Johnson Ndegwa

Gilgil, Kenya

100% repaid

Entrepreneur

Name

Johnson Ndegwa

Member since

June 2011

On-time repayments

96 installments  •  51%

About Me

I am a focused, hardworking Kenyan citizen man aged 28 Years, single and a holder of national diploma in computer science. In addition to this i have acquired professional certification courses in Information Technology from KASNEB in Kenya and several certifications in the information technology field.
After graduating from college, formal employment was not forthcoming and this gave me a big challenge to start my business. I also wanted to enlighten the youths and the general younger generation in my area about Information Technology Skills and how they can use them to fight poverty hence reducing crime and contributing to the national economy.

My Business

I run a computer business providing various services to the local community.The services provided by my business includes all Cybercafe services i.e Photocopy, Internet services, online filling of government forms,Scanning and printing. I also offer Information technology training where i impart the local community with computer skills. I also repair computers mainly for schools in the entire region and also offer consultancy services pertaining to information technology.
Many customers in the area prefer my business because i offer affordable services to them as my business is aim is to serve the society and profits comes second. My business offer professional services to the customers hence my products and services are always in great demand. Currently i have a pool of three energetic, highly skilled employees who assist me to run my business.
The major risk my business faces is high cost of doing business in Kenya, starting with very high electricity costs and rising house rents. In addition to this the cost of consumable products have gone high thus reducing the profit margin of my business.
The operating expenditure of this business is approximately Kshs 40,000 per Month, with a generating revenue/income of Kshs 82,000 per month.

Loan Proposal

If granted this loan money, i will use the loan money to expand my business by purchasing more computers and opening more branches in the rural towns of Kenya.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$970.04

Date disbursed

Aug 6, 2011

Repayment status

On Time

Projected term

12 months

Cost to entrepreneur

Lender interest: $970.04 at 2.78% annual rate over 12 months = $26.97

Service fee: $35.85

Lenders

melliecarma

Portus Town, Germany

joerg

Berlin, Germany

A

Anninymouse

Southampton, United Kingdom

AWOL

USA, United States

JB

James Broderick

Cobham, United Kingdom

C

CWS

Huntington beach, ca, United States

M

mikedufty

Perth, Australia

E

Errol

Bradenton, FL, United States

IJAZBOF

Chihuahua, Mexico

S

slevon

Hemsbach, Germany

Feldborg

Stuttgart, Germany

Sideburnjack

Conroe, TX, United States

Brian

Midhurst, Canada

C

Christian

Saarbruecken, Germany

Archie

Rochester, United States

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