I.T. service and training center

Joseph Mugo

Nakuru, Kenya

38% repaid

Entrepreneur

Name

Joseph Mugo

Location

Nakuru, Kenya

On-time repayments

359 weekly installments  •  61%

About Me

I am a tale-preneur selling project management consultancies and IT solutions online. I live in Nakuru County in the vast Rift Valley Province, Kenya. I started a business to cater for two needs. One, I decided to bridge a gap between computer literacy in the outskirts of Nakuru town and other skills possessed by youthful residents. In the outskirts of Nakuru town with improved internet connectivity, and no opportunities for more opportunities, leading young people towards the path of online working (work from home) as virtual assistants, data clerks etc. With better education credentials compared to the average population, I felt obligated to offer this business and bridge the gap especially for those seeking job opportunities for self sustenance. Secondly, I started the business for a profit motive and live to the dream of my university’s mission, that of creating employment. Though the business started small, it has expanded especially after sourcing for regular institutional clients where I offer IT support services, virtual book keeping and virtual assistance. The profits have been re-invested leading to the rapid growth. The loan/Pay it forward from Zidisha will actually Zidisha (expand) my business especially in the sense that it will allow me to purchase more computers and probably open another branch in an rural-urban town setup. This will be done after topping up the loan with some savings.

My Business

My business operates within the larger Information Technology Industry. My business offer support services such as internet bureau services, online research services, virtual assistance, computer accessories services, data processing services, Information systems maintenance services among other assistive services. Demand for computer services in this region is very high. Also high is the emerging market of service outsourcing. This has been occasioned by the new realization of the position of the information technology as a business aid. Most medium sized businesses are adopting IT infrastructures thus providing a good business environment for the providers of these services. Most firms, local and foreign, are adopting to outsource non core roles in order to concentrate on the core roles of their businesses. The services offered by my business include data handling, processing and execution, tailoring programs to the specific needs of an organization. Since competition is limited especially for the advanced IT services; the business has remained the preferred provider among a wide area. The reputation in working with both private and public schools has remained unquestionable, with a wide coverage of schools being my clients.
The business is profitable in the sense that I can source for materials cheaply making my sales for services highly profitable. The demand for training services, including simple IT package training, has proved to be a good source of revenue with very limited costs. The main challenge has remained the ever changing IT industry where new IT products are introduced even before getting to some potential clients. Bearing in mind that most of the business owners are older and computer illiterate, this dynamism of the IT industry has been a major hindrance to them. Despite this, i have a resolve to be at par with newer innovations to maintain relevance in the market.
As far as revenues are concerned, my business generates a total revenue of around Kenya Shillings 230,000. Costs include rent of Ksh.30000, salary and wages of about Ksh 64,000 and purchases worth around Ksh40,000. This leaves me with around Ksh 94000 per month. This amount is further apportioned to savings of around Ksh. 40,000, leaving around Ksh. 54,000 for my personal use as this is a sole proprietorship.

Project Proposal

The proposed loan will be used in the process of setting up a new office in our expansion plan. We intent to use the amount in making new furniture. We have some spare cash that we can use for office equipment. This is expected to generate additional income as we will expand our portfolio of our existing clients. This will be our 7th loan with zidisha. Thus, be assured that we shall repay the loan as usual.
Warm Regards

Feedback

3

None

None

  • TryingAndFailing    Dec 23, 2014

    Always pays on-time or early. Betters himself and the community around him. Not just a great borrower, but a great person who raises others up as well. Will lend again for sure!

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    • Joseph Mugo    Jan 24, 2015

      Thank you TryingAndFailing for the positive review. I feel obligated to repay as your loan has really transformed my life. I have posted my fourth loan. I will appreciate your financing. Thank you very much

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  • zako316    Dec 11, 2013

    Great borrower, will definitely contribute again if the opportunity arises.

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    • Joseph Mugo    Jan 24, 2015

      Thank you Zako316 for the positive review. I feel obligated to repay as your loan has really transformed my life. I have posted my fourth loan. I will appreciate your financing. Thank you very much

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  • take5    Jul 27, 2013

    Great entrepreneur! Paid back his loan quickly.

