78 installments • 60%
Hi, I am Sammy Karugu, been in the online writing business for the past 9 years. I deal in web content writing which is a great job with regard to the job situation in my country. I graduated from Chuka University with a degree in B.A. Economics and Sociology.
Since I graduated, I have been involved in a couple of things with friends and different organizations. It is through these involvements that I have been able to earn skills in Air Conditioners' installations as well as structured cabling installations and laying of other IT related infrastructure.
Having learnt about the Air Conditioners installation, structured cabling & fiber installations, and having established a couple of networks, I am confident I will get business and will be the new norm for me. I will have a new way of complementing my online writing gig and get some more money to venture into new business or grow this new business.
Why my products move?
Since many business in the country are embracing technology, a local area network is mandatory which means they will need my structured cabling services or fiber installation. As we all know, internet is all you need to get the technology you need. With this in mind and having met and interacted with the right people and contractors, I will get a couple of sub-contracting businesses from time to time.
What I currently need is typically a tool box. I need 2 hand drills, a few spanners and drill bits. these will cost me about 60,000 Kenyan Shillings but with a loan from you guys and savings I believe I will be good to go.
With a job worth about 20,000 Kenyan Shillings, my expenses will be about 60% and the rest will be profit which I will use to repay my loan here and in the long run I will be able to re-invest in the business and buy more tools and built capacity to the level I will be able to cater to a whole contract worth hundreds of thousands if not millions.
With this loan, I will buy more flashdrives, laptop skins and all stickers for my business. This will satisfy the high demand am facing for these products from my friends and college mates. The profit margins are pretty good and the $130 I get as loan will be of great significance having in mind that one laptop skins goes for $6 and flashdrives go for $6 to $12.
Consider me for this and be sure that I will not disappoint, I promise to come up with a success story on this first loan and somethings greater for subsequent loans I get from this platform.
Aug 11, 2014
Cost to entrepreneur
Lender interest: $150.52 at 9.46% annual rate over 3 months = $3.83
Service fee: $1.45