Equipment for my cybercafe business

Sam

Nairobi, Kenya

38% repaid

Entrepreneur

Name

Sam

Member since

August 2014

On-time repayments

137 installments  •  7%

About Me

I'm a passionate freelance writer and researcher but I'm currently working towards investing in an alternative source of income that will supplement my online business. I was born in Ndhiwa District, Homabay County, but I live in Ongata Rongai,about 22 kilometers from Nairobi. I began my online business immediately after graduating from Egerton University in 2011. However, I have been saving funds to start up a small cyber-cafe business in Ongata Rongai township. My internet-cafe that will offer a wide range of differentiated services.

My Business

I intend to start Cyber cafe business will offer a diverse range of services some of which will include but not limited to the following;
-Faster internet services
-Instant Digital photography services
- Photocopy services, Typesetting T-shirts printing etc.
-Stocking and sales of books, bulk printing materials, writing materials

Additionally, since I have always been working from home as an online writer, I intend to use my proposed cyber cafe as my office which will enable me to better manage my research writing consultancy.
Ongata Rongai is a thriving business center hosting many academic institutions and campuses in the neighborhood. The high population in the locality will provide a viable market for my business.
The risks involved include potential stiff competition from established similar businesses in the area. However, I intend to counter this through service differentiation. I currently make an average of $600 per month and I will be able to repay my loan even before my business will be able to be self sustainable.

Loan Proposal

I intend to use the requested loan to purchase a refurbished 3 in 1 printer for my proposed Internet cafe business at a cost of $ 100 . The remaining amount will go towards purchasing between 6 and 8 plastic chairs each at approximately $8. I have already purchased a few items such as an internet router and 4 desktop PCs using my personal savings. I still remain with some more savings from my online writing business and I'm counting on the loan from Zidisha to supplement the remaining deficit.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Aug 28, 2014

Repayment status

Late

Projected term

32 months

Lenders

Brian

Midhurst, Canada

valentin

Stockholm, Sweden

Erica

Caledon, Canada

Zal0m0n

Atlantis!!!! x), Mauritania

Sarasota

Sarasota, Fl, United States

T

thebonseung

Republic of Korea

Matching Fund

Sterling, United States

S

stryker75

United States

LouisB

ZIDISHA, Mozambique

J

JessicaAna

Maputo, United States

ToddTho

World Wide, United States

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