Name
Sam
Member since
August 2014
On-time repayments
137 installments • 7%
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.
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.
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.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Aug 28, 2014
Repayment status
Late
Projected term
32 months
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