Buy color printer and add more stock to cybercafe

Peter Maina

Kitale, Kenya

7% repaid

Entrepreneur

Name

Peter Maina

Member since

December 2014

On-time repayments

249 installments  •  10%

About Me

My name is Peter Maina Ruoro.Am married and a father of one. I live in Kitale town Trans Nzoia County. I hold Diploma in Information Technology. I operate a Cyber café in the Kitale town CBD. I was initially employed as a System administrator in a company in Kitale town which was my great inspiration to starting my own business .I started this business mainly to earn a living and to be self reliant .The income I get from my business is mainly used in paying for bills,business expansion and investment.
During free time I love listening to music, reading, hiking and traveling.

My Business

My Cyber café business is located in Kitale town it deals with internet services, printing, photocopy services, and sales of computer accessories. My business generates good income in a day, which enables me to pay my assistant who we work together, rent, electricity, and other bills. I need to add more stock i.e photocopy papers,flash disks and ink cartridge i have ten computers am operating with and through this I will increase my daily income to a great deal.I also deal with software installation which add to my daily income.

Loan Proposal

I would like to thank my lenders and Zidisha community for having faith in me with the previous loan.It really bosted my business and made a big impact in my life.
When given this second loan i will buy an Epson color printer which will enable me to do color photocopy and printing at the cyber.This will increase my profit margin since the demand for this service is high.I also need the loan to add my stock of photocopy papers and flash disks since the schools will be closing next month for Easter holiday therefore it will be peak time for my business since there is high demand of photocopying exams and printing of assignments.
The profits i get from this venture i will use it to pay fees for my daughter,pay my bills and the rest i reinvest.
By adding a color printer plus the stock i expect my profits to increase by 30%.
My estimated budget is as follows:
Epson colour printer = ksh 25,000/=
photocopy papers = @400 x 10 = ksh4000/=
Flash disks = @ 500 x 7 = ksh2100/=
Thank you once more.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$361.91

Date disbursed

Apr 7, 2015

Repayment status

Late

Projected term

78 months

Cost to entrepreneur

Service fee: $13.53

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Ask Peter 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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  • Peter Maina    Sep 29, 2019

    i want to start paying 100 per week.
    Thank you

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  • Peter Maina    Jun 27, 2019

    I can not be able to pay the amount I said earlier.

    Log in to reply • Share
  • Peter Maina    Mar 17, 2019

    I want to increase repayment to 150.

    Log in to reply • Share
  • Peter Maina    Jan 24, 2019

    I need to increase payment

    Log in to reply • Share
  • Gilbert Kibet    Jul 1, 2015

    Hello lenders,
    I have been trying to reach Peter for the past month with no success. I will keep on attempting and will keep you posted.

    Log in to reply • Share
  • Gilbert Kibet    May 31, 2015

    Greetings lenders,
    I am having challenges reaching Peter on mobile. I will still attempt and keep you posted.
    Thank you

    Log in to reply • Share
  • Jonathan Evans    May 5, 2015

    How are things Peter? What do your customers think of your new color printer? I hope your business is still doing well.
    Best wishes, Jon

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  • Collins Omondi    Apr 29, 2015

    all the best in your business

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  • Peter Maina    Apr 9, 2015

    Thankyou very much lenders and the zidisha community for the loan i have received and purchased the epson color printer and photocopy papers.With this loan i will be able to boost my business and increase the profit margin to over 30%.This will enable me to pay my zidisha loan on time and cater for my bills .

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  • Peter Maina    Mar 24, 2015

    Hi Lenders,
    Thank you for your support in my past loan , through that loan i was able to increase my profit margin to great heights.
    My business profit sales increased by 40%.
    Thank you Lenders & Zidisha family

    Log in to reply • Share
  • Ruth Mwangi    Mar 23, 2015

    Hi peter.Congrats upon completion of your loan payment.

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  • Peter Maina    Mar 17, 2015

    My cyber business is just a big success and am grateful to God and my lenders. It has worked so well with the help of the zidisha loan hence it has enabled me to pay my loan without any stress and at the same time am able to settle my bills. We are approaching high season since schools are preparing for end-term exams.I am aiming for a loan increase next loan and buy more photocopy papers and a colour printer.
    With regards Peter

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  • Dutchguy    Feb 7, 2015

    Nice to hear you are doing fine Peter! Good luck!

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  • Peter Maina    Feb 7, 2015

    I would like to take this opportunity to once more thank my Lenders and Zidisha for your support that has brought a big difference in my business,it is growing very fast. I am now set for the Mid term exams with a good stock of photocopy papers. During this period i do alot of photocopying hence require many photocopy papers.Attached is a picture of the stock.
    Regards

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  • Ruth Mwangi    Jan 27, 2015

    Thankyou for inviting me to zidisha.

    Log in to reply • Share
  • Peter Maina    Jan 8, 2015

    I appreciate my lenders and the Zidisha community for your assistance i was able to boost my business by adding stock to , i purchased stationery(photocopy papers and flash disks) and i have also purchased the ink cartridge am now well prepared for a booming back to school business this January and February.

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