Internet satellite

Kiplagat

Kisumu City, Kenya

100% repaid

Entrepreneur

Name

Kiplagat

Member since

April 2017

On-time repayments

17 installments  •  65%

About Me

I was born brought up in Kisumu city in a family of seven, my father was a police officer and my mother a business woman. I went to Karajuong Primary school, later on secured a chance to joined Kisumu day primary school. I scored grade B that made me join Jomo Kenyatta University in Nairobi to study Information Technology.
Back when i was in second year is when i started my cyber cafe business, i had a very supporting father. I shared the idea about starting my own business that could assist me in paying my school fees, using my free time well an he accepted. He funded me with some money and i started the cyber cafe.
What i find unique about our land that is Jomo Kenyatta University where i know very well is the fact that many student are deeply rooted into drugs abuse, few are the students doing business and taking their studies very serious.

My Business

i do cyber business and offers the following services. Printing, type setting, online services like browsing, scanning, photocopying among others
This services are useful and on demand because i am positioned well within the campus and many student flock at m,y cyber to print out their assignments and handouts. This also increases the demand for my services.
i chose this business because it is my profession and i am well endowed with knowledge in the same field. I also saw an opportunity in school and decided to avail the services closer to the students who had to make long cues at the only print shop in school.
i use the profits that i make to pay part of my school fees, sustain my living in school and also invest back into the business.

Loan Proposal

Given these loan of 10 us dollars, i will use the money plus some savings that i have of about 60 us dollars and buy an internet satellite costing 70 us dollars.
I will benefit by increasing my income since many people will now be coming to my cyber because of fast internet. Other will benefit by the fast internet.
I expect a 20% income increase on daily basis

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$11.00

Date disbursed

Jun 27, 2017

Repayment status

On Time

Projected term

6 weeks

Lenders

Paul Buchheit

Mountain View, United States

PG

Paul Graham

United States

wissam

Jeddah, Saudi Arabia

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

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