318 installments • 9%
I am graduate from Kenya Polytechnic University College and currently am running a computer training at Eagle Computers Ltd,Located in Kericho county Moi Road Opp Uhuru Garden 3rd Floor. The reason for applying Zidisha loan is for purpose of expansion especially with latest printing machines and adding at least 10 other brand new computers to improve the intake capacity.There is good potential to improve in these area and offer latest Hardware and Software Technology to meet the current job market demand especially in the field of ICT and others in general. The building capability towards this area will be achieved through investing in latest technologies in field so as to generate more income and contribute positively in the society and also improve the people's livelihood. I have long term commitment to contribute in repaying of the acquired loan. Thanks.
The source of income is mainly through the tuition fee on what we charge the students;
Computer Packages @ Kes 2,500
Video Editing @ Kes 12,000
Web Design @ 7,000
Normally in a month we get between 15-25 students which can give us a minimum of Kes 37,500 per month. For loan repayment details will be purely through the income generated from the Business. The business has been in place for 5 yrs now and our monthly expenditure normally is around Kes 15,000 which gives a profit of a bout Kes 20,000 per month.
The intended loan form Zidisha will be used to purchase HP Laptop at $300, so as to improve and increase the work flow. The laptop will be also used at home to carry other tasks for the business like Online writing jobs for Academic research purposes. The orders for academic research are many and I need to work at home especially at night during odd hours away from the office. The monthly income from the online writing job is $350 per month, this income is normally used for payment of rent and school fees for my daughter who is in class two at Bright Horizon Academy. Specifications for the laptop are 500 GB HDD, 4 GB RAM, speed of 3.2 Ghz and core i3 processor.Best regards
Jan 26, 2015
Cost to entrepreneur
Lender interest: $293.45 at 4.62% annual rate over 70 months = $78.96
Service fee: $66.40