Entrepreneur
Name
Moses
Member since
September 2013
On-time repayments
67 installments • 9%
About Me
The urban centre has thrived in the last six years after the post election violence emerging as a favourite re-settlement location for the internally displaced people.
As a family settled in the location since 2008, we have been keen at doing business in Barnabas, culminating in our establishing of an IT training centre which we intend to grow to prosperity.
My Business
Considering that the closest other IT training institution is located in Nakuru town, about 10 kilometers away, I thought it important to establish a computer college at Barnabas. I actualized this idea in July 2013 when Digital Pals Computer College opened its doors to offer competitive computer courses in tandem with the current crave for computer skills training occuring both locally and nationally. Currently, we have 8 computers and 11 students within 2 months of starting operations.
Presently there in need for us to install internet service for us to be able to offer internet related courses. The installation will open the college to a wider scope of content coverage and allow increase in enrollment and in effect more profitability.
Complete installation costs stand at Kshs. 24,000 (USD300). I have Kshs.16,000 (USD200) and need Kshs. 8,000 to be able to conduct the exercise.
I am certain that this service addition will augment our scope in getting more students and in effect translate to more profits.
Loan Proposal
My computer training business is growing and the beginning of year 2014 is seeing increased enrollment. In the first week after opening, we have registered 8 new students. This necessitates the need for purchase of more computers. I am intending to purchase 3 used desktops to add to the 7 that I already have. This will remove the inconvenience of students having to share a computer.
The cost for each stands at KES. 16,000 thus the three additional computers will cost KES. 48,000. From the proceeds paid by the new students, I have raised KES. 22,000 in addition to KES.5,000 for overhead costs for transport, software and installation. To enable me purchase them, I am therefore requesting for KES. 26,000. Thank you!
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Loan Info
Project Type
Classic Loan
Disbursed amount
$306.00
Date disbursed
Jan 12, 2014
Repayment status
On Time
Projected term
14 months
Other loans
Lenders
Wellington, New Zealand
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