Modem for my cybercafe

Jotham

Karatina, Kenya

100% repaid

Entrepreneur

Name

Jotham

Member since

March 2017

On-time repayments

33 installments  •  18%

About Me

I am Jotham Mokoi, a recent graduate of Karatina University.
I was born back in the year 1994 in a family of seven siblings and I being the firstborn son to the family. I have one brother and five sisters and all of them are schooling. Two sisters are at University level and the rest at the primary level.
In my primary education, I attended a village private school and later on proceeded to a village secondary school as there were no funds that would enable me to join a school of my choice. I worked had and later after my Kenya Certificate of Secondary Education, I joined Karatina University in Central parts of Kenya.
While at campus life became so challenging that I would not meet my day to day needs and I even opted to differ my studies. I went to a nearby construction site and requested any job. The foreman in good faith offered me a job of ensuring the construction site was clean all through. The job boosted me all through my campus life as I would report to work every day when I had no classes even including night hours. I also raised fees from the small salary that I received.
Upon completion of my third academic year, I decided to start a small computer shop from the little savings that I had made. Fortunately, students became my immediate customers and they also attracted other area residents and the business picked up well.
In my community, people do believe that once one is out of campus, he/she should immediately be seated somewhere in a big office served by a secretary and so on. This tends to draw their attention more to a graduate doing business rather than sitting in an office.
I love computing and thus I do enjoy it a lot when in this business.

My Business

In my shop, I deal with glass and glazing services.I sell all types of building glass and I do make Home Aquariums. Glasses being part of basic needs in the society, I get most of my clients by visiting building sites where I sell and fix glass.
I chose this kind of business because Glasses form part of the basic needs since they complete the shelter function. I felt it nice to be providing basic needs to my society.
Per month I do spend 130 dollars for rent and 1500 dollars for purchases and transportation.
On a busy month, I make profits amounting to 700 dollars exclusive of all expenses.
While at the campus I would use some portion of the profits to clear my tuition fees. Recently and now that am out of campus I do use some portion of the profits to finance tuition fees for my siblings, meet my day-to-day needs and also use the remaining part in re-investing into my business.

Loan Proposal

I will use the loan to buy a modem for my business. This will help me serve my customers with fast internet as there are many who demand the internet services. This will help increase my profits by 15%.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$19.00

Date disbursed

Feb 17, 2018

Repayment status

On Time

Projected term

1 week

Lenders

Jonathan Ely

Aldershot, United Kingdom

Stefan Koshold

Mülheim, Germany

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  • Jotham    Jun 5, 2022

    Thank you my lenders, I was avle to buy silicone for my glass project.

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  • Jotham    May 27, 2022

    I received my loan amount of 997 KES . I will use the loan to buy silicon for my glass installation project. Thank you for support.

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  • Jotham    May 27, 2022

    The loan helped me complete my glass installation project. Thank you my lenders for supporting my project.

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  • Jotham    May 26, 2022

    I received my loan of Kshs 564. I will purchase more items for my glass business. Thank you for supporting my project.

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  • Jotham    Feb 13, 2021

    I used my previous loan to add stock to my business. The purchases increased my profits by 30% which I invested back into the business. With the increased profits, I was able to add glass business in the shop. I now make home aquariums.

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  • Lydiah    Sep 1, 2018

    He is organizing for the payment

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  • Jotham    Feb 18, 2018

    Hallo my lenders. I received my loan amount of 20 dollars. I have bought a modem for my Cyber cafe business.
    Thank you for the loan.

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  • Jotham    Feb 16, 2018

    thank you my lenders for accepting my loan request

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  • Jotham    Oct 15, 2017

    Thank you my lenders.

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  • Jotham    Oct 8, 2017

    Hallo my lenders, am sorry I got out of touch due to some few challenges but am back. My sales had reduced drastically due to the political temperatures but thwy are soon picking.

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  • Jotham    Mar 18, 2017

    I will buy a solar for my poultry project so that I can have sufficient lighting for the hens incase of darkness. This loan will help improve my production and I will be able to meet all my production costs efficiently.
    Thank you my lenders for the loan.

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