Entrepreneur
Name
Victor
Member since
December 2014
On-time repayments
258 installments • 55%
About Me
My name is victor an IT graduate, after school i started a cyber cafe business to keep me busy as I searched for a job. Through luck i was introduced to zidisha by a friend. Am grateful to be part of Zidisha family as large because it has seen my business grow to a level I didn't expect. During my free time I love reading a lot and watching football
My Business
I'm the owner of Avicom cyber cafe business in Nakuru. The goods and services that i offer include internet services, photocopy, printing, lamination, scanning, lamination, computer repair and maintenance. There is always the demand for internet, printing and computer services. This is due to the technological advancement throughout the world. Customers prefer my products and services due to the fact that i offer the fastest internet access services at a cheap price as compared to my competitors. The business is profitable because it is diverse and offers different products and services which in turn boosts sales revenues. The risks my business face is inflation, insecurity and the increasing demand of smart phones which supplement a certain percentage of the customer internet usage. On average, the business operations and recurrent costs are at $ 500 with a monthly sales revenue of between $300-$450. Profit margins are at $250-$350.
Loan Proposal
The loan will be invested into the business in order to improve on service delivery and value creation.I will purchase two extra laminating machine for my computer shop and add stock of printing paper in it too. laminating machines will costs approximately $ 200.
I will also use $100 to buy plain photocopy and printing paper. . However, the current demand of students needs at least an additional $50 of plain paper, approximately 5 rims of 500 A4 sheets in each rim. That’s 2500 A4 plain papers.
This should meet the demand.
I will buy two hardy stapler and a binding machine that costs 100$ and add stationery such as pens, blank CDs and plastic bag folders which are common with the university students which will add up to $155. These additions should make me a good profit.
When I type and print on plain paper I usually charge $ 0.5 per paper I print. So for 2500 plain A4 papers I should be able to make a profit of around $55 per week.
I will bind proposals at $10 per 100 to 200 page proposal.
This should enable me pay the loan and safely reinvest my proceeds in the business, eventually being able to expand my business with the increased proceeds.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$616.00
Date disbursed
Sep 22, 2016
Repayment status
On Time
Projected term
5 months
Other loans
Lenders
Fontvielle, Monaco, Yemen
San Francisco, Netherlands
Austria
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