Bernard Cheruiyot
Siwot Village, Kenya
100% repaid
Name
Bernard Cheruiyot
Member since
October 2013
On-time repayments
97 installments • 47%
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, Olenguruone 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.
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.
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.
Positive
4
Neutral
None
Negative
None
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: $0.17
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