Loan to help pay for graduate school (Master's degree program)
Elijah
Githurai, Kenya
100% repaid
Entrepreneur
Name
Elijah
Member since
January 2015
On-time repayments
331 installments • 69%
About Me
I started life by doing jobs in construction sites and latter in Kenya clay works company. After saving 6,000 i started my first business of poultry keeping in 2008 august which grew up to a capital of Kshs 75,000 capital in 6 months by financing through higher purchase and retained earning. The 6,000 was
After 3yrs in poultry business i closed down to venture in cyber business in 2012 which i ran to date.
My family made of four i.e my son, daughter, wife and i. I have always had an interest in networking and computers the reason why i started the cyber cafe business.
My Business
Cyber business involves providing the public with internet access, computer services i.e typesetting, printing and other internet solutions. The service are in demand because the public need to access government and other organizations information as well as social sites which they use to communicate with friends worldwide. The typical costs are , papers, inks, electric power, internet, tire and ware. Soo far the income from the business has been largely been used to reinvest and home use.
In addition, I expanded my business by starting a consulting business in bookkeeping and credit management. This has been inspired by wanting to utilize my professional skills to help other businesses in the community. My consulting business has helped my people in keeping track on how their businesses are performing. The consulting business is growing gradually and currently i have been able to sign with two banks and an insurance company on trade finance products. This is a significant grow as it increase the pool of services we offer to our clients.
The typical cost for the consulting business is office rent, stationery, salary for sales people, transport and logistics, internet and other office running cost.
Loan Proposal
I intend to use the money from the loan in paying my Master's degree 1st semister fees. The total cost for the 1st semister in usd 920. I have soo far paid usd 320 and hence in need of the deficit inorder to continue learning.
This degree is very important towards the growth of the new consultancy business i started. Most business in Kenya are straggling with stragegy management and practioners in this sector are few. With this education i will be able to handle more and complex assignments in strategy management and hence be of benefit to the community at large because they would no longer be entering into businesses without a projected growth plan.
In addition, this education via my business will help my family to have additional income and hence live a better life.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$564.00
Date disbursed
Sep 4, 2016
Repayment status
On Time
Projected term
14 months
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MrCane Dec 20, 2017
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