Kenya

Expanding my cybercafé business


This Loan
59% Repaid


Disbursed Amount: $1,051.00
Date Disbursed: Feb 1, 2017
Repayment Status: On Time
Repayment Frequency: Weekly Projected Term: 9 months
Cost of Loan: $51.53
Show Cost Details

Cost of this loan

Service Fee: 5% of $1,051.00 = $51.53


Story
About Me

My name is Dancan mong'are, I was raised in a family of 5 brothers where I am the second born, my father is a self employed in a lumbering industry while my Mom is a small scale farmer. I decided to start my computer service business so that I can support myself in my education and other personal emoluments . Currently I am pursuing my degree program in purchasing and supply management at Jomo Kenyatta University of Agriculture and Technology Nakuru CBD campus. My entire business helps me to relieve my parents from the strains of catering my studies and that of my brother's who are also at college "Kisumu polytechnic" . From my business I am able to pay my rent, bills and it also helped me buy myself a laptop which I use to do my research and assignment at school.

My Business

My business is a computer service program that deals with type setting, photo printing, internet services and computer software repairs. The goods I sell in my business include: printing papers, envelops, pens and pencils. My customers prefer my services since they are served very fast and get the goods at the lowest prices compared with the nearby competitors and this attracts many customers to my business, which means more profits. In a month it costs me in maintaining and replacement of printer parts including ink cartridges, purchase of more stock such as printing papers and other stationery, but also it earns me sales amounting to not less than ksh.25,000, giving me an average profit of kshs. 10,000 to kshs.18,000

Loan Proposal

Despite all the criticism of micro-lending schemes and their ideological impact, i must admit that Zidisha stands out since it bypasses expensive local banks and intermediaries that charge sky-high interest rates and offer a person-to-person platform that lets lenders and entrepreneurs communicate openly and instantly. This helps us small entrepreneurs present our business projects to potential lenders who in turn fund us to improve our businesses. I am so humbled with the continued support towards my projects. I really have seen a positive impact in my business through my previous Zidisha loans. Am so grateful. This being my fifth loan, i have real confidence that my business will get to the next level. With this expected loan i plan to open a new branch of the same kind of business am operating currently within the town center comprising of typesetting and printing, photos, passports and stationery for students joining and continuing in the satellite campuses. Most customers are students who study in the various campuses within town who am positive that they will influence other fellow students towards the satisfactory services I have always offered them, the aim of opening the new branch also is to expand and bring services near to the rising number of students and capture more.
The total cost of opening this new branch will be $1700 of which $960 will be from the loan I expect and $680 will come from my savings. The machines will cost; Epson photo printer $389, Laser-jet printer $97, second hand copier machine $583, few stationery $ 195 rent, renovation services and operational expenses $389 and Miscellaneous $97. Am proud to inform you that through Zidisha loan i have created job opportunities to two regular employees and one casual worker, and i intend to employ more as the business grows.
I humbly request for your continued assistance .Thank you in advance.



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About Me

My name is Dancan mong'are i was raised in a family of 5 brothers where i am a second born, my father is a self employed in a lumbering industry while my Mom is a small scale farmer. i decided to start my computer service business so that i can support myself in my education and other personal emoluments . Currently have graduated with a degree in purchasing and supply management from Jomo Kenyatta University of Agriculture and Technology Nakuru CBD campus my entire business helped me to relief my parents from the strains of catering for my studies ,personal study expenses and that of my brother's were also at college "Kisumu polytechnic" . from my business am able to pay my Rent bills and also helped me to buy myself a laptop which i used to do my research and assignment at school. it also helps me in supporting my siblings with their school feels since as for now my dad is jobless and their yields from small scale farming does not help enough.

My Business

my business is a computer service program that deals with typesetting, photo printing,internet services, computer software repairs and the goods i sell in my business include; printing papers, envelops, pens and pencils. my customers prefer my services since they are served very fast and get the goods at the lowest prices considered with the nearby competitors and this attracts may customers to my business and thus more profits respectively. in a month it costs me in maintaining and replacement of printer parts including ink cartridges and purchase of more stock that is printing papers and replenishment of other stationery that we sell in the business. i used to make an average profit of ksh. 18,000 but since i bought the smart photo printer that i was financed by the 4th loan from zidisha my profits increased to not less than ksh.50,000 a month now. Am so grad to be a benefited member of zidisha, thanks to zidisha Team for changing my Life

Loan Proposal

Despite all the criticism of micro-lending schemes and their ideological impact, i must admit that Zidisha stands out since it bypasses expensive local banks and intermediaries that charge sky-high interest rates and offer a person-to-person platform that lets lenders and entrepreneurs communicate openly and instantly. This helps us small entrepreneurs present our business projects to potential lenders who in turn fund us to improve our businesses. I am so humbled with the continued support towards my projects. I really have seen a positive impact in my business through my previous Zidisha loans. Am so grateful. This being my fifth loan, i have real confidence that my business will get to the next level. With this expected loan i plan to open a new branch of the same kind of business am operating currently within the town center comprising of typesetting and printing, photos, passports and stationery for students joining and continuing in the satellite campuses. Most customers are students who study in the various campuses within town who am positive that they will influence other fellow students towards the satisfactory services I have always offered them, the aim of opening the new branch also is to expand and bring services near to the rising number of students and capture more.
The total cost of opening this new branch will be $1700 of which $960 will be from the loan I expect and $680 will come from my savings. The machines will cost; Epson photo printer $389, Laser-jet printer $97, second hand copier machine $583, few stationery $ 195 rent, renovation services and operational expenses $389 and Miscellaneous $97. Am proud to inform you that through Zidisha loan i have created job opportunities to two regular employees and one casual worker, and i intend to employ more as the business grows.
I humbly request for your continued assistance .Thank you in advance.


Feedback
Positive   6      Neutral   0      Negative   0     

  • djkmoran     Oct 29, 2016

    Positive

    Congrats yet again Dancan on repaying another loan! I wish you all the best in the world and would be happy to assist you again!

    • Dancan Mongare     Jan 25, 2017

      Positive

      thank you djkmoran for your longtime trust, believe and encouragements.


  • djkmoran     Jan 31, 2016

    Positive

    Congrats again Dancan on repaying another loan! I wish you continued success!


  • Daniel R     May 23, 2015

    Positive

    Thank you for quick repayment. And best wishes for your business!

    • Dancan Mongare     Aug 5, 2015

      Positive

      Thank you Daniel R. I always work not to disappoint the good people who dared to invest their trust I me as much as their care.


  • djkmoran     May 22, 2015

    Positive

    Congrats Dancan on repaying your loan!

    • Dancan Mongare     Aug 5, 2015

      Positive

      Thank you djkmoran. You can always count your trust on me and never expect any disappointments.


  • adrianogosuen     Jan 20, 2015

    Positive

    tks


  • HappythroughHelp     Oct 12, 2014

    Positive

    Congratulations on the business, Dancan, and I hope that the loan helps for you to expand!

    • Dancan Mongare     Jan 25, 2017

      Positive

      the loan from you as zidisha lenders has brought soo much change in my business and too to my living standards. thank you soo much HappythroughHelp


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Expanding my cybercafé business

Dancan Mongare
Nakuru, Kenya

59% Repaid