Cyber cafe

Micah

Bomet, Kenya

100% repaid

Entrepreneur

Name

Micah

Member since

February 2016

On-time repayments

100 installments  •  40%

About Me

I was born on 25th December 1990 at a village called makimeny, Chepalungu Districh Bomet county. I went to kabema primary school before joining mengwet secondary school, I later joined Egerton University where I persued Bachelor of commerce accounting option and graduated in the year 2014. I am currently an employee of FEP Sacco society limited working as a loans officer. During my time in campus, I used to do online jobs like writing business proposals, KRA pin application among others so as to pay my rent and other household expenses whereby my parents struggled to pay my school fees. The kind of life that I experienced in campus has enabled me to know the importance of improving my own business. The kind of activities that takes place in my area is mostly farming and i considered venturing into this business since very it is a niche market and it has been my success.

My Business

I started my business of supplying several items to several institutions as well as operating a cyber cafe. I supply the county Government of Bomet with food stuff like milk, meat, bread among other commodities. I chose this kind of business because it did not required much capital as I could take the goods on credit and pay later. I get a net profit of approximately Ksh. 2000 in a day . I use my profit to grow/expand my business.

Loan Proposal

If given the loan i will buy 4 reams of printing papers and 2 ink catridges. This enable me to serve more customers and eventually increase my revenue. Currently the bussiness is doing well and since most colleges around are approaching their end term exams,there is increased demand for photocopy and printing. I have opened a new branch near one of the colleges and the stock that i will buy will help boost the new branch. With the current demand for such services, my revenue will increase by a bigger margin and therefore i will buy more computer and printer.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$40.00

Date disbursed

Jul 22, 2016

Repayment status

On Time

Projected term

4 months

Lenders

IM

Isak Maaseide

Tromso, Norway, Norway

F

flaguy999

Tampa, United States

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

PG

Paul Graham

United States

Diego

Monza, Italy

terveer

Netherlands

Anonymous

Ocoee, United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

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