Loan to expand my laptop and eletronics business
Alex
Naari, Kenya
100% repaid
Entrepreneur
Name
Alex
Member since
April 2014
On-time repayments
259 installments • 55%
About Me
My name is Alex murithi. I am a young Kenyan graduate from Chuka University class of 2015 November. I come from a humble family of 3 siblings .Thanks for taking your time to read through my Zidisha profile, apart from studies I have always had a passion for business.
I have always been passionate in changing and expanding the mindset of young people towards entrepreneurship. The types of business I do include freelance writing and forex trading.
I have been in these businesses since I joined college and they have helped me to cater for my expenses as well as pay school fees for my younger sibling.
Having gained some good wealth of experience, I do train, mentor, employ young people interested to join these type of business and any other online jobs I have knowledge about. The reason I have ventured in business is due to the high rate of unemployment in Kenya. I therefore decided to take lead in investing time in learning skills in these online jobs that can make me self-independent . Some of my hobbies include reading, networking, swimming, travelling and writing articles. I am sure we can tackle the unemployment rate in our country by teaching young people to work online and I wish to train as many as possible youths to earn some income from these exciting online ventures.
My Business
My two major sources of income come from my Forex trading business and freelance writing. I also run some transport/logistics business aside. I trade stocks and indices as well as offer my writing skills to companies and individuals in need of content. Apart from doing these I also train, mentor and employ young people ready to learn the above named skills. I am currently running these Trainings and mentorship programs under my platform known as Brains With Concepts. My main aim is to encourage youths to solve unemployment through entrepreneurship through learning skills such as content curation and trading currencies and stocks.
I have been doing the training part time, but now I want to do regular training and recruit more youths into entrepreneurship. These services are on high demand because of the high unemployment rate among graduates in Kenya. Costs incurred during my training sessions include hiring a standard conference room, hiring presentation gadgets and payment of some trainers I invite during my meetings. These may total up to 700$ for a session that may take 1 week. I charge 100$-200$ for these workshops inclusive of a mentorship package we offer to the trainees where we guide them untill they are able to make consistent income using the skills learnt. I use the profits in paying office bills, enrolling for other courses to sharpen my skills and re investing in other offline ventures.
Loan Proposal
When I am fully funded in this loan, I am planning to use 300$ and top up with some part of my savings to buy some laptops for my business. After that, 100$ will be used to buy 10 laptop chargers, 10 flash disks and 10 keyboard mouse. These accessories are the most selling because students need them for saving their assignments. 40$ will be used to rent and furnish a shop where I will be selling my goods from, this is a one month rent in my local university market. The remaining 22$ will be used in making posters that will market my business around the university locality. As the business picks I also intend to use local media like the university radio and local school magazines to advertise my laptops and accessories. In the near future I would also like to start up computer training classes for those who do not know how to use them before selling them one so that we enlighten the whole society at large with the changing technology. The profits accrued from my business will be of much help in clearing my final year fees in school and make my Business dreams come true, I humbly request you my lenders to make my dreams come true. Your support will be very helpful to me because it will help me at large. Thanks in advance.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$463.00
Date disbursed
Sep 11, 2014
Repayment status
On Time
Projected term
11 months
Lenders
Raanana, Israel
Logan, United States
Groningen, Netherlands
utrecht, Netherlands
Germany
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