M-pesa mobile phone payment service

Esther Wambugu

Githurai, Kenya

7% repaid

Entrepreneur

Name

Esther Wambugu

Member since

November 2013

On-time repayments

25 installments  •  48%

About Me

I believe in hard-work and that hard-work pays.The education I received has been very useful in my day to day life especially in the running of my business. I come from a family of six and we all engage in business. I have plans of getting married very soon hence I have to pull up my socks and fend for my family.My dad trades in stock while my mum is in the agriculture business. I on the other hand deal in running computer cyber cafe. I have IT skills thus running the cyber cafe is easy and sometimes local business calls me to offer them technical support at fee. I intend to expand and offer training services to the local people.

My Business

My business is called Zetech cyber cafe and is based in Githurai Mwihoko and it has been in operation for the last one year. I personal manage my business but I have personal assistance who assists in the day to day activities of the business. My business involves offering internet services, printing services, photocopy services , photography and selling of stationary. Mwihoko is a growing place hence demand for internet services also the fact that Kenya is going digital thus demand for the services is high hence also demand for computer training is high because the computer training services is at Githurai which is approximately 6 KM. My business has challenges of making satisfying all the customers needs more so those who are interested in the computer training because most of everything in kenya is computerised. Outsourced technical support by other business net sales per month is approximately Kshs 5 which I save for expansion hence will be used to repay the Zidisha Loan to allow the cybercafe business grow. The computer cyber cafe average monthly sales is Kshs 58000 and the monthly average expenses is Kshs 47000 hence the average monthly profit is Kshs 11 000.

Loan Proposal

My cyber business has been growing step by step throughout the support of Zidisha community through accessing loan and also technical support whereby currently apart from offering cyber cafe services am also offering proffessional photography services and also the business will be offering money transfer services whereby the capital float will be Kshs 40000, purchase of mobile lines for resale is kshs 10000 and mobile airtime for kshs 12000. Revenue generated from cyber cafe and photography will be used to repay the loan and I will also update the Zidisha community with the progress of the business. Kindly Zidisha lenders consider investing in my business and I will not disappoint you.

Feedback

4

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Loan Info

Project Type

Classic Loan

Disbursed amount

$594.48

Date disbursed

Mar 19, 2014

Repayment status

Late

Projected term

3 months

Cost to entrepreneur

Lender interest: $594.48 at 6.56% annual rate over 3 months = $10.50

Service fee: $5.66

Lenders

BM

Benedicte Monroe

Sarasota// Phnom Penh, United States

investor

Candiac, Canada

evinpa

United States

W

Walekkelson

Brisbane, Australia

S

Shadrax

Lansing, United States

F

florian

Mettmenstetten, Switzerland

MM

Mollie Milesi

Jeruslem, Israel

M

Mårten

Inden, Switzerland

D

davide

Vallentuna, Sweden

Namaste250

Pittsford, United States

G

GrandmaMae

Wausau, United States

joaoferraz

RINCHOA, Portugal

Jason

Auckland, New Zealand

dougdo

Seattle, United States

V

Volpone

Geneva, Switzerland

xtrahardware

Cazenovia, United States

Richard Griebe

La Jolla, United States

Games4Charities

Rochester, United States

Sirko

Brandenburg An Der Havel, Germany

G

GreenMoney

Lahr, Germany

pvilliger

Zurich, Switzerland

W

WWGaussDo

United States

S

steffanwilliams

United Kingdom

S

slothsonaplane

United States

A

andcoll

United States

D

dreeves

United States

A

amanagrawal

United States

Ask Esther a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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