78 installments • 31%
Professionally i did information technology and currently am working with Nairobi Institute of Information technology as an Instructor teaching IT courses.In addition to that i normally do part time training of the same courses in the evening. Due to high demand my clients (student) number is growing and forcing me to have a need of hiring a premise which will enable me to conduct my training s ,am also supporting two orphaned boys back at home in terms of paying there school fees and due all these responsibilities i can not afford to raise cash of hiring a comfortable and conducive premise for conducting my training s. I started part time training s to enable me generate additional income. The earning from my part time training has really supported me especially in raising in raising school fees for the boys am educating in addition to my monthly salary from employment.
I have been doing par-time training for IT courses (packages and sometimes professional courses) for now six months as a means of obtaining additional income but due high demand am seeing it as an upcoming good business.The only challenge i am currently facing is that i don't have a central place of doing it therefore i train my clients (students) from their homes using my laptop. This has forced to think of setting up a good premise whereby i will be able to train a group of students which will save my time and ease my training, the only challenge is that i can not raise the money of hiring a premise due the responsibilities i have that is why am requesting for your assistance.With your support Am looking forward to; first hiring a training premise then slowly buying computers and later expanding this idea to setting up a big quality IT college which will generate good income as a business.
Hi Zidisha and Lenders. As per my profile i still work with Nairobi Institute of Information & communication Technology as a trainer and Head of Administration and doing farming at my farm. Before venturing into farming i used to do part time IT training on my own which was doing well and even i had started buying computers from the loan i got from Zidisha and returns from the business but unfortunately the training room i had hired was broken into and i lost my equipments. Currently i have 1 acre tomato project running almost at harvesting stage. I irrigate my farm using a small water reservoir i dug and placed a polythene paper in it so that it can hold water,the problem with polythene is that it is weak and doesn't last for long. Another challenge is that my dam is small therefore the water contained in it can not irrigate my farm at once because of its size,what i do is that i irrigate half of the land then wait for the reservoir to be full to irrigate the remaining half this is really challenging but its working. I am planning to expand my project to do up to 3 acres as from next year and therefore i have started expanding my water reservoir so that it can hold more water approximately 80,000-100,000 litres. I am requesting for loan to enable me buy a dam liner which will fit to my newly expanded dam and to replace the polythene i have been using because dam liner is stronger and can last for 5 years, with this in place i will comfortably expand my project and comfortably irrigate my 3 acres of land with much ease. Apart from tomato project i have a small portion of the land contains kale (vegetable) which are sold on daily basis and can fetch a minimum of kshs 200 per day with this returns i can comfortably repay my loan without struggling. In the loan long run the tomato project is very profitable and can raise a minimum of kshs 200,000 per acre after every 5 months. I will really appreciate your assistance to fund my project. Than in advance.
Dec 4, 2014
Cost to entrepreneur
Lender interest: $274.49 at 7.53% annual rate over 14 months = $25.21
Service fee: $13.01