Printer, plastic chairs and computer for my cybercafe
Brian
Kapsabul, Kenya
100% repaid
Entrepreneur
Name
Brian
Member since
June 2015
On-time repayments
248 installments • 17%
About Me
Am at my last stages of the 8-4-4 system. I studied my primary education in a local school then after passing my examinations was admitted to high school. Thought my high school I had a passion in computers. I took computer studies as my technical subject of which I passed well in my KCSE exams. I managed to secure an admission to join a public university through a regular programme. Being in the university opened up my mind, having friends and company of business minded people. This saw me to coming up with several business ideas that I could do in order to sustain my school life. In my 1st year I used to deliver food to students' hostels at a small fee, this was my first experience in business. And after being in the business for a while I was able to gain more knowledge on the dos and donts in business, how to attract more customers, branding and how to retain customers. Later in my second year I managed to start a cyber cafe around the school, this was possible through the savings that I had accumulated from my first business. What I can say is that the journey has not been smooth, sometimes I found myself running at a loss. An example is when there were few customers that could not even make you pay the bills. So occasionally I had to inject a few coins to sustain the business running. What's interesting in this country is the passion that the youth have towards their financial success, and how their dreams drive them to fight harder to make it a reality. One of my hobbies is going through the internet learning new things, this has made me to widen my scope to seeing the future on an international level.
My Business
After my first business I decided to venture into a new business and test my creative strength and ability to make a reality out of a dream. What drove me into deciding to start a cyber cafe was the demand for students in the university to do online research, print their work, connect to friends and other students from all over. I realised that it would be a very lucrative business and I would have helped solve a problem. Since the students crowd in the few cafes that are available and thus cannot do their work peacefully and conviniently. Another major reason why I chose the business is because of the capital that I needed in order to start. The savings that I had was enough to rent a space and buy few computers to start. At first I had three client computers. As the business progressed I was able to purchase a small printer. This helped increase the services that I could offer to the clients. I was now able to offer internet access and printing services. What keeps my customers coming back is the competitive rates that I offer. They are so low that they attract more customers yet more to keep the business running as still keep some as savings. My current objective is to keep reinvesting in the business by buying more computers, chairs and a bigger printer. This will help grow my business. And after being introduced to zidisha by a friend I realised that their aim was to boost small entrepreneurs andI could grow my business at a faster rate. I decided that it was the next step for my business. The loan will help me acquire more equipments thus translating to a bigger business.
Loan Proposal
The loan will help me to acquire the following for my cybercafe:
-4 chairs each will cost 10 dollars
-a printer which will cost 50 dollars
This will be a boost to my cybercafe business because it will have help to add the service of printing to the existing list of services we initially had. The chairs will also help to make the customers comfortable as they wait to be served. Either when waiting for documents to be printed or while queing to access the internet. Thus the customers will not get tired and displeased by standing for longer time to be served. This will be a boost to our marketing strategy since customers comfort will make our market spread by word of mouth. The chairs will not be a source of direct revenue to the business but will be a source of marketing and also act as stock for future expansion of the business. The printer on the other hand will be generating direct income from printing of clients documents. A breakdown on the likely expenditure and income from the printer from printing a ream of papers.
-ream of papers-3$
-electricity-1$
-ink-1$
-general maintence-1$
Total:-6$
Income generated from printing documents equal to a ream of papers.
-printing 1 page-sh 5
Total:-5x400: sh2000
This comes to approximately 24dollars
When converted to percentage it is a whooping 300 percent profit.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jul 21, 2015
Repayment status
On Time
Projected term
8 months
Other loans
Lenders
United States
Ask Brian a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.