New equipment for my cybercafe

Simeon

Kipsonoi, Kenya

100% repaid

Entrepreneur

Name

Simeon

Member since

December 2016

On-time repayments

8 installments  •  88%

About Me

I am a 22 year old boy born in the year 1995 at symet village in bomet county. Did my K.C.P.E in the year 2010 and joined form one where i passed through many challenges of lack of school fees since my brothers and sisters were also in school and needed money for their fees, severally i was being sent home which affected my studies but thanks to God i passed through my hardwork.After my K.C.S.E I stayed at home helping my parents in the farm work where i learnt that farming earns alot, so i requested a piece of land from my father to plant my own crops where he did unquestionably due to the work they saw in me. l involved in planting indigenous crops such as the spider plant and other vegetables like carrots which did well. l joined kabianga University to pursue teaching as my career but the challenge of fee still accompanied me but my savings from my farm project help me and was able to join campus. To continue with my farm project i went home each weekend to monitor the work being done through the funding from a fund i requested from my uncle.The project deed well and my father added me one and a half hecta piece of land to manage. The earnings from the farm paid my fees and abit of my siblings but saving a little each month. This will help me make my children to be successful in life and be able not to face challenges in paying there fees since I dont want them to pass through what I passed. Now i am at my final year without the challenge of fee.God has done great things.

My Business

I have been able.thruogh the help of zidisha loans that i took ealier,to expand my cyber cafe chain that i have.
I ventured into cyber cafes as i sought to fill the niche tha existed and still exist today.my country,kenya is high digitalized in most of its services,therefore making cyber cafe business to do queit well here.i started by acquiring 5 desktop and i have expanded it to a point of opening other baranche ie in kitale,tranzoia county

Loan Proposal

i would use the loan to buy new equipment for my cyber at a cost of 10 dollars this will go a long way to increase to the profits as many customers would have space in my cyber and use the computers in good form.the remaining 5$ ,i will use them to expand the floor area and to buy 2 more seats as well as repairing the existing ones at a lower cost.the will see an attractive display to my customers thus increase in number at any other time in my business. the general increase in flow and equipment will go a long way in increasing the profit margin in my business at any other time.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$15.00

Date disbursed

May 21, 2017

Repayment status

On Time

Projected term

6 weeks

Lenders

MarktheMormon

Sandy, Utah, United States

Alberto Cereser

Copenhagen, Denmark

The Zinc Team

San Francisco, United States

Paul Buchheit

Mountain View, United States

ML

Monty Lewis

United Kingdom

Alex de Joode

Netherlands

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