Equipment to expand computer repair training institute
Martin
Nairobi, Kenya
100% repaid
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
Marxtech Training Institute exists to offer higher education training in Information Technology, Research and Business. Because of the high demand of technological know-how and enlightenment in Information Technology (IT) and rapid growth of my institution, there is still a need for extra classes and computer laboratories. That is why I would still need to borrow more from Zidisha organization so that I can fulfil the demand and realise dreams of young, middle aged and the old Kenyan’s who would like to be updated and not to be left by technology.
For this project, I intent to lease an extra space why I can set up an extra class that I can use to train my students both academic and online article writing. The main objective of this are reduce the unemployment rate in my country as students can work and earn living as they learn. In this set-up, I will set up about three working shifts and have guys trained and work day and night. To accomplish this, I will need an initial working capital of about Ksh. 95,000.00. Have some cash in my savings and would request Ksh. 18,000.00 from Zidisha organization so as to work out this project.
Below is a break down budget for the set-up.
Space Lease = Ksh. 20,000.00
5 Computers = Ksh. 50,000.00
Furniture’s and fittings = ksh. 20,000.00
Power Extensions = Ksh. 3000.00
We look forward to receive a response from you.
Yours Sincerely,
Martin Kioko
Director-Marxtech Training Institute
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Loan Info
Project Type
Classic Loan
Disbursed amount
$195.00
Date disbursed
Mar 23, 2015
Repayment status
On Time
Projected term
3 months
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