New computers & copiers to rebrand my cybercafe

Robert Otieno

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Robert Otieno

Member since

March 2017

On-time repayments

82 installments  •  32%

About Me

am a business man with 15 years experience
I started from a humble beginning i was selling eggs in the streets of Kisumu City . I left egg selling and followed my passion in music and become a super DJ .I played music for about ten years. i also left the entertainment industry and joined cyber cafe business which currently am running. Each business operate independently I have employed seven employee s each business 2 employees If I get a loan from you I will expand my business to an empire

My Business

Cyber Dee is a growing Cyber business in Nakuru City that deals with Information Technology, Printing and Internet Services. Cyber Dee is also an education center where we offer Short Courses on Computer technology and skills.
We currently earn an annual revenue of Ksh.1,250,000. Moreover, we are seeking an investment of Ksh. 950,000/= to Expand our Business and open new branches near major residential areas, in return for 10% of the new branch future annual earnings.
Problem
The housing market in Nakuru City has improved and increased rapidly over the years. Many people are moving to and living in this prospering city. However, not all residential areas have accessible Internet, Knowledge to use the internet or afford to purchase hardware to use in their daily internet service in which these new residents may utilize our already available Manpower and quality service. Our company would like to take advantage of the low competition and strong demand in these areas.
Solution
We aim to open this branch near the residential areas in the city. We will cater to both local and foreign individuals, groups, and families living or staying in such areas.
Target Market
Our Cyber Business targets the local and tourist populations of and near the city's new residential areas.
Scope of Work
The business loan will be used for our promotional efforts, equipment and furniture, and employee wages. This will allow us to reinforce our brand, upgrade our equipment, and compensate our employees for their services rendered. All these are essential to allow our team to continue serving our clientele.
Funding Required
DESCRIPTION PURPOSE AMOUNT
Renovations Three 1,500 sq. ft. commercial
lots 900,000.00
Materials Construction materials 1,100,000.00
Construction Design, labor, equipment,
technology, and tools 1,800,000.00
Marketing Attract target customers 700,000.00
Total Funding Required 4,500,000.00

Loan Proposal

I WILL BUY NEW COMPUTERS AND COPIER MACHINES AND ADD STOCK. RE BRAND MY CYBER MAKE IT VERY UP TO DATE SO AS TO ADD MORE CUSTOMERS . I WILL ALSO ADD MORE STOCK OF PAPERS SINCE THE SCHOOL ARE OPENING NEXT WEEK

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$266.66

Date disbursed

Sep 10, 2017

Repayment status

On Time

Projected term

14 months

Cost to entrepreneur

Service fee: $11.19

Lenders

M

marycb

United States

T

Tmann

Los Angeles, United States

H

Heja

Hamburg, Germany

AltruisticSelfishnes

Chicago, United States

K

k9rich

Bay Shore, United States

T

Tallago3

Munich, Germany

R

rmacaw

Australia

D

Darish

Clarksville, United States

HE

help each other

Glasgow, United Kingdom

G

Goodwill

Oakland, United States

P

Prysdahl

Marshall, United States

S

SourceWebDesign

Nieuwegein, Netherlands

G

gregc

Calgary, Canada

A

AndrewC

London, United Kingdom

gseletko

South Perth, Australia

B

BMcDermott

Washington, DC, United States

S

sarah4d2

Saint Louis, United States

L

Leemcd

Australia

chriseyre

Fremont, Ca, United States

B

bscent

Hong Kong

Bryan

Houston, United States

S

satheajay

United States

SV

sven vdk

Twickenham, United Kingdom

S

Stephan

Netherlands

Family Mueller

Petershagen, Germany

Mark

Nijmegen, Netherlands

MD

Miles Dodge

CORVALLIS, United States

DB

Dianne Bayes

Huntersville, United States

Y

YP

Malaysia, Germany

Rose Rodent

Scotland, United Kingdom

Y

YTSJ

London, United Kingdom

JA

Jan Andresen

Hamburg, Germany

Ren

Minneapolis/StPaul, United States

Martin Kraus

Traiskirchen, Austria

Paul Buchheit

Mountain View, United States

J

James

Los Angeles, United States

MR

Mary Reardon

United States

BG

Bruce Garretson

Portland, Oregon, United States

RM

Richard Marston

United Kingdom

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