101 installments • 13%
I come from a humble background of five siblings, brought up in a culture where the community values education. I went to public schools both my primary and secondary education through aid from our church, well-wishers, and little from my parents. I was able to join college were I study certificate in education.
I saw an opportunity for setting up a small Cybercafe near the school gate. It was a good venture since University students needed the internet desperately to do their research work. I sourced funds from some of my friends, and I bought 2 computers, 2 chairs, a modem, paid house rent and electricity. I still look forward to growth and expansion through Zidisha.
I operate a small cybercafe business near my college where my customers are the students. The internet, printing and photocopying services are on demand for students because their assignments involve research. My last Zidisha loan helped me buy a color printer and this has improved my revenues by Ksh 200 ($2) per day. Currently, I make $6 (Ksh. 600) a day, less costs I remain with a profit of $ 3.5 (Ksh. 350)/ day. This translates to $95 (Ksh. 9500-Ksh. 10,000) a month. I use the money to help in paying fees for my younger brother, and I also get some pocket money to pay for my expenses while at school.
The number of clients coming into my business is increasing. These clients usually stay there for averagely one and half hours. Most of them have on several occasions asked to buy bottled water or a soft drink from my shop because there are no food stalls nearby nor a shop were they can buy them. Unfortunately, I don't have any because I lack the equipment, so I would like to buy a small freezer. The freezer would help much because the place is hot and I would be able to sells cold soft drinks and the bottled water to them. This will not only serve my customer but will attract more who would just be coming to buy the soft drinks and water, they might as well consume the services I offer.
A small freezer goes for $180. I will begin with two crates of soft drinks, which go for $ 5.7 each and 2 dozens of bottled water go for $ 4 each, both at wholesale price.
A full crate of soft drinks brings $ 3.3 in profits while a full dozen of water makes $2.8. Students like soft drinks, so a crate can take on average 1 day, which will translate to around $ 60/month profits. A dozen of bottled water can take on average 2 days, which translates to $53/month in profits. The total profits come to $ 113/month in profits. If I less the electricity costs, I would remain with approximately $100 / month. This will double my income and I will be able to help my parents, my younger brother get the education he yearns for, and even share my story with aspiring entrepreneurs who wish to grow their businesses.
Nov 11, 2016
Cost to entrepreneur
Service fee: $9.13