Refrigerator for refreshments I sell to my cybercafé customers

Gabriel

Eldoret, Kenya

24% repaid

Entrepreneur

Name

Gabriel

Member since

April 2015

On-time repayments

101 installments  •  13%

About Me

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.

My Business

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.

Loan Proposal

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.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$222.00

Date disbursed

Nov 11, 2016

Repayment status

Late

Projected term

21 months

Other loans

Lenders

A

agwong

California, United States

Q

Quomar

Żmigród, Poland

sworthington

San Francisco, United States

B

BRWorthington

San Francisco, United States

investor

Candiac, Canada

J

johan

Oslo, Norway

S

Spassmacher

46244 Bottrop, Germany

BelleStarr

Albuquerque, United States

K

KakkoiiCali

Anaheim, United States

E

Esuil

Vallentuna, Sweden

M

manup0d

Langen, Germany

lietu

Tallinn, Estonia

EHTHighSchool

Egg Harbor Township, United States

K

Koduck

Southampton, United Kingdom

Rocketdrive

Eugene, Oregon, United States

G

golivera

Lima, Peru

Alessandro

Verona, Italy

I

Interfree

Dubai, United Arab Emirates

T

Tszach

Tucson, United States

T

traderjohn

Baltimore, United States

N

noah695

Salt Lake City, United States

Tjitser

The Hague, Netherlands

H

Hynek

Brussels, Belgium

F

FaaThailand

Bangkok, Thailand

A

anonymus

Moon, United States

Pere

Barcelona, Spain

Tamanders

North Carolina, United States

T

ToddK

Indianapolis, IN, USA, United States

E

elkbrett

Bradenton, United States

Kysera

Crawfordsville, United States

S

SelvaMarcus

Green Cove Springs, United States

D

Divergent

Bethesda, United States

amovida

Central valley, ny, United States

P

penguin3694

Chicago, United States

R

RobBne

Brisbane, Australia

S

Scodeb123

Huntsville, United States

E

edgreig

Brixton, United Kingdom

Bruno

São Paulo, Brazil

N

nk786

Dubai, United Arab Emirates

gseletko

South Perth, Australia

mojobob

Hayward, United States

dmirpuri

Bangkok, Thailand

A

Alexxa

Vancouver, Canada

E

E

Marin county, United States

Evan Lamos

Brussels, Belgium

M

Malibu

Westwood, United States

D

drorm

United States

B

benlenarts

Netherlands

S

spivurno

United States

D

DandS

United States

bb4dogs

United States

J

jbhernan

United States

GMc50

Australia

P

Panda6689

United States

G

GDean

United States

W

wesbh89

United States

S

SaraNT

United States

Loungin

United States

A

AlexH

United Kingdom

K

KiraDee

United States

J

JF2014

United States

GaloLending

United States

S

Stephan

Netherlands

KM

Kirsty M

United Kingdom

Haim Si

Mexico, Mexico

Arne Bachmann

Hamburg, Germany

Dave Bogard

New York, United States

Family Mueller

Petershagen, Germany

HC

Howard Cheng

New York City, United States

MZ

Matt Zirwas

United States

Greg Howard

Reno, Nv, United States

JL

Jindou Lee

United States

Anonymous

Ocoee, United States

P

PeterP

United Kingdom

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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Summary

Amount repaid

$52.38

Amount remaining

$169.23

Expected completion

Sep 1, 2018

Status

Repaying late

Installment amount

$2.01

Repayment History

Expected Payments Actual Payments
Nov 19, 2016 $16.12 Nov 19, 2016 $16.12
Nov 26, 2016 $16.12 Nov 26, 2016 $16.12
Dec 3, 2016 $10.07 Dec 13, 2016 $10.07
Dec 10, 2016 $0.00
Dec 17, 2016 $0.00
Dec 24, 2016 $5.04 Dec 22, 2016 $5.04
Dec 31, 2016 $5.04 Jan 4, 2017 $5.04
Jan 7, 2017 $0.00
Jan 14, 2017 $0.00
Jan 21, 2017 $0.00
Jan 28, 2017 $2.01
Feb 4, 2017 $2.01
Feb 11, 2017 $2.01
Feb 18, 2017 $2.01
Feb 25, 2017 $2.01
Mar 4, 2017 $2.01
Mar 11, 2017 $2.01
Mar 18, 2017 $2.01
Mar 25, 2017 $2.01
Apr 1, 2017 $2.01
Apr 8, 2017 $2.01
Apr 15, 2017 $2.01
Apr 22, 2017 $2.01
Apr 29, 2017 $2.01
May 6, 2017 $2.01
May 13, 2017 $2.01
May 20, 2017 $2.01
May 27, 2017 $2.01
Jun 3, 2017 $2.01
Jun 10, 2017 $2.01
Jun 17, 2017 $2.01
Jun 24, 2017 $2.01
Jul 1, 2017 $2.01
Jul 8, 2017 $2.01
Jul 15, 2017 $2.01
Jul 22, 2017 $2.01
Jul 29, 2017 $2.01
Aug 5, 2017 $2.01
Aug 12, 2017 $2.01
Aug 19, 2017 $2.01
Aug 26, 2017 $2.01
Sep 2, 2017 $2.01
Sep 9, 2017 $2.01
Sep 16, 2017 $2.01
Sep 23, 2017 $2.01
Sep 30, 2017 $2.01
Oct 7, 2017 $2.01
Oct 14, 2017 $2.01
Oct 21, 2017 $2.01
Oct 28, 2017 $2.01
Nov 4, 2017 $2.01
Nov 11, 2017 $2.01
Nov 18, 2017 $2.01
Nov 25, 2017 $2.01
Dec 2, 2017 $2.01
Dec 9, 2017 $2.01
Dec 16, 2017 $2.01
Dec 23, 2017 $2.01
Dec 30, 2017 $2.01
Jan 6, 2018 $2.01
Jan 13, 2018 $2.01
Jan 20, 2018 $2.01
Jan 27, 2018 $2.01
Feb 3, 2018 $2.01
Feb 10, 2018 $2.01
Feb 17, 2018 $2.01
Feb 24, 2018 $2.01
Mar 3, 2018 $2.01
Mar 10, 2018 $2.01
Mar 17, 2018 $2.01
Mar 24, 2018 $2.01
Mar 31, 2018 $2.01
Apr 7, 2018 $2.01
Apr 14, 2018 $2.01
Apr 21, 2018 $2.01
Apr 28, 2018 $2.01
May 5, 2018 $2.01
May 12, 2018 $2.01
May 19, 2018 $2.01
May 26, 2018 $2.01
Jun 2, 2018 $2.01
Jun 9, 2018 $2.01
Jun 16, 2018 $2.01
Jun 23, 2018 $2.01
Jun 30, 2018 $2.01
Jul 7, 2018 $2.01
Jul 14, 2018 $2.01
Jul 21, 2018 $2.01
Jul 28, 2018 $2.01
Aug 4, 2018 $2.01
Aug 11, 2018 $2.01
Aug 18, 2018 $2.01
Aug 25, 2018 $2.01
Sep 1, 2018 $2.01

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