Inventory for the expanded business

John

Uthiru, Kenya

Funds disbursed

$0 to go

100% funded of $100 goal

0

days left

Entrepreneur

Name

John

Member since

January 2015

On-time repayments

10 installments  •  0%

About Me

I am 24 years of age entrepreneur residing at Uthiru a few kilometers from the capital city Nairobi. I always had a passion for opening up electronics, which contributed to the many number of beatings I got in my childhood. This however, did not deter my passion for electronics in particular computers. My uncle who used to have the only computer in our neighborhood became my guiding light and by the age of seven I had learnt how to use a computer. I have experience in numerous cyber cafés and this motivated me to open up my own computer services business.
I studied my primary education at Mama ngina Primary School at Kinoo and then later pursued secondary education at St. Josephs High School in Githunguri. After that I did some computing classes to gain a certificate plus a certificate in tours and travel. In 2010 I joined Maasai Mara University to advance in a degree in Economics.
I have one daughter of a month old called Felicia who plays a big part in helping me wake up each day hopeful for a better future by her smile each day. I want her to have an education and have her dreams fulfilled with me to support her.
In my pastime I am fond of listening to BBC documentaries which I do not miss. They help me in advancing my knowledge and the business segment gives me insight into certain perspectives of business. Most of my friends think it is lame but it helps me though not in the immediate future but later on and also help others.
When I started my business I did not even have a printer, I only had a laptop but now I have a fully furnished office. Plans for expanding and open up more of them and capture the ever growing computing industry pokes me to implore your help.

My Business

My business is Margi Computer Services at Racecourse road OTC. I provide a wide range of services such as: photocopy, printing, scanning, binding, typing, designing and sale of envelopes. I also provide consultancy on computer related issues on software and hardware.
OTC is very densely populated as we get customers from the city council, Kamukunji police, St. Peter Clavers Church & School and people from Gikomba market. It is also a major bus stop for travellers from Kasarani, Kisii, Kiambu, Kayole e.t.c. These services help them because people now require type written applications, photocopy for future reference, designs for ;wedding cards, business cards& banners ,, binding to make books out of papers and scanning for customers to deliver their documents in soft copies.
This business holds what I love about computers and I serve customers hence meet new people and forge friends all the time. I get information everyday and know how to run my business effectively. My typical costs are
1. Rent
2. City council registration
3. Electricity
4. Purchase of; photocopy papers, lamination papers, and binding materials.
Most of my profit goes to my daughter and my sister for their upkeep. The rest I save for business improvements.

Loan Proposal

The money will be used to buy inventory for the expanded business. The inventory includes a new printer that costs 54 dollars at Jumia Online Shopping and a new computer costing at 45 dollars. This was prompted due to the increasing number of customers in need of our services and hence I will employ another person to offset the demand. The benefit will help in helping my mum finish her house and for me to start building mine. It will also help the other person who I will employ to help me in the day to day activities and partly start advance my education.
Currently the profit ranges from 10,000 a month to 15,000. If I get the requested amount the profit I expect will increase to 20,000 all cost set aside.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Feb 16, 2015

Repayment status

Late

Projected term

2 months

Lenders

T

Tmann

Los Angeles, United States

D

Delph007

Den Haag, Netherlands

F

Fiodal

Helsinki, Finland

Raoul72

Naarden, Netherlands

O

oasis

Boise, United States

J

JakeA

Wellington, New Zealand

B

blahblah

Nuernberg, Germany

B

Bavarian

Bavaria, Germany

B

bhalter

Eau Claire, United States

SeeMeeFi

Ontario, Canada

Cloudways

Malta, Malta

ads68

Melbourne, Australia

doflynn

Dublin, Ireland

D

DavidJSmu

North Attleboro, MA, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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