Inventory of CDs, Flash Discs, and Photocopy items for Cyber Cafe
Nyandege
Nakuru, Kenya
100% repaid
Entrepreneur
Name
Nyandege
Member since
January 2015
On-time repayments
100 installments • 47%
About Me
I am Clive o Nyandege. I was born as third born of eight members. Growing up in such a family was really a struggle financially. I indeed had to struggle going to school, leave alone having traveled for 12 km loan fro school without lunch in most cases.However since i had a very burning ambition to study smart and get myself and my children out of such struggles; i passed my examinations and joined university and now working as a high school teacher.Although i work still; the challenges linger in mind. This has prompted me to start a business ; cyber cafe which now supplements my total earnings.The cost of running it are relatively reasonable with much going to an employee and internet provider and electricity.Most of my earning goes into paying for my children's fees after paying the running costs.My children would like to be ; a lawyer, journalist and doctor.
My Business
First of all i am a professional high school teacher. My business is a cyber cafe.My business has employed one attendant. I pay a rent for the business of about ksh 10000. The attendant earns ksh.5000. I need additional funding to enable me stock some soft drinks i.e water and soda, milk among many so as my customers can access them as the are being served. Also i could like to stock blank cds and flash discs which are usually needed by the same customers.I have a big dream; to grow in the business and if possible employ over 100 employees.I would like to grow and actually expand my business as i said earlier to absorb many employees. In my application i would like to apply for a loan amount that will enable me increase my capital base. I wish to buy 5 (2gb ) flash discs at about 2500ksh. 100 printable Cds at a cost of 2000ksh and some 2dozens of 300mm drinking water at a cost of 720 sh.I hope this will boost by business a lot.
Loan Proposal
As already indicated i will like to have the loan to enable me gradually stock some soft drinks in my cyber cafe business. The drinks include soda,mineral water, milk some juices for a cost of 90& .This has been facilitated by frequent requests by my various but different customers. This is likely to increase my total profit by about 20&.At the same time i could like to buy more computers for expansion of the business.I will also gradually wish to buy a photocopier because with time the business needs to harness the steady growing demands from my clients .
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Feb 12, 2015
Repayment status
On Time
Projected term
8 weeks
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