Patrick
Kawangware, Kenya
100% repaid
Name
Patrick
Member since
August 2015
On-time repayments
150 installments • 41%
I was born in Nairobi, Kawangware estate Nairobi county 24 years ago. I grew up with a bigger vision, a bigger mind, a dream to become a banker.But what actualy came in between this wonderfull dream???
I started my primary education and eventually completed class eight with a certificate in Kenya primary education.In 2007 i joined a local secondary school where i begun to explore all the subjects as well as putting more efforts in mathematics and business studies so as to be a stepping stone to my dream.
In 2010, i completed my secondary education and passed with a credit of B+ but I could not join university due to financial constraints.
In 2011, I was employed on a boda boda where i started saving. I used part of the savings to enroll for computer class where i enrolled on an evening class after working during the day.
In February 2014, I bought a computer and a printer using the remaining savings from the boda boda business and started a cyber cafe.
In the cyber cafe, I deal with typing, printing, photocopying, scanning and internet browsing.
The first one and half years I encountered a lot of challenges to a point where I was about to give up but i continued to press on and eventually i caught up.
Having gained the ground, I may say my cyber cafe is doing good.
As i had mentioned already from my profile, I am currently operating a cyber cafe.
Where i stay consists of college where students normally come to my cyber cafe to photocopy handouts, typing, printing assignments,browsing and doing online research.
The people surrounding also come to make photocopies of their IDs,title deeds, making business cards, typing, printing their curriculum vitae, and browsing the internet.
My current business is worth KES 70,000 and so far I make a profit of KES 1,500 after incurring costs such as purchasing steeple pins, printing papers,credit for internet and printer ink.Am anticipating that these will grow up to at least KES 2,800 daily.
I intend to use half of the profit to reinvest back to the business by purchasing a server Pc.The other half of the profit i intend to use it for my college fees for a diploma in banking and finance which i already enroled on a part time basis.
Loan proposal
Dear lenders, as underscored above, I used saving from the boda boda where I had been employed from 2011 and used the mount to purchase a computer and a printer to start my current cyber cafe business.
I therefore need to add more computers and printers in my cyber cafe due to the increasing number of customers especially from the college adjacent to my business. Therefore all the monies that I will raise here, I will add to the savings that I have so that I can add at a computer and a printer that will go a long way in earning me huge profits.
From what I am anticipating, I can get a profit of up to 1,800 on a daily basis.
In a nutshell, all the 149 dollars that I will raise here will go towards adding equipments i.e a computer and a printer to my cyber café.Kindly help me achieve it.
Thank you in advance as I wait to hearing from you.
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Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Sep 12, 2015
Repayment status
On Time
Projected term
7 months
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