Loan to buy a workstation computer

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

if zidisha community sees me worth to support and extend their loan to me, I am planning to get one more strong computer for workstation (main control station) tasks, this is because the current main control sometimes breaks down due to its low performance compared with the workload it serves. this will mean substituting the currently used as main control machine to a client machine.

* i will buy 1 more strong computer costing 167.25 us dollars of which i have already raised 68 us-dollars, this computer will increase my weekly income with approximately 38 dollars per week.

if the loan is granted it will be a God sent blessing to me to accelerate achievement of my dreams faster than expected. this will help me raise enough capital for the development of my computer college in the year 2015. i hope you will consider my request and enable me actualize my year 2015 goals. may God bless zidisha community.

Feedback

4

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.16

Date disbursed

Jan 9, 2015

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Lender interest: $100.16 at 5.99% annual rate over 2 months = $1.19

Service fee: $0.74

Lenders

Tuomas

Helsinki, Finland

Straetman

Kaarst, Germany

J

jozua

Delft, Netherlands

K

Kerkeslager

Richmond, United States

A

AlethiaLtd

Carlisle, United Kingdom

A

argentpepper

Boston, United States

W

world

Kansas City, United States

W

Withnail

Reading, United Kingdom

Godsglory1

Santa Cruz, United States

L

louisela

Eugene, Oregon, United States

J

Jemilla

London, United Kingdom

J

jrtregurtha

Ridgefield, United States

McJulio

New Jersey, United States

J

JacobvdW

Netherlands

KM

Kirsty M

United Kingdom

Matt B

Stratford Upon Avon, United Kingdom

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  • Francis Maweu    May 6, 2020

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

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  • Francis Maweu    Jan 31, 2020

    business so down cant manage to pay huge amounts

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  • Francis Maweu    Oct 23, 2019

    Business is down

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  • Francis Maweu    Aug 13, 2019

    the business is down

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  • Francis Maweu    Jul 1, 2019

    Currently am financially strained business is down

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  • Francis Maweu    Apr 28, 2019

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

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  • Francis Maweu    Mar 3, 2019

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

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  • 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

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  • Dama Wanje    Dec 30, 2018

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

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  • 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.

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  • 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,.

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  • Francis Maweu    Nov 14, 2018

    Business is going up as efficiency has been realized

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  • 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.

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  • Francis Maweu    Sep 25, 2018

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

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  • Francis Maweu    Sep 8, 2018

    business is down here but hope things will change soon

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  • 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.

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  • Francis Maweu    May 11, 2018

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

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  • 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.

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  • 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.

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  • 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.

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