Loan for scaling operations to maximise business outcome

Gift

Kilifi, Kenya

Funds disbursed

$0 to go

100% funded of $14 goal

0

days left

Entrepreneur

Name

Gift

Member since

February 2018

On-time repayments

7 installments  •  43%

About Me

Growing up as a child,life was not that easy. I was raised in humble background where everything purchased under huge cash seemed so foreign and baffling. life was not that easy. My parents used to wake me up every morning,prepare me for school,just barefoot,several miles away. I could leave them at home,as they went on their daily casual jobs where darkness brought us together after a very long tough day. Seeing how my parents were really struggling to bring something on the table,it really gave me self motivation and new that the only way of leaving that miserable life behind is through working hard at school with self set ambitions,motives and visions. It was during my high school years when i tried to sell home made pancakes to my fellow students. Suprisingly,the pancakes were the student favorite and hence the business boomed beyond my expectations. That's when i realized i had an enteprenual mind and that a very bright startup can span into a large business. While in the university i opened a cyber cafe with a single laptop and an old deskjet printer. I sold notes to students,charged them when they accessed the internet and helped them type their assignments. Through that,i managed to buy a whole desktop st and opened a full operational semi-modern cyber cafe. That rapid expansion could not have been easy if the area of establishment couldn't be so peaceful. Kilifi is a very nice place to establish your startup due to the influx of middle class families and students.It is also a tourist town hence any startup in IT services are highly profitable.
During my free time,i like to attend to community based development projects and also visit local schools. I also enjoy swimming with friend and very long nature walks.

My Business

My business is an IT based venture where i specialize in Internet Of Things (IoT). I design websites,manages blogs and sell web based domains. I also offer internet training to starters on computer packages and general computer literacy. I design apps and sell them on google store. The business is growing and in need of expansion to acomodate the growing demand of my services. i chose to invest on internet startup company due to high demand of tech services and high digital literacy among the larger Kenyan youth population. Aside from clearing with local authorities,i also icur power charges and rental space. The revenue generated is quite not bad as compared to the costs. I use my profits to plough back into the business and also home based developments as i am also venturing in agri-business.

Loan Proposal

I am in need of this loan so that i may modernize operations to a simple digital platform that is well understood by my clients.The purpose of the loan is simply to fill a minimal deficit in my operational budget. I will use this loan product effectively and ensure it offers maximum benefits in the long run

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$14.00

Date disbursed

Mar 21, 2018

Repayment status

Late

Projected term

4 weeks

Other loans

Lenders

MarktheMormon

Sandy, Utah, United States

RM

Roddy Murray

United Kingdom

SB

Stephen B

United States

B

bea

Australia

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