Printer for my cybercafe

Samuel

Nakuru, Kenya

90% repaid

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How it Works

Entrepreneur

Name

Samuel

Member since

June 2015

On-time repayments

38 installments • 89%

About Me

I am a graduate engineer from the University of Nairobi. I have a small cyber cafe in Kiambogo Location, Elementaita Division, Gilgil Sub-county. I have a Bsc in Environmental & Biosystems Engineering and I majored in Water & Irrigation Engineering. I am married to one wife and have a daughter who is three years old. I have worked as a Production Engineer at Milimani Bottlers for a period of one year. I then ventured into business and opened an mpesa in shauri moyo area in Nairobi after which i relocated back to my home where I so the opportunuty to open a cyber cafe since printing and photocopying services were not offered in the area. I was brought in a family of businessmen as my father was a shopkeeper and I had a dream of opening my own business in future. I have done business for three years now and I can attest that business is the way to go. Besides business I have ventured into farming though on a small scale. Primarily, I do business and I love computers. There is nothing that brings me pleasure than doing the work that i love. After completing my undergraduate studies I had one computer which I was using while in school. when the opportunity to start a cyber cafe presented itself I talked to a friend who had a desktop computer that had a blown up power supply and he gave it to me free of charge. I repaired the computer and together with my own i had two computers. I then had some money from my savings and I used it to buy a printer and rent the premise for my business. After a couple of months I bought one more computer and I had three fully functional computers. I worked for a few more months and bought the fourth computer and a laminator. Within one and half year I had achieved all these. The people owithin this area are from different ethnic groups, majorly the Kikuyu, Maasai and Kalenjin. The main economic activity is farming where maiza and beans are the dominant crops.

My Business

My business is mainly a service industry. I offer type setting, photocopying, printing and internet services. My business is stratergically placed as am close to the administration offices where my services are on high demand from the members of the public seeking services from the offices. The reason i chose this business is because since High School I was fond of computers and also the operating cost of the business is low. The main costs are from power, materials like printing papers and rent. The profit I generate from the business is reinvested to grow the business. I also support my family as my parents are subsistent farmers. I am planning to expand the business by opening a photo studio as well as offer photo printing service in the near future as the service are not offered in the area am located. My dream is to offer competitive services to the people within my locality.

Loan Proposal

I am planning to purchase an Epson T50 stylus Photo printer that can print photos, wedding cards, greeting cards, calendars as well as business cards. The printer costs about $320. I am planning also to open a photo studio once I acquire the printer and this will mean more revenue hence increased profit. Photography is an untapped area within the region and I believe with the acquisition of a printer with the capabilities of printing photos I will really grow my business. If i buy the printer it will increase my profits by about 40% - 50% since I will it will be doing a lot of work in terms of photo printing as there is no one around this area who prints photos.