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

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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.

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Summary

Amount repaid

$448.62

Amount remaining

$0.00

Date repaid

Jan 26, 2016

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Apr 12, 2015 $32.03 Apr 18, 2015 $32.03
Apr 19, 2015 $0.19 Apr 18, 2015 $0.19
Apr 26, 2015 $5.56 Apr 25, 2015 $5.56
May 3, 2015 $5.56 May 5, 2015 $5.56
May 10, 2015 $5.56 May 11, 2015 $5.56
May 17, 2015 $5.56 May 19, 2015 $5.56
May 24, 2015 $5.56 May 25, 2015 $5.56
May 31, 2015 $5.56 Jun 6, 2015 $5.56
Jun 7, 2015 $5.56 Jun 6, 2015 $5.56
Jun 14, 2015 $11.11 Jun 20, 2015 $11.11
Jun 21, 2015 $11.10 Jun 20, 2015 $11.10
Jun 28, 2015 $11.09 Jul 2, 2015 $11.09
Jul 5, 2015 $11.09 Jul 2, 2015 $0.01
Jul 4, 2015 $11.08
Jul 12, 2015 $11.09 Jul 4, 2015 $0.02
Jul 19, 2015 $11.07
Jul 19, 2015 $11.09 Jul 19, 2015 $11.09
Jul 26, 2015 $0.27 Jul 19, 2015 $0.04
Jul 23, 2015 $0.22
Aug 2, 2015 $4.44 Aug 8, 2015 $4.44
Aug 9, 2015 $4.44 Aug 10, 2015 $4.44
Aug 16, 2015 $4.44 Aug 10, 2015 $4.44
Aug 23, 2015 $4.44 Aug 10, 2015 $2.22
Aug 10, 2015 $2.22
Aug 30, 2015 $4.44 Aug 10, 2015 $2.22
Sep 6, 2015 $2.22
Sep 6, 2015 $4.44 Sep 6, 2015 $4.44
Sep 13, 2015 $4.44 Sep 17, 2015 $4.44
Sep 20, 2015 $4.44 Sep 17, 2015 $4.44
Sep 27, 2015 $4.44 Sep 17, 2015 $2.22
Oct 4, 2015 $2.22
Oct 4, 2015 $4.44 Oct 4, 2015 $4.44
Oct 11, 2015 $4.44 Oct 4, 2015 $4.44
Oct 18, 2015 $4.44 Oct 20, 2015 $4.44
Oct 25, 2015 $4.44 Oct 20, 2015 $4.44
Nov 1, 2015 $4.44 Oct 20, 2015 $2.22
Nov 8, 2015 $2.22
Nov 8, 2015 $4.44 Nov 8, 2015 $4.44
Nov 15, 2015 $4.44 Nov 8, 2015 $4.44
Nov 22, 2015 $11.11 Nov 23, 2015 $11.11
Nov 29, 2015 $11.11 Dec 7, 2015 $11.11
Dec 6, 2015 $11.11 Dec 13, 2015 $11.11
Dec 13, 2015 $11.10 Dec 13, 2015 $11.10
Dec 20, 2015 $0.00
Dec 27, 2015 $16.67 Dec 28, 2015 $16.67
Jan 3, 2016 $16.67 Jan 9, 2016 $16.67
Jan 10, 2016 $16.67 Jan 17, 2016 $16.67
Jan 17, 2016 $16.67 Jan 17, 2016 $16.67
Jan 24, 2016 $33.33 Jan 24, 2016 $33.33
Jan 31, 2016 $33.33 Jan 26, 2016 $33.33
Feb 7, 2016 $61.80 Jan 26, 2016 $61.80

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