Loan for expansion of my computer college
Francis Maweu
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Francis Maweu
Member since
December 2014
On-time repayments
286 installments • 67%
About Me
i am 25 years old, God fearing, humble, intelligent and hardworking gentleman. currently, i graduated in December 2015 and was conferred a bachelors degree in economics from Technical university of Kenya.
i have always tried my best to achieve the best and so far i have something to smile and keep myself smiling always. since my childhood i have been enterprising. i used to rear rabbits & chicken to cater for my needs and supplement my mums' efforts in raising fee. it was a challenge but i have ever remained focused as am sure that, wherever there is will, there is way. today i appreciate zidisha as it has made me to grow in business thus making my life more easy to face financial challenges. something which really amuses me about my people is ego-centrism and very stubborn to help even if they see potential in you. its something which i never like and wish they could change and support young talents.
i am fond of learning tradition and spent most of my leisure time visiting and sharing with the aged in my community.
My Business
as stated above, i started venturing in business since childhood. after my form four(2009) i started doing photography, and after a year, i upgraded to video shooting. it has been successful story and up-to date I also provide these services. fortunately, i have been saving since then, at the same time paying for my fee.
in the year 2013 December, i managed to open a cybercafe. however, due to its high demand for capital it has been serious challenge of getting funds for expansion, considering i solely depend on it for paying for my fee and upkeep expenses. my services are experiencing upward trend especially during this time when transition from analog to digital is "picking" in my country Kenya.
i like the business because it involves acquisition of fixed assets and thereby no risk of getting losses due to perish-ability. again it personally helps me in getting information especially for my degree course. the revenue earned is usually spent for school fee and business expansion. due to the high demand of my customers am forced to add the number of computers in my cyber. this has been caused by the quality services i offer to them almost beating all my competitors.
i am pressured by this demand and wish i could get some backup at-least to raise additional income for expansion. I usually have yearly targets. For the year 2015 u assisted me start and run my computer college.
This year I am planning to raise the notch higher and start training video coverage and photography. I believe u will be supportive as ever.
Loan Proposal
I intend to diversify my portfolio from basic computer training to also train in video and photography. therefore i will upgrade from my small Sony camcorder to a professional video camera and a professional still digital camera. This will enable me to employ more and take advantage of the changing lifestyle of Kenyans of covering events like weddings, and birthday parts among others.
the budgeted cost include
1. professional video camera - $1200
2. professional digital steel camera - $500
3. tripod - $300
Total $2,000.
of this total i have managed to save around $800 and thus call for zidisha to help me realize my 2016 goal. i.e professionalizing my video& photography work. I am sure you will help me as you have done previously.
ths apart from training my fellow youths n how to cover events it will also increase my income by approximately $350 monthly as i will be offering such coverage at fee.
Looking forward for your support in this noble mission.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,289.79
Date disbursed
Oct 27, 2016
Repayment status
On Time
Projected term
27 months
Cost to entrepreneur
Service fee: $48.99
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