Michael Kenga

Kibarani,kilifi County, Kenya

100% repaid

Entrepreneur

Name

Michael Kenga

Member since

October 2012

On-time repayments

192 installments  •  79%

About Me

I am a young parent of two year baby girl, I hold a diploma in computer engineering I started this cyber shop after realizing that it would work proper and cater for my life expenditure for my wife and the baby plus two kids a boy and a girl whose mother passed away in the year two thousand and nine who was my dear sister and left a will that I should take care of them as she is the one who catered for my education from primary level up to college. And as in the area there was no cyber shop.It is profitable as I make more than a thousand a day only from the cyber and around two thousand shillings a day from the electrical goods that I sell hence making a net profit of two thousand a day.

My Business

I run an electrical shop plus a cyber cafe under one roof.The demand is high because all most of the Pwani university students use my shop as it is the nearest cyber shop. I do not hire anybody to service the machines as I do it by myself.I normally make more than five hundred shillings as net profit a day. And one thousand shillings as net profit a day from the electronics.Given a loan I would add an 80 GB CPU machine for efficiency and speed and to enable accommodate more than eight people,hence more profit .And I would be in a position to cater smoothly for my two orphans who are in school.I have been assisting zidisha clients in my cyber at a low costs or free of charge.

Loan Proposal

God bless you for approving my loan. I will add an 80 GB and a 1GB RAM machine in my Cybercafe for skype to enhance speed and efficiency.If it remains ill add stationery.With that expansion I will attract and retain more customers and make more profit.I will be aiming at the second application as good working computers are very expensive,where by with the second application I will be able to add at least two for more accommodation of my customers.
Thanks a million.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$498.00

Date disbursed

Nov 6, 2012

Repayment status

On Time

Projected term

14 months

Cost to entrepreneur

Lender interest: $498.00 at 6.40% annual rate over 14 months = $38.33

Service fee: $21.97

Lenders

EricDWalters

Rochester, Mn, Usa, United States

YB Song

Seoul, Republic of Korea

G

Gastao

Covilhã, Portugal

E

erozlum

Istanbul, Turkey

P

patfigel

Wien, Austria

B

Bpryse

Long beach, United States

Ginoir

Worcester, United Kingdom

D

dancesflo

sao carlos, Brazil

S

soren

Göteborg, Sweden

E

evanglend

Arlington, United States

Crestwood

Hamburg, Germany

L

Ladysmom

Dallas, United States

H

hanso

Arendal, Norway

russell

leicester, United Kingdom

W

W2JKD

Vero Beach, FL, United States

J

jimmydjjr

Gautier, United States

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