Cybe cafe upgrade

Isaac

Kitale, Kenya

100% repaid

Entrepreneur

Name

Isaac

Member since

February 2015

On-time repayments

132 installments  •  85%

About Me

My name is Isaac Wangila. I am a Kenyan man aged 35 years old married with a family. Currently, I live in Kitale Town, Trans-Nzoia County in the Northern part of the Rift Valley Region. I was brought up by a single parent since my mother died when I was a year; my father remarried; since I never got along with my stepmother, I went and stayed with an uncle who catered for my education up to Form four. Later on I moved to Nairobi in search of a job; fortunately I landed a job opportunity where I worked on casual basis; with the proceeds from this job, I managed to pay my tuition fee for an IT Course. After my course, I relocated to Kitale where I was employed in one of the local school as a tutor. Two years later, I started a local cyber cafe with just two computers. With my good public relation, I grew my market base with majority of my customers being teachers. I have had a lot of experience in this life. I always express my warm gratitude to all those who have helped me in my journey through life till this day. My aim in life is to become a social entrepreneur and grow my cyber café into a big ICT consultancy where I can open many branches in the whole of North Rift Region and nationwide. As a young man, my greatest philosophy has always been to be self employed; all along I had envisioned to link up with financial institutions that would help me grow. But when I was introduced to Zidisha, I have seen a breakthrough. Currently, my business is doing well courtesy of Zidisha. I have employed two staffs who assist me in the daily running of the business.

My Business

I run a cyber café within Kitale Town of Trans Nzoia County. It is a licensed business. I offer typesetting and printing services, Photocopying services, internet and emailing services and maintenance of computers.
After my college, I had the desire to venture into the IT market which was yet to be flooded in the Northern part of the Rift Valley thus I decided to settle in Kitale of Trans-Nzoia County.
During the day-to-day running of my business, I do incur some costs which range from Printing/ Photocopying Paper, Wages for my two assistants, rent, electricity bills, security, licence/ permit and wages.
The average daily turnover has risen from $40 to around $60 . Out this turnover, I do some savings which guarantees me repayment of the loan on time as per the repayment schedule; apart from that a fraction of it is ploughed back into the business and also support my family.

Loan Proposal

So far, with the help of Zidisha loan and my personal savings, I have managed to purchase three assets i.e. an Epson Printer, a Kyocera Photocopier and a Laptop. All these machines have been of great help to me since my customer base, workload and profit turnover have increased. Due to increased work load and many customers, I was forced to move a slightly bigger shop which accommodates more customers than the initial one.

In this respect I have decided to incorporate other services in my cyber café; I have started selling stationeries and other accessories in small quantities to my customers and other cyber café.

With this loan, I intend to add more stock to the already existing stock so that I can make more sales on top of the cyber services. It will also help me pay my monthly rent which is slightly higher than my previous shop.

This expanded venture will increase my earnings thus with this increased income, I will be able to develop my business even further and use my weekly profits to pay for the loan in installments.
Thank you once again for your support and aid.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$539.00

Date disbursed

Jan 27, 2016

Repayment status

On Time

Projected term

3 months

Lenders

A

andyfletcher

I want my "My loans" page back, Qatar

Paul Buchheit

Mountain View, United States

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