Institution expansion

Martin

Nairobi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Martin

Member since

January 2015

On-time repayments

27 installments • 52%

About Me

My names are Martin Kioko and am thirty two years old and Hold a Diploma in Computer Electronics Engineering alongside other qualification. While i was doing my Higher education studies, i dreamed being an entrepreneur and from that moment i started actualizing my dream. Since i was undertaking a technical subject on repairs of computer and other electronics components, i started repairing laptops and desktop computer for my fellow students. i continued and extended my services to SMES in the city of Nairobi.

My Business

After finishing my studies, i started a workshop for repairing computer and run it for a year and i decide to expand the entrepreneurship idea to create employment for other people, hence i began a small training institute in the year 2010 with five computers and managed to convince five students.
I cultivated the revenues i collected from the school fees and continued to expand the concept and after two years, i managed to create three job opportunities. Now my Institution has expanded and have introduces other courses alongside IT studies.
I would like to set up an extra computer laboratory for i have an increment in student’s population and i was looking for some one to lend me when i came across my business friend Peter Omolo who introduced me to Zidisha Online Lending programme. Have some cash for the setup but i lack Kshs. 15,000 and that is why i am seeking assistance from Zidisha. I will appreciate your support financial and will really commit myself to repay as per the agreement.

Here is a break down income and expense statement for my business
Gross Monthly income =Ksh. 140,000.00
Total expenses = Kshs. 80,000.00
Net profit = Ksh. 60,000.00

On weekly basis i can comfortably repay Ksh. 3,000.00

Loan Proposal

I will add the amount i will receive from Zidisha to the cash that i have to purchase furniture's and fittings for the new computer lab.
I will also use it to purchase equipments and other training resources.