Funding for a modern,uptodate cyber cafe

Douglas

Nairobi, Kenya

2% repaid

Entrepreneur

Name

Douglas

Member since

May 2014

On-time repayments

93 installments  •  2%

About Me

I am a young man with big and great dreams of making it real good in life. I started my education journey at St. Paul’s Ol joro-orok in Nyandarua County in the central region of Kenya. In the year 2009, I secured a place in form one as per the Kenyan education system in Nyahururu high school. Four years later I managed to be ranked among the top performers in the school after scoring a higher grade enough to qualify me in joining any Kenyan university. Currently I am taking bachelor’s degree in Mathematical Sciences with Information Technology in a local university in western Kenya. My passion in life is to leave an unforgettable mark in the business industry just like some renowned men and women of the world have done. I believe in providing quality business services to customers through innovation and strong dedication. I hail from a humble background with my parents and siblings playing a very important role of encouraging me throughout my life. I also take time out to socialize with friends and members of the community in order to understand the challenges being faced by many people especially in Africa and other third world nations.

My Business

My business idea came into mind right after completing my four years of high school education in Kenya. This was in the year 2012 and by January of the following year, I had already set up cybercafé shop in Juja area next to the Jomo Kenyatta University of Agriculture and Technology. Currently my business is giving me encouraging profits ever since I started and my greatest wish as of at now is to embark in expanding it. I have seven desktop computers, two laptops, one printer, one photocopying machine and modern network connection system that are quite efficient. I mainly rely on the large university student and staff population who demand for internet and other cyber services such as photocopying, printing and laminating is quite high. I have employed one person to assist me in the running of the business especially taking into perspective that I am away at times on academic duties hence the need to have an assistant. From the encouraging rewards I am receiving from my business I have been in a position to pay my University academic fees at the same time touching the lives of other people in the society such as my younger siblings

Loan Proposal

The funds will be used to purchase two desktop monitors and a sighnboard to market my cyber cafe.I have done a market survey and come to a realisation that marketing is vital when wanting a cybercafe buisness to grow.Rest assured that the funds that you will give me will be put to good use.Thank you so much for taking your time to view my profile.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Jul 30, 2014

Repayment status

Late

Projected term

21 months

Lenders

Bryan

Houston, United States

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  • Douglas    Nov 12, 2014

    I'm so sorry for not
    rescheduling my loan
    repayment earlier.I have been
    undergoing some financial
    huddles since the authorities
    have failed to give me my
    legal documents to enable me
    to re open my cyber cafe.I
    intend on opening my cyber
    cafe again and paying off my
    whole loan debt as soon as
    possible.Thank you for being
    so understanding.

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  • Bryan    Oct 14, 2014

    Any updates with the paper work for your cafe?

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  • Douglas    Sep 20, 2014

    I'm so sorry for not rescheduling my loan repayment earlier.I have been undergoing some financial huddles since the authorities have failed to give me my legal documents to enable me to re open my cyber cafe.I intend on opening my cyber cafe again and paying off my whole loan debt as soon as possible.Thank you for being so understanding.

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  • Bryan    Aug 11, 2014

    Happy to help. Love your idea.

    Good luck with the documentation. Can't wait to see your business succeed!

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  • Douglas    Aug 3, 2014

    due to new government regulations, I have been forced to foreclose my buisness for alittle while till I can get the necessary legal documents to run a cyber cafe.As soon as I open my buisness I plan to re-schedule my loan repayment value back to its original value.thank you so much for being understanding.

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  • Douglas    Jul 30, 2014

    dear marbug.thank you so much for funding 100% of my loan.may God shower you with his blessings.

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  • Douglas    Jul 30, 2014

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