Laminator and binding machine for my cybercafe

Samuel

Morako Village, Kenya

100% repaid

Entrepreneur

Name

Samuel

Member since

June 2014

On-time repayments

25 installments  •  64%

About Me

I was born in the year 1989 second born in a family of five. I went to Eronge Adventist Primary where I was successful to proceed to Kanyawanga High school where Idid my KCSE and proceeded to Egerton University for a Bachelor Degree in Commerce. After campus I went as usual from office to office in order to secure an opportunity but in vain. After taking much time in looking for employment I decided that I can do something, I therefore engaged in farming of Bananas, Hens and maize which has served me well for the past 2 years. The farming business was a success and I decided to diversify and I opened I cyber cafe in Manga town Nyamira county which to date is still flourishing and has got great acceptance from the locals because no cyber had been there meaning that you had to move to the next town around 10km away to get photocopy, printing and internet services. Therefore I now plan to expand the business and make it fully equipped with scanners, binders, laminators, - complete stationers

Must be grateful to God and the people who have contributed to my success so far and will still welcome support from all interested stakeholders.

My Business

I am in farming and Technology business, whereby in farming I plant bananas for sale because of there resistant to drought,I also keep hens currently 95 of them especially layers where I get an average of 62 eggs per day and supply to the local shops, planning to reach a target of 500 hens this year and also have 350 broilers. Also do plant maize as a food crop and also sell part of it.
In technology business I offer Photocopying, printing, designing and internet services. I therefore strongly believe that your assistance will help me acquire more materials to expand the business.

I acquired a loan from Zidisha which was repaid in full, I managed to add two more computers , still my target of 5 computers not reached with the loan and some additional personal savings, therefore still appealing for more support.

Loan Proposal

Once I get the loan I will have to acquire a laminator and binding machines for laminating and also binding books and pamphlets this is because the services are currently unavailable around the locality. Binding is Kshs 50 per document and lamination is Kshs 50 per one A4 size document. I have currently estimated the number of customers asking for that service to be average 5 per day, which translates to Kshs 250 per day that can be got from the lamination and binding alone. One laminator machine cost Kshs 7000 and binder Kshs 5000.
The support will be a great boost because as a young entrepreneur it is a challenge to meet the full cost at once not forgetting to cope up with competition that may arise

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Jul 10, 2014

Repayment status

On Time

Projected term

7 weeks

Lenders

C

cjmenchaca

Austin, United States

H

howard

Vence, France

Sarasota

Sarasota, Fl, United States

H

hixeu

Belgium

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