Stephen Njenga

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Stephen Njenga

Member since

March 2013

On-time repayments

282 installments  •  56%

About Me

Am third in family of Four. Born in Nakuru County and started my Primary Education at Nakuru West Primary School later shifted to Mwireri Primary School Subukia. I later Joined Maryland Secondary School and then transferred to Kieni Secondary School.I joined African institute for Computer course and later started a course in Information and Technology at Kenyatta University. i was brought up in a poor background that i had to work on weekend and raise part of my school fees. also i was sponsored at University by NGOs.getting a job in kenya is very hard so i had to start my job, i bought second handcomputer and a photocopy machine . where i come from people live to believe in what they do. all of our us we have a small piece of land this makes us busy not even concentrating on development or outside. I have got one kid who loves music and maths he tells me that he want to start his own bank not being employed by bank. am sure i will do anything to make his dream come true. on my free time i love reading business books and taking my family out.

My Business

I operate a cyber in Nakuru town where i have 10 computers which i just bought new ones from zidisha loan., most of thing nowadays are done through internet so there is great demand of internet and people love fast computers and and a good internet. i chose this type of business because i love inquiring new ideas from the internet and i noticed that most of the people want to be in digital world. i usually make Kes 120,000 to kes 150,000 per month. i pay rent of KES 15,000 and kes 5,000 for my internet and kes10,000 for my employee. I use my profit for my family and for my kid school fees, and save because i want to open another cyber and i want to buy a digital printer. Am also planning on importing computers and sell them in Kenya.

Loan Proposal

I would like to apply zidisha loan for the second time the first time was successful I was able to open my business a cyber café now I want to expand it. I have the potential all I need is finance I want to purchase more computers and printer and expand my business by expanding my premises. A lot of people usually comes to my business because the services I offers to them I offers quality services and even I have employed one person to assist me. Idf given this loan I am sure it will help me alot Thank you

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$741.68

Date disbursed

Dec 23, 2013

Repayment status

On Time

Projected term

19 months

Cost to entrepreneur

Lender interest: $741.68 at 4.01% annual rate over 19 months = $48.83

Service fee: $42.98

Lenders

K

Kondonassis

Bridgton, United States

EricDWalters

Rochester, Mn, Usa, United States

AH

Aleksi H

Helsinki, Finland

torelizer

Reggio Emilia, Italy

L

lmuenchen

Munich, Germany

Johnny

shanghai, China

Tilius

Oslo, Norway

Silver

Steiermark, Austria

T

Tec69200

Jacksonville, United States

bluetree

Mountain View, United States

K

K1Stay

London, United Kingdom

P

pcooney

barrie, Canada

HansLindgren

Uppsala, Sweden

Tavin

Ottawa, Canada

valliejc

Edmonton, Canada

KirstenShute

Montreal, Canada

K

kaf121

Lynnfield, United States

R

RichardH

Manchester, United Kingdom

Quentin

Toronto, Canada

WormaldTSG

Rydalmere, Australia

C

Colesmiths

Sevenoaks, United Kingdom

M

Mårten

Inden, Switzerland

Maartje

Hinteregg, Switzerland

mewesten

Waynesboro, United States

mraph

Virginia, United States

S

SourceWebDesign

Nieuwegein, Netherlands

postnihilist

Honolulu, United States

SmeeAgain

Dublin, Ireland

JC

Jordi Cohen

New York, NY, United States

C

cardiff

Falls Church, United States

E

erlingre

Sør-Fron, Norway

P

Pavane

Kungsbacka, Sweden

markpearson

Portsmouth, United Kingdom

J

johneaton

Ludlow, MA, United States

kalidanthepalidan

Denver, United States

P

pvranas

Boulder, United States

M

mzhope

Harrisburg, United States

M

Maggie

Australia

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