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
Am planning to upgrade my services especially printing and photocopying in my business as the machine am using has become worn-out and thus causing lots of losses and inefficiencies. i am planning to buy a commercial copier / printer. this will boost my services and income to enable me raise fee to further my studies. there opportunity has been caused by being neighbored by Railway Training Institute and often the student requests for A3 print-outs and copies but since my machine cannot print this business is taken elsewhere. Again there is a Premier Bet shop which was opened just next to my college and they daily do A3 print-outs and other prints opening a new market opportunity for me. am projecting a increase of about 1,000 per week once this machine is acquired.
this will be a big boost and i may more likely be in a position to raise enough for my masters degree.
Feedback
Positive
4
Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,486.49
Date disbursed
Dec 7, 2018
Repayment status
Late
Projected term
22 months
Cost to entrepreneur
Service fee: $59.01
Credit risk payment:
$354.08
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