Loan to acquire computers for 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

its with unexplainable joy to have had accessed my first loan which opened flood gates of success in my business. as a matter of fact due to the efficiency of resulting from acquisition of the strong server computer, my income has tremendously risen. this has enabled me realize my 2015 dream to some extend("opening a computer college") be a reality rather than a dream. as a matter of fact, i have already admitted 15 students since early march and am getting more interested aspirants whom i have been forced to request them to wait till we acquire more computer to accommodate them. so this blessing has come with the challenge of my holding capacity. this makes me call the Zidisha community to give an hand of help.
the total expansion is budgeted at $900
break down of expenditure
$400- purchase of computers.
$200 furniture
$100 electricity appliances(electrical wires, socket and net cables)
$100 acquisition of license, stationery and textbooks e.t.c.
$100 branding, advertisement and installation - labor
of which i have been able to raise $450 and still working out ways on how to raise the balance. i hereby appeal to zidisha community to atleast assist me in raising the capital and assure the community that i will maintain a good repayment schedule as i have done with the past.
i hope zidisha members will listen to my cry.

Feedback

4

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$427.26

Date disbursed

Apr 1, 2015

Repayment status

On Time

Projected term

10 months

Cost to entrepreneur

Service fee: $15.97

Lenders

Kjartan

Oslo, Norway

DoctorSnuggles

Lemmer, Netherlands

mithril

Prague, Czech Republic

W

WinWinNL

The Hague, Netherlands

T

thebonseung

Republic of Korea

Paul Buchheit

Mountain View, United States

lyalljellyman

Wellington, New Zealand

melissapmeier

United States

Kyle Hoback

Jersey City, NJ, United States

Alberto Cereser

Copenhagen, Denmark

MW

Matt Willis

United States

PC

Patrick Clavette

Hartford, Wisconsin, United States

V

Vivek

Arlington, VA, United States

Ask Francis a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Please log in to comment.

  • Francis Maweu    May 6, 2020

    the corona virus has seriopusly hit my business... am struggling for survival

    Log in to reply • Share
  • Francis Maweu    Jan 31, 2020

    business so down cant manage to pay huge amounts

    Log in to reply • Share
  • Francis Maweu    Oct 23, 2019

    Business is down

    Log in to reply • Share
  • Francis Maweu    Aug 13, 2019

    the business is down

    Log in to reply • Share
  • Francis Maweu    Jul 1, 2019

    Currently am financially strained business is down

    Log in to reply • Share
  • Francis Maweu    Apr 28, 2019

    am pressed down by school fees thus cannot manage to pay high amounts.

    Log in to reply • Share
  • Francis Maweu    Mar 3, 2019

    Currently am paying fees for my wife and siblings thus unable to pay timely

    Log in to reply • Share
  • Dama Wanje    Feb 3, 2019

    Francis Maweu has given excuses as to why he didn't pay but now assured that he will clear the debt

    Log in to reply • Share
  • Dama Wanje    Dec 30, 2018

    Francis Maweu has said that he is going to repay by next week

    Log in to reply • Share
  • Francis Maweu    Dec 4, 2018

    thanks greatly for accepting and being ready to assist i am planning to buy a commercial printer/copier to increase efficiency which greatly increase my gross daily income.

    be assured your money will be invested in a worthwhile venture.

    Log in to reply • Share
  • Francis Maweu    Nov 28, 2018

    the loan enabled me to add more computers in my college, further more i managed to buy a tripond, digital Camera and a camcorder. this has promoted my services even though demand for the has not been that good. however i have seen my weekly revenue grow with almost ksh. 2,000 a week. it has been of great help and hope in future thing will continue being better and better,.

    Log in to reply • Share
  • Francis Maweu    Nov 14, 2018

    Business is going up as efficiency has been realized

    Log in to reply • Share
  • Francis Maweu    Nov 10, 2018

    to this far, Zidisha has nade me a stable business person,,,, despite taking too long to update on the progress, on note form i managed to change the outlook of my premises, constructed a shade along the verandah, (u can compare with the first pictures), diversified to gas vendoring, My money agency still doing good and also managed to buy a new photo printer epson px 660 for efficiency delivery of my services. may zidisha live long. see images of the current business premises.

    Log in to reply • Share
  • Francis Maweu    Sep 25, 2018

    i am through with certain upgrading and am optimistic that business will respond positively

    Log in to reply • Share
  • Francis Maweu    Sep 8, 2018

    business is down here but hope things will change soon

    Log in to reply • Share
  • Francis Maweu    Jul 20, 2018

    of recent my business has bee good but had some financial emergencies and thus was unable to repay the anticipated amount on time. i will therefore reduce installment for utmost 5 installments to regain my financial position then pick up again from there.

    Log in to reply • Share
  • Francis Maweu    May 11, 2018

    business has started to depict increased income thus feel i should increase my installment.

    Log in to reply • Share
  • Francis Maweu    Oct 21, 2017

    due to current political state in Kenya businesses generally are not doing well. so i am not able to get the stated amount but this wont last for long. so i opt to reduce atleast to manage without much strain.

    Log in to reply • Share
  • Francis Maweu    Jul 10, 2017

    I diversified my ventures to acquisition of a pool table thus being able to pay more than my weekly contribution.

    Log in to reply • Share
  • Francis Maweu    Nov 20, 2016

    dear lenders I received the whole loan amount,however Ihave not yet started operations. I ordered for the camera and its yet to be delivered. I am expecting to get it soon and my new business starts to operate. I humbly request your tolerance and understanding.

    Log in to reply • Share


Loading...

Loading...

Loading...