Purchase additional computer and photo printer for my cyber

Patrick

Kawangware, Kenya

100% repaid

Entrepreneur

Name

Patrick

Member since

August 2015

On-time repayments

150 installments  •  41%

About Me

I was born in Nairobi, Kawangware estate Nairobi county 24 years ago. I grew up with a bigger vision, a bigger mind, a dream to become a banker.But what actualy came in between this wonderfull dream???
I started my primary education and eventually completed class eight with a certificate in Kenya primary education.In 2007 i joined a local secondary school where i begun to explore all the subjects as well as putting more efforts in mathematics and business studies so as to be a stepping stone to my dream.
In 2010, i completed my secondary education and passed with a credit of B+ but I could not join university due to financial constraints.
In 2011, I was employed on a boda boda where i started saving. I used part of the savings to enroll for computer class where i enrolled on an evening class after working during the day.
In February 2014, I bought a computer and a printer using the remaining savings from the boda boda business and started a cyber cafe.
In the cyber cafe, I deal with typing, printing, photocopying, scanning and internet browsing.
The first one and half years I encountered a lot of challenges to a point where I was about to give up but i continued to press on and eventually i caught up.
Having gained the ground, I may say my cyber cafe is doing good.

My Business

As i had mentioned already from my profile, I am currently operating a cyber cafe.
Where i stay consists of college where students normally come to my cyber cafe to photocopy handouts, typing, printing assignments,browsing and doing online research.
The people surrounding also come to make photocopies of their IDs,title deeds, making business cards, typing, printing their curriculum vitae, and browsing the internet.
My current business is worth KES 70,000 and so far I make a profit of KES 1,500 after incurring costs such as purchasing steeple pins, printing papers,credit for internet and printer ink.Am anticipating that these will grow up to at least KES 2,800 daily.
I intend to use half of the profit to reinvest back to the business by purchasing a server Pc.The other half of the profit i intend to use it for my college fees for a diploma in banking and finance which i already enroled on a part time basis.

Loan Proposal

Due to the emerging trends and use of mobile phones to take pictures,this has created the need and demand for a photo printer for my cyber cafe so as to enable the customers to print there photos that are stored on soft copy in their memory cards.I am thus planning to purchase an additional computer and more importantly a photo printer for my cyber cafe so as to address these need of the customers and I also see it as a gap which if addressed will lead to an increase of my daily profit base and will provide an avenue for me to convert my cyber cafe to a one stop shop thus saving time and money for my customers on the need of traveling to other places to look for the services.

Secondly I am planning to purchase an additional computer so as to address the increase in the number of the customers and the need to access the internet so as to access information about various aspects in regard to the needs of the clients.The additional computer will reduce client queues and promote ease of accessibility to information.
I thus project that this will increase my current daily profit from $ 13 to $15 thus translating it to $ 105 dollars in a week and will also increase business assets fom $500 to about $750.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$151.00

Date disbursed

May 19, 2016

Repayment status

On Time

Projected term

7 months

Lenders

K

Krokslatt

Mölndal, Sweden

cyrus0302

San Francisco, United States

DeanDropshot

Oslo, Norway

Raoul72

Naarden, Netherlands

ScottSavage

Las Vegas, NV, United States

J

JakeA

Wellington, New Zealand

rodcul

Altea, Spain

C

cjmenchaca

Austin, United States

J

Joyful

Philadelphia, United States

B

blahblah

Nuernberg, Germany

J

jdhowa2

Louisville, KY, United States

beverly

Vancouver, Canada

G D Export

Kolkata, India

J

jjonas

berlin, Germany

EmilAsker

Lomma, Sweden

G

grahamfamily

Guildford, United Kingdom

indeh

London, United Kingdom

W

wordelsue

MIDWEST, United States

Cloudways

Malta, Malta

B

BClay

Campbell, United States

ads68

Melbourne, Australia

Bhayl

Stavanger, Norway

M

mkellerman

Shanghai, China

basicus

Cairo, Egypt

fairspirit

Utrecht, Netherlands

A

andreasb

Zug, Switzerland

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

Zal0m0n

Atlantis!!!! x), Mauritania

tonnyschonewille

Maastricht, Netherlands

xtrahardware

Cazenovia, United States

G

guggl

Vienna, Austria

G

GanSatya

United States

sderickson

Berkeley, CA, United States

O

oonbug

United States

pvilliger

Zurich, Switzerland

A

ajayhk

San Jose, United States

TyWee

Manila, Philippines

Matt B

Stratford Upon Avon, United Kingdom

A

Andrei

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

Vratik Krocik

Prague, Czech Republic

RG

Ryan Gough

United States

A

Anonymous

United States

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