Inventory of more equipments to my cyber shop

Sarah Mugah

Nakuru, Kenya

10% repaid

Entrepreneur

Name

Sarah Mugah

Location

Nakuru, Kenya

On-time repayments

284 weekly installments  •  6%

About Me

My name is Sarah Mugah, and we have been blessed with 1 kid.
I did my O-level in the year 2013 and later proceeded to do several short courses includind Information Technology (I.T) and did various jobs including employment in an insurance firm, real estate agency firm and as salesman. I quit employment in to be self employed last year where I did various small businesses. I i decided to borrow some cash from my retired Dad and together with the small savings i had acquired a Kyocera Aficio Mp 2000 Photocopier and proceeded to open my own business. My main clients include , students in colleges and schools.

My Business

I run a cyber and Photocopy services at Shabab centre in Nakuru town Its a one room computer shop cum typing bureau right next to a newly built near Mount Kenya University.The university has close to 6000 students and this population is targetable businesswise.Students look for ways and means to have their study papers,proposals and even thesis' typed by experienced typists and computer bureaus.Since i have polished my skills with the necessary knowledge i have an increasing number of clients,especially the student population and lecturers,most of whom know little about computer packages and prefer giving the work to someone else. I pay 3000 kshs (30$) for rent and 4$ for electricity per month.I make an average of 100$ a month from typing and thesis binding work in a month.I have not employed anyone but do this work myself.It is my vision to increase my equipment by adding more paper for printing and a photocopy machine

Loan Proposal

I would like to purchase a laminating machine for my computer shop and to add some printing paper in it too. A laminating machine costs approximately 60$ but I have paid halfway for one and will buy it at 30 $.
I will also use 20$ to buy plain photocopy and printing paper. I have been having a printer and will add another one later on in the year. However, the current demand of students needs at least an additional 20$ of plain paper, approximately 5 rims of 500 A4 sheets in each rim. That’s 2500 A4 plain papers.This should meet the demand.
I will buy a hardy stapler and a binding machine that costs 33$ and add stationery such as pens, blank CDs and plastic bag folders which are common with the university students. These additions should make me a good profit.
When I type and print on plain paper I usually charge 30 Kshs per paper I print, that’s approximately 30US cents per page. So for 2500 plain A$ papers I should be able to make a profit of around 5,000 kshs (55$) per week.
I will bind proposals at 10$ per 100 to 200 page proposal.
This should enable me pay the loan and safely reinvest my proceeds in the computer shop, eventually being able to purchase an additional computer with the increased proceeds

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$268.40

Date disbursed

Jan 27, 2015

Repayment status

Late

Projected term

65 months

Cost to entrepreneur

Lender interest: $268.40 at 7.09% annual rate over 65 months = $102.36

Service fee: $268.40 at 5% annual rate over 65 months = $72.19

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