Cyber cafe proposal

Emmanuel

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Emmanuel

Member since

February 2014

On-time repayments

347 installments  •  84%

About Me

My name is Emmanuel Onyango. I am a graduate from Africa Nazarene University with. 1st Class honors in Bachelor of Commerce Human Resource Option. I am a born again christian living in Komarock Estate. Currently, i am persuing my MBA Strategic Management and Human Resource Management at Africa Nazarene University. I have 4 sisters whom I love very much. On weekends I love to play soccer with my friends. Some time ago I used to play for Gor Mahia but had to stop playing and concentrate on my studies. I started a cyber cafe to fill the unemployment gap as well as to earn a living and cater for my need and that of my family but I have recently changed my business to that of selling both alcoholic and non alcoholic beverages on wholesale and retail basis. This has been the best decision that I have made as an entrepreneur since the business has experienced steadfast growth over a period of 10 months. The thought of developing a supply chain is what has been the driving force and motivation for doing the business.

My Business

My business goes by the name The Liquor Run Wines and Spirits. We deal with both alcoholic and non alcoholic beverages in wholesale and retail basis. With in Komarock Estate and its environs. We have been able to acquire, develop and maintain a considerable amount of market share wishing Embakasi Constituency approximately 35% due to us adopting a low cost leader strategy where we sell quality and authentic goods at a low price therefore taking advantage of the economies of scale advantage. Overall we have faced stiff competition within the market since the beverage industry in Kenya is a highly competitive market. Our revenue streams average between 150 to 200 dollars daily with a 35% profit margin on total sales. This has helped us be able to inject retained earnings in terms of profit to the business. Our retail line has been the most lucrative due to less and administration and transpiration costs. Our fixed cost are rent, utilities which add up to 80 dollars. Our monthly profits range between 900 and 1500 dollars depending on other variables such as availability of products, inflation and taxation in terms of VAT. We would like to expand the wholesale part of the business which has been lacking due to minimal quantities of our current inventory. With the loan I want to improve on our inventory and buy medium and high range alcohol, wine and soft drinks costing a total of 600 dollars as well as install a point of sale system which will allow the business to function digitally as well as improve on our stocktaking system costing 300 dollars. The remaining 102 dollars will be used in setting up a CCTV system inside and outside the premises. This in turn will have a positive impact on the revenue streams with a projected increase of upto 50% of daily sales.

Loan Proposal

With the loan, I plan to buy 2 computers at the cost of 200$(100$each), upgrade my internet speed from 1mbps to 10mbps due to increased demand at a cost of 85$ and buy stationaries worth 60$(10 spindles of A4 printing paper @4$ each=40$, printer ink 5 colours @ 14$, and A4 and A5 envelops @3.5$). This will increase my daily cashflows by 15$ and monthly revenue/profits by between 300- 450 $ as well as create value in my service delivery in order to have a competitive edge in the competitive market.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$326.00

Date disbursed

Jan 29, 2015

Repayment status

On Time

Projected term

7 months

Lenders

BelleStarr

Albuquerque, United States

L

lmuenchen

Munich, Germany

I

ideerge

Mountain View, United States

EHTHighSchool

Egg Harbor Township, United States

Straetman

Kaarst, Germany

J

jozua

Delft, Netherlands

H

Hynek

Brussels, Belgium

ZlataRoy

Cheltenham, United Kingdom

Zidisha

Sterling, United States

BJ

Brandon Joz

North Carolina, United States

Jeff and Marcie

Portland, OR, United States

RockinRobin

Centennial CO, United States

C

CheesemanDan

Shanghai, China

Krtecek

Balzers, Liechtenstein

Crestwood

Hamburg, Germany

P

proby24

Singapore, Singapore

T

tmsaddress

Orlando, Florida, United States

cattlebaron

Pierre, SD, United States

pbosakov

Sofia, Bulgaria

J

jimmydjjr

Gautier, United States

dajawein

Gladstone, Australia

Susansfund

Colorado Springs, United States

MicroFinancier

New York, United States

M

markusfitza

College Station, United States

E

EnhanceLife

Heber City, United States

S

samuk

Nottingham, United Kingdom

danielytao

Boston, United States

K

Katehar

Maple Valley, WA, United States

J

jwharding

Hamburg, Germany

J

janharg

Garland, Tx, United States

U

UmSaeed

Southfield, United States

D

Dave22202

Arlington VA, United States

A

Aaron

Zurich, Switzerland

W

WellingtonPFClass

Columbus, Oh, United States

OlyRhys

Olympia, United States

J

jerryq

Redding, United States

L

lilbsedz

Raleigh, United States

T

Tui1974

nuenen, Netherlands

R

Rearden

STAVANGER, Norway

HMS_5th_Grade

Honolulu, United States

C

chrono

Toronto, Canada

chadgibbs

Loveliest Village, United States

P

prashant

SUNNYVALE, United States

S

solarkismet

Logan, United States

Cricketca

San Jose, United States

A

amish

San Francisco, United States

A

Avalokiteshvara

Yau Yat Chuen, Hong Kong

U

UTLonghorn

Lincoln, United States

N

Navigator

Alavus, Finland

PulsoJewelry

Los Angeles, United States

Paul Buchheit

Mountain View, United States

Bjorn

Heggedal, Norway

KM

Kirsty M

United Kingdom

Robert

Sweden

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