Improve Internet Speed & Provide New Services for My Customers

Brian

Kapsabul, Kenya

29% repaid

Entrepreneur

Name

Brian

Member since

June 2015

On-time repayments

248 installments  •  17%

About Me

Am at my last stages of the 8-4-4 system. I studied my primary education in a local school then after passing my examinations was admitted to high school. Thought my high school I had a passion in computers. I took computer studies as my technical subject of which I passed well in my KCSE exams. I managed to secure an admission to join a public university through a regular programme. Being in the university opened up my mind, having friends and company of business minded people. This saw me to coming up with several business ideas that I could do in order to sustain my school life. In my 1st year I used to deliver food to students' hostels at a small fee, this was my first experience in business. And after being in the business for a while I was able to gain more knowledge on the dos and donts in business, how to attract more customers, branding and how to retain customers. Later in my second year I managed to start a cyber cafe around the school, this was possible through the savings that I had accumulated from my first business. What I can say is that the journey has not been smooth, sometimes I found myself running at a loss. An example is when there were few customers that could not even make you pay the bills. So occasionally I had to inject a few coins to sustain the business running. What's interesting in this country is the passion that the youth have towards their financial success, and how their dreams drive them to fight harder to make it a reality. One of my hobbies is going through the internet learning new things, this has made me to widen my scope to seeing the future on an international level.

My Business

After my first business I decided to venture into a new business and test my creative strength and ability to make a reality out of a dream. What drove me into deciding to start a cyber cafe was the demand for students in the university to do online research, print their work, connect to friends and other students from all over. I realised that it would be a very lucrative business and I would have helped solve a problem. Since the students crowd in the few cafes that are available and thus cannot do their work peacefully and conviniently. Another major reason why I chose the business is because of the capital that I needed in order to start. The savings that I had was enough to rent a space and buy few computers to start. At first I had three client computers. As the business progressed I was able to purchase a small printer. This helped increase the services that I could offer to the clients. I was now able to offer internet access and printing services. What keeps my customers coming back is the competitive rates that I offer. They are so low that they attract more customers yet more to keep the business running as still keep some as savings. My current objective is to keep reinvesting in the business by buying more computers, chairs and a bigger printer. This will help grow my business. And after being introduced to zidisha by a friend I realised that their aim was to boost small entrepreneurs andI could grow my business at a faster rate. I decided that it was the next step for my business. The loan will help me acquire more equipments thus translating to a bigger business.

Loan Proposal

I thank Zidisha for the loan I was previously awarded. It helped me accomplish my desires for the business. When awarded the new loan I would like to increase the speeds of my internet connections. I would also like to expand the services I offer from photocopying, scanning and internet connection to include lamination and binding. The budget for this is as below.
Improving my bandwidth-$100
Laminating machine-$ 50
Binding machine- $30
Maintenance of existing equipment and painting- $20.
These adds up to a total of
100+50+30+20: 200 dollars.
When I have been able to acquire the equipments and improve my internet connectivity. My profits will increase. From the lamination with an approximate of 100 laminating works @ sh50 per task totals to sh5000 per month. Assuming the operating cost is sh2500 this brings the profit to sh2500 which is 100%.. With the binding machine and 50 binding works per month @sh60 per task totals to sh3000. If the operating cost is sh1500, the net profit is 1500 which is 50%. The improved internet speeds will attract more customers and help market the other services. When granted the loan I will be able to offer more services which is reliable and help bring them closer to the students. Thanks for the help already granted before.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$215.00

Date disbursed

Apr 12, 2016

Repayment status

Late

Projected term

50 months

Other loans

Lenders

A

Anninymouse

Southampton, United Kingdom

D

Delph007

Den Haag, Netherlands

P

pewatz

Tuebingen, Germany

K

Krokslatt

Mölndal, Sweden

cyrus0302

San Francisco, United States

Charmonica

London, United Kingdom

Raoul72

Naarden, Netherlands

J

JakeA

Wellington, New Zealand

B

blahblah

Nuernberg, Germany

jpterry

Port Richey, United States

J

jdhowa2

Louisville, KY, United States

R

RosemariHerrero

Stockholm, Sweden

beverly

Vancouver, Canada

J

jjonas

berlin, Germany

EmilAsker

Lomma, Sweden

B

Bavarian

Bavaria, Germany

indeh

London, United Kingdom

B

bopsquod

Seattle, Wa, United States

B

blue0green717

St-Lucien, Canada

W

wordelsue

MIDWEST, United States

Cloudways

Malta, Malta

braccino

Settimo Milanese MI, Italy

vinnio

Burlingame California, United States

B

BClay

Campbell, United States

M

marcelitohb

Bremen, Germany

ads68

Melbourne, Australia

A

Alumnus

Goias, Brazil

N

NicolaG

Mantova, Italy

Christopher

Copenhagen, Denmark

Maxey

Amstelveen, Netherlands

A

alkemyst

Geneve, Switzerland

Z

zhihanchew1234

Tampin, Malaysia

K

KnutG

Bergen, Norway

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

lyalljellyman

Wellington, New Zealand

Matt B

Stratford Upon Avon, United Kingdom

PG

Paul Graham

United States

JB

John Brown

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

JD

JASON DORSETT

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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