Expanding Business with Scanner Purchase

Kiptoo

Keringet, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Kiptoo

Member since

December 2014

On-time repayments

66 installments • 18%

About Me

My names are Kiptoo Bett. I live in Nakuru County, Kuresoi south constituency in a village called Kapkores. I come from a family of nine children. I am the last born in our family. I am a Christian with Catholic Church. I went to Keringet Boys high school and finished in the year 2011. I am single man. I decided to do cybercafé service to offers service to remotes areas. From the small amount I attain from Cybercafé, I am able to support my family.
I was born in the year 1992 7th December, i a Kenyan citizen of aged 23 years old. I have been working in a cybercafé for the last 2 years. I do hereby submit my applications to apply for the loans to enable me expand my business (buying of Milk).
I am still single working in a cybercafé offering various services to both Secondary School, Universities and Colleges. I further emphasis on myself that being given the loan I will used to explore for better business opportunity.

My Business

My business provides( both Computer & Agri-farming) customers with computer and farming products. I choose this two business due to the skills I have acquired when taking a Diploma course in the field of agribusiness and Information and Technology. The Services that are at high demand by customers are the teaching services for Computer Packages, Internet, Passport, instant Photographs Scanning, Typesetting and printing . however, to the agribusiness the service I am offering to the people are Educational tour especially to school’s students and pupils. My daily basis that is per day is roughly estimation of shillings 1500 thus it depends on days of the week. The loan I will used to explore for better business opportunity. Nevertheless, the Profits from this business, I keep them in a savings account to facilitate my school fee and my family at large.

Loan Proposal

When I get this loan, i will use the money to buy a new scanner for my business, which will cost 55 US dollars. By doing this my business profit making will increase by 60%. This will be due to my ability to serve customers with scanning of document and printing of colored copies of documents they want to print.