Loan to buy more desktops in my cybercafe

Solomon

Nairobi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Solomon

Member since

June 2015

On-time repayments

184 installments • 33%

About Me

I was born and brought up in Makueni,one of the dry places in Kenya, in 1991,went to day school primary, secondary school and currently at the university of Nairobi in my 4th year. since my childhood i had interest in business and after high school i started a unisex kinyozi in the nearest market centre. I later moved to university,opened up to new business ideas which i however could not venture into due to limited capital. In my third year i teamed up with one of my friend and started a cyber cafe which also is not up to the standards we had in mind due to inadequate capital.

My Business

I provide Internet services in my business. The business is near a school hence most of my customers are students who need Internet to do research and also for recreation. I chose to venture into this type of business since there was ready customers and i had interest in it . However, i plan to expand the business include printing and photocopying services as well . The net income for the business per month ranges between ksh 10000 to ksh 15000 and i use it sustain myself in school and some goes back to the business.

Loan Proposal

The loan is intended to buy two extra desktops in my cybercafe. The high number of customers nowadays im getting in my business are not well served by the twelve desktops i have, i therefore would like to increase them to fourteen. This will ensure i improve efficiency in my business. The two desktops will cost 500$.