Johnson Ndegwa

Gilgil, Kenya

100% repaid

Entrepreneur

Name

Johnson Ndegwa

Member since

June 2011

On-time repayments

96 installments  •  51%

About Me

I am a focused, hardworking Kenyan citizen man aged 28 Years, single and a holder of national diploma in computer science. In addition to this i have acquired professional certification courses in Information Technology from KASNEB in Kenya and several certifications in the information technology field.
After graduating from college, formal employment was not forthcoming and this gave me a big challenge to start my business. I also wanted to enlighten the youths and the general younger generation in my area about Information Technology Skills and how they can use them to fight poverty hence reducing crime and contributing to the national economy.

My Business

I run a computer business providing various services to the local community.The services provided by my business includes all Cybercafe services i.e Photocopy, Internet services, online filling of government forms,Scanning and printing. I also offer Information technology training where i impart the local community with computer skills. I also repair computers mainly for schools in the entire region and also offer consultancy services pertaining to information technology.
Many customers in the area prefer my business because i offer affordable services to them as my business is aim is to serve the society and profits comes second. My business offer professional services to the customers hence my products and services are always in great demand. Currently i have a pool of three energetic, highly skilled employees who assist me to run my business.
The major risk my business faces is high cost of doing business in Kenya, starting with very high electricity costs and rising house rents. In addition to this the cost of consumable products have gone high thus reducing the profit margin of my business.
The operating expenditure of this business is approximately Kshs 40,000 per Month, with a generating revenue/income of Kshs 82,000 per month.

Loan Proposal

My first loan installment of Kes 86,334 enabled me to expand my business. Now that i have expanded my business with the first loan that i was offered, i am planning to utilize this second loan to expand my business even further. Initially i have been dwelling most in offering Information technology services in my business, but due to demand and towards satisfying my customers and community as a whole i am intending to start selling Information technology products and accessories, this include, all types of computers, software development and other accessories. This will call for about Kes 300,000, but out of this i have managed to save at least Kes 100,000. I intend to add this amount of money to the loan money that will be extended to me by the Zidisha community as this will make my plans a reality. Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$2,409.07

Date disbursed

Oct 14, 2012

Repayment status

On Time

Projected term

12 months

Cost to entrepreneur

Lender interest: $2,409.07 at 1.92% annual rate over 12 months = $46.38

Service fee: $84.27

Lenders

joerg

Berlin, Germany

C

CWS

Huntington beach, ca, United States

Brian

Midhurst, Canada

Honey

Sydney, Australia

D

Debock

Dresden, Germany

M

magmax

Vienna, Austria

Kjartan

Oslo, Norway

AWeber

Washington, DC, United States

Zidisha

Sterling, United States

C

cjmenchaca

Austin, United States

B

briansedz

Canton, Ohio, United States

beverly

Vancouver, Canada

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