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    • Joseph Mugo    Jan 24, 2015

      Thank you take5 for the positive review. I feel obligated to repay as your loan has really transformed my life. I have posted my fourth loan. I will appreciate your financing. Thank you very much

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Project Info

Project Type

Pay It Forward

Disbursed amount

$747.77

Date disbursed

Jul 5, 2021

Cost to entrepreneur

Service fee: 5% of $747.77 = $37.38

Backers

Sundstroms

Falun, Sweden

Laurie

United States

Ed

Howells, United States

Christian Golo

Accra, Ghana

JH

Joseph Hwang

Houston, United States

Paul Buchheit

Mountain View, United States

DD

Dixie Davis

Kyle, United States

Halima Mganga

Mombasa, Kenya

Jesus Figueres

Valencia, Spain

Grace Kaluwe

Northwestern, Zambia

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  • Joseph Mugo    Oct 1, 2021

    Poor cash flow from business

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  • Joseph Mugo    Aug 18, 2021

    I am low on cash flow and an adjustment will assist me regain my footing without lagging behind in payment

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  • [email protected]    Aug 18, 2021

    Hi Joseph,
    We do IT in Annapolis MD USA. Our company is Will Get IT Done. We welcome you to reach out in case we can help you in some other tech industry specific related way.
    www.willgetitdone.com
    Beat wishes!

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  • Joseph Mugo    Jul 5, 2021

    Thank you all zidisha partners for always trusting in me. The funds shall be used in funding our expansions by helping furnish our new office. I shall be able to buy some new office furniture once I top up with some savings I have. Once more, I am indeed grateful for the support.

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  • Eric Gichane    Jul 3, 2021

    Wish you great success in your unvestments.

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  • Christian Golo    Jul 1, 2021

    Joseph,
    continue to maintain high level of integrity and trustworthiness in everything you do.
    I wish you good luck.

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  • [email protected]    Jun 29, 2021

    Hi Joseph,

    Best of luck and work hard!

    Ronan Cavanagh, Dublin, Ireland.

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  • Joseph Mugo    Jun 28, 2021

    I appreciate all those who are coming in to fund my next facility with Zidisha. As usual, I promise you repayments of full amounts.

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  • Michael Ndungai Kioko    Jun 25, 2021

    Good Luck

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  • Joseph Mugo    Apr 10, 2021

    Tough economic times with continuous lock downs. However, this is the 6th loan with Zidisha and I am almost through with it. I am confident I will be done soon

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  • Lilian Kimko    Mar 16, 2021

    I have spoken to joseph who has promised to continue paying his loan though things are a bit tough on his side.. thanks for your patience

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  • Joseph Mugo    Feb 12, 2021

    I am currently cash strapped to manage the $50 weekly payment.

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  • Lilian Kimko    Feb 9, 2021

    I have spoken to mugo who is willing to repay his loan but the business is a bit down this the challenge

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  • Joseph Mugo    Dec 17, 2020

    The current prevailing pandemic has affected business. I will still pay to the last coin

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  • Eunice Atieno Otieno    Dec 14, 2020

    Mr. Mugo has some challenges in repaying his current loan on time though he has promised to reschedule his new payment plan.

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  • Eunice Atieno Otieno    Nov 12, 2020

    He will offset his late weekly instalment and update his lenders about his business position. Thanks

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  • Joseph Mugo    Oct 16, 2020

    Difficult economic times due to covid

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  • Eunice Atieno Otieno    Oct 12, 2020

    I have contacted Mugo for the loan delay and for sure,he is confident to fully paying of his loan soon.

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  • Joseph Mugo    Aug 29, 2020

    We have very slow business coming our way this period. My commitment to fully settle this loan remains. Be assured of sonsistent repayments once everything normalises

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  • Eunice Atieno Otieno    Aug 6, 2020

    I have today reminded Joseph about his past dues aanf promised to reschedule accordingly to avoid further delay of payments.

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