Bernard Cheruiyot

Siwot Village, Kenya

100% repaid

Entrepreneur

Name

Bernard Cheruiyot

Location

Siwot Village, Kenya

On-time repayments

96 weekly installments  •  47%

About Me

I am a businessman and a farmer from Keringet, Kuresoi constituency in Nakuru County. My business is in Information Technology sector; I own a cyber cafe and a computer services shop in Molo. My business in situated in Tuulek House, Keringet centre, Kuresoi South Sub-county.
I offer computer services: cyber, typesetting, designing various items, printing, photo-printing, photocopy, scanning, lamination e.t.c).
In farming, I grow potatoes, peas and rear sheep.

My Business

I started the business in October 2012 with a computer which my friend assisted me with. I had to lend a printer from a friend at a monthly fee. The little amount of money I had was used to pay for office rent and license fees.
The business has been successful; currently I have acquired my own machines worth over (USD 1,948) and own other assets (bought directly from business income) worth over (USD 8,534).
I am also currently investing in a sheep farm.
The only hindering factor is raising enough capital in a short span of time; but I believe ZIDISHA is going to assist me solve this problem.

Loan Proposal

I started the business in October 2012 with a computer which my friend assisted me with. I had to lend a printer from a friend at a monthly fee. The little amount of money I had was used to pay for office rent and license fees. The business has been successful; currently I have acquired my own machines worth over Kenya shillings 176,000 and own assets worth over Kenya shillings 300,000. I am now planning to open new branches in two nearest centres. I also want to venture into viable businesses in the area (agro-dealers and general shops). The only hindering factor is raising enough capital in a short span of time; but, I believe ZIDISHA is going to assist me solve that problem.

Feedback

4

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.28

Date disbursed

May 3, 2014

Repayment status

On Time

Projected term

5 weeks

Cost to entrepreneur

Service fee: $0.25

Upon joining Zidisha, Bernard paid a lifetime membership fee of $8.86.

Lenders

sgornick

Los Angeles, CA, United States

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