Business expansion and stationery upgrade
Michael
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Michael
Member since
November 2014
On-time repayments
156 installments • 52%
About Me
My childhood education was quite an ordinary one consisting of pre-primary, primary and high school education which I managed fairly easily without any incidents attaining high grades that got me into a good university which I cleared in the year 2012. An important goal that I have achieved is gaining the confidence of clients and establishing a market for my services. This came through hours and hours reading and research, participating in workshops and enrolling in competitions, doing volunteer jobs and lastly forming a small working team . I came to start my business through help of family and friends and their connections but all this would not have come to be were it not for the passion that I have for ICT. I have always been fascinated how fast it grows and I want to also contribute something to that Currently I am an IT professional specialising in software development and design. I focus on freelance contracts and other viable projects both local and on-line. Creating innovative solutions that will help not only myself but the community at large is my primary goal. I am yet to have a family but one day it will be there. I like travelling, watching sports and gaming
My Business
My business offers IT solutions to both individuals, other businesses and corporate institutions. The solutions we offer ranges from consulting, project management to software design and development. I chose this kind of business due to its global reach and scalability and challenges that come with it that push me to be the best I can to maintain relevance in the market. The current workforce consists of five young lads but we mostly work from our own premises for convenience purposes. We therefore use a lot of Skype, emails and other communication tools as well as tools such as Team Viewer for communication, remote control and presentations. As it is, this business model heavily relies on internet connectivity hence internet charges contribute the most to operational costs. Other costs contributors include but are not limited to stationery, support equipment, on-line content charges etc. The main source of revenue for the business is remuneration earned from completed projects. Other sources are doing maintenance jobs on some of the completed projects and also making improvements to the same. Profits are used to keep the business running as well as home improvements.
Loan Proposal
Having already established a fruitful IT solutions business venture, staying relevant in the ever changing IT world and maintaining a competitive edge are necessary for its survival. That being the case, I would like to purchase a better all-in-one printer for my print media and upgrade my server hosting plan as well as purchasing website templates. Having cleared my previous loan with 100% On-Time Repayments, I would be really grateful if my loan request was funded.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$198.00
Date disbursed
May 21, 2015
Repayment status
On Time
Projected term
10 months
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