Entrepreneur
Name
Kiplangat
Member since
February 2016
On-time repayments
274 installments • 81%
About Me
I am a young enthusiastic entrepreneur, passionate about technology. I have ventured into the cyber and typesetting business to earn me a living, make me independent and also support myself to further my training in the networking industry which is a desire to me.
My Business
My business is a small cyber and typesetting cafe with the University of Eldoret in Kenya which I started as a form of self employment and from then It has seen me grow and better my life as I make a daily living through it and also it has enabled me further my studies by undertaking short courses on part-time basis.
Loan Proposal
The loan will help me to acquire the following for my cybercafe:
-3 chairs each will cost 1000 shillings
-a printer which will cost 6000 shillings
-A 2 in 1 photocopy machine and scanners which will cost 3000 shillings
This will be a boost to my cybercafe business because it will have help to add the service of printing to the existing list of services we initially had. The chairs will also help to make the customers comfortable as they wait to be served. Either when waiting for documents to be printed or while queing to access the internet. Thus the customers will not get tired and displeased by standing for longer time to be served. This will be a boost to our marketing strategy since customers comfort will make our market spread by word of mouth. The chairs will not be a source of direct revenue to the business but will be a source of marketing and also act as stock for future expansion of the business. The printer on the other hand will be generating direct income from printing of clients documents. A breakdown on the likely expenditure and income from the printer from printing a ream of papers.
-ream of papers-480 shillings
-electricity tokens - 100 shillings
-ink-90 shillings
-general maintence-200 shillings
Total:-870 shillings
Income generated from printing documents equal to a ream of papers.
-printing 1 page-sh 5
Total:-5x400: sh2000
This will add value to the business and bring good returns to the business in terms of profit.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Mar 13, 2016
Repayment status
On Time
Projected term
3 months
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