertainment.currently we just offer gaming services (ps2),photocopying,computer services and sell movies but hope to expand and increase the number of consoles, open up a cyber and a sports viewing center in the near future and later register as a company and venture in more entertainments related businesses. As of now am only operating with three(+ 1thanks to zidisha) consoles but my hall can handle six.am the only one offering such services in my neighbour hood so the demand has been high as shown by my income.in a day i make around Ksh 800($8)minus all the daily expenses,in a month that's around ksh 24,000($240) minus Ksh 3000($30) rent and 2500($25) electricity.I reinvest ksh 5000($50) back to business and am left with ksh 13,500($135).most of this is spend repaying my loans that am almost done with.I am single so I don't use much on myself

Loan Proposal

with this loan i hope first to acquire 2015 licenses.they will cost me Ksh 8000 ($80)though I have already acquired one,repair my color printer that broke down late last yearit will cost me at most Ksh 5000($50) depending on the damages .it helps me promote my movie business and since this year and the next are campaign period I might get a lot of work coming my way hence more cash. the rest of the cash purchase local movies as they are in high demand here one costs around Ksh 30($0.3) so by the balance i can get around 500 copies.as for the license it will just maintain the status qua.police men here are fond of harassing us and if you don't have one you may end up bribing for more than what the license would have cost.the printer is great for advertising my movie business where i make 50% per movie/series which i sell at Ksh 50($0.5).and i also get printing jobs on the side.the local movies are sold at Ksh 100($1) each while we purchase them at ksh 30($0.3).in my projection when i am done selling the 500 copies , my profit will be Ksh 35,000($346).while that is just an approximation its quite a good figure.this is a new venture but i will keep you updated on the progress.

Feedback

Loan Info

Lenders