Incorporating M-Pesa services into my cybercafé
Isaac
Kitale, Kenya
100% repaid
Entrepreneur
Name
Isaac
Member since
February 2015
On-time repayments
132 installments • 85%
About Me
My name is Isaac Wangila. I am a Kenyan man aged 35 years old married with a family. Currently, I live in Kitale Town, Trans-Nzoia County in the Northern part of the Rift Valley Region. I was brought up by a single parent since my mother died when I was a year; my father remarried; since I never got along with my stepmother, I went and stayed with an uncle who catered for my education up to Form four. Later on I moved to Nairobi in search of a job; fortunately I landed a job opportunity where I worked on casual basis; with the proceeds from this job, I managed to pay my tuition fee for an IT Course. After my course, I relocated to Kitale where I was employed in one of the local school as a tutor. Two years later, I started a local cyber cafe with just two computers. With my good public relation, I grew my market base with majority of my customers being teachers. I have had a lot of experience in this life. I always express my warm gratitude to all those who have helped me in my journey through life till this day. My aim in life is to become a social entrepreneur and grow my cyber café into a big ICT consultancy where I can open many branches in the whole of North Rift Region and nationwide. As a young man, my greatest philosophy has always been to be self employed; all along I had envisioned to link up with financial institutions that would help me grow. But when I was introduced to Zidisha, I have seen a breakthrough. Currently, my business is doing well courtesy of Zidisha. I have employed two staffs who assist me in the daily running of the business.
My Business
I run a cyber café within Kitale Town of Trans Nzoia County. It is a licensed business. I offer typesetting and printing services, Photocopying services, internet and emailing services and maintenance of computers.
After my college, I had the desire to venture into the IT market which was yet to be flooded in the Northern part of the Rift Valley thus I decided to settle in Kitale of Trans-Nzoia County.
During the day-to-day running of my business, I do incur some costs which range from Printing/ Photocopying Paper, Wages for my two assistants, rent, electricity bills, security, licence/ permit and wages.
The average daily turnover has risen from $40 to around $60 . Out this turnover, I do some savings which guarantees me repayment of the loan on time as per the repayment schedule; apart from that a fraction of it is ploughed back into the business and also support my family.
Loan Proposal
After moving to the new shop, it offered me a lot of working space which I felt should be put into maximum utilization. My previous loan helped me stock my Cyber Cafe. I have stocked my Cyber with all the accessories/ stationery that my customers/ clients may require.
Since my business has been growing day after day, I have decided to incorporate M-pesa services in my business. This idea came up after most of my customers kept on requesting to make their payments after the service through Mpesa. In most cases, I have been forced to give Agent Number of the nearby Mpesa so that I can receive my payment. With this loan, I will be able to apply for my own Mpesa line and have enough float/ money in my Mpesa shop which will serve my customers and my neighbours in general. With the commission earned from the Mpesa services and money from the business, I will be able to repay my loan without any problem.
Feedback
Positive
2
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$818.00
Date disbursed
Jun 23, 2016
Repayment status
On Time
Projected term
5 months
Other loans
Lenders
London, Ontario, Canada
United States
Amsterdam, Netherlands
Wausau, United States
Germany
Mountain Home, United States
Ames, United States
Washington, DC, United States
Tokyo, Japan
Bluba, Germany
Australia
United States
Vietnam
United States
Germany
Frankfurt Germany, Denmark
United States
Amsterdam, Brazil
United States
Costa Rica
United States
Canada
United States
United States
United States
United States
Germany
Austria
Australia
Sweden
Australia
United States
United Kingdom
United States
Germany
Finland
Norway
Brussels, Belgium, Belgium
United States
Brazil
United States
United States
United States
Uruguay
United States
United States
Australia
United States
Germany
Mexico
United States
Sweden
United States
Norway
United States
United States
Switzerland
Switzerland
United Kingdom
Norway
Sweden
United States
United States
Norway
United States
Germany
United States
United States
Belgium
Bruno Sanchez-Andrade Nuño (brunosan)
United States
Ask Isaac a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...