Inventory of electronic accessories to sell at cybercafe
Kennedy Kahugu
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Kennedy Kahugu
Member since
March 2014
On-time repayments
323 installments • 20%
About Me
I was born in 1983 in Nakuru County. My education started at crater primary school in 1988, I stayed there for the next eight year until 1996. after primary school, I proceeded to Leshau Boys for my secondary education. Upon completing, I joined Wantech computer College and graduated two years later with a diploma in Information Technology. As a small boy I envisioned myself as an entrepreneur, this dream is still alive. It is my dream to create a massive business empire that offer dissent employment to the masses and one that is not only driven by commercial interest, but also environmental and social concerns.
My Business
My business runs under the trade name Alltech Communications and is a service oriented business. It mainly deal in provision of computer related services to resident of Dandora and the surroundings. This services includes; photocopy , printing, internet, graphic design, ICT training and a host of other related services. Demand for the same is high partly due the location of my business. The business is sandwiched between Dandora Police station and the Chief’s Office and is within the vicinity of 3 Main churches and at least 16 smaller churches, one government sponsored primary school and five privately owned primary schools. This institutions are heavy consumers of printed materials and prefer to outsource such jobs instead of having them done in house. Due to the populous nature of Dandora area, the business enjoys a constant flow of walk in customers who keep the business running on a day to day basis. Though the business is still young and growing, and the budget for marketing remains non existence. Customer satisfaction and referrals are our two main methods of acquiring now customers while retaining existing ones. To enforce this, I am constantly upgrading my skills through learning of how to use new softwares, I also offers free consultations to my clients. In this business the cost of raw materials is almost negligible, the bigger burden is in settling the monthly bills, in particular electricity , internet and a salary for one staff, cumulatively, this expenses will sum up to 300 dollars. On average, the business rakes in between 500 and 600 dollar when other miscellaneous costs are deducted the net profit oscillates between 150 dollars to 250dollars in a month. My loan will entirely be used in the business and the immediate need is product diversification. Under the same roof, I intend to introduce mobile money transfer service ( M-Pesa ) and sale of electronic accessories. Income earned from the additional business and saving earned from the previous one will be used to meet the loan premiums.
Loan Proposal
In line with the envisioned growth trajectory for my business, I intend to complement my current business income by introducing two new products/ services; i.e. electrical/ electronic accessories and and an M-Pesa services Shop all under the same roof as my current business. This expansion will be implemented in a phased manner. The loan will help me implement the first phase and I will use it in buying stock for electrical and electronic goods estimated to cost 200 US dollars.
Feedback
Positive
3
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Apr 6, 2014
Repayment status
On Time
Projected term
5 months
Other loans
Lenders
Ask Kennedy Kahugu a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...