Mark Opondo

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Mark Opondo

Member since

August 2011

On-time repayments

37 installments  •  35%

About Me

I am Mark O. Opondo a Kenyan aged 31 years, I have a family with two children. First born is 5 years and is in nursery, second born is 6 months old.
I live in Bahati center plot no 53 just next to Bahati North district commissioner’s office. People who know and can give you information about my residential area include Steve Kagwe 0722148384, Moses Walela Waswa 0720050502, Samuel Ndungu 0720474748 who is my church member in Full Gospel churches of Kenya .
I hold advance diploma in computer electronic engineering and computer science studies fro m IAT college in Nairobi and Graffins college in westlands Nairobi.
I have adequate skills and experience of 8 years in the said field. Iam a part time computer instructor in a private school in Nakuru and also a freelance computer technician, repairing computers and their accessories. I also sell ex-uk CRT monitors and at times trade in CRT monitors with TFT monitors.
The business is not bad because people are leaving CRT monitors to TFT owing to their portability, clearity and low power consumption.

My Business

I trade in a 17’’ CRT monitor to my customers with a 17’’ TFT at a fee of kshs 7000 and make a profit of kshs. 1000. Then resell the ex-uk at kshs. 2500. Thereby making a profit of kshs. 3500. I also install windows operating system to my customers at kshs. 2000 and Application software at kshs. 1000.
In a good trading month I make kshs. 20,000 – 30,000 on my freelance technical IT job and part time teaching job kshs. 12,000. Therefore my total monthly income is kshs. 40,000. The only challenge I have is sharing computer workshop with friends whom we share rent and other expenses. I want to start my own workshop.
I currently have savings of kshs. 150,000 and need kshs. 50,000 from zidisha. This will total to kshs. 200,000 that I think will be enough to start my own workshop. I will pay 4 months’ rent deposit of kshs. 40,000, buy furniture at kshs. 20,000, install unlimited internet line at kshs. 20,000, trading license at kshs. 4000, out door signs and adverts at kshs. 10,000, 2 desktop computers at kshs. 40,000, employ a secretary at a wage of ksh.8000 per month and keep the rest of cash for buying and trading in ex-uk TFT monitors to my customers.

Loan Proposal

buy 2 desktop computers at kshs. 40,000, employ a secretary at a wage of ksh.8000 per month.and the rest of my savings will be used to start my own business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$559.37

Date disbursed

Sep 14, 2011

Repayment status

On Time

Projected term

14 months

Cost to entrepreneur

Lender interest: $559.37 at 1.85% annual rate over 14 months = $12.07

Service fee: $25.20

Lenders

J

jeffb

United States

melliecarma

Portus Town, Germany

Dianne

Maryville, United States

Lauren Rosenbaum

Washington, DC, United States

BM

Benedicte Monroe

Sarasota// Phnom Penh, United States

AWOL

USA, United States

M

mikedufty

Perth, Australia

nphnph

Berkley, United States

E

Errol

Bradenton, FL, United States

marieb

Zürich, Switzerland

fiego

Mannheim, Germany

W

wmonroe

Paris, France

Sideburnjack

Conroe, TX, United States

EricDWalters

Rochester, Mn, Usa, United States

lucafrangi

Vienna, Austria

Ishaque

New Jersey, United States

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