Selling of electricity tokens

Davies

Lang'ata, Kenya

100% repaid

Entrepreneur

Name

Davies

Member since

January 2014

On-time repayments

179 installments  •  26%

About Me

I am 29yrs old.Raised from a humble background in Nairobi,Kenya i grew up with my four siblings i.e 2brothers and a twin sister.I am blessed with a lovely daughter called Kayla Monique.
In Kenya i live in Langata,Nairobi area and that is where i run my business too.I am an enterprenuer by profession hence i decided to venture in business because that's one field that people have neglected so much since they've been stereo-typed that the only way to get successful is to run for a white collar job.Business has great potential in kenya.
I have studied business management at the Kenya Institute of management I believe that spending less and investing more is the key to financial success.

My Business

I own a Cybercafe called RightClick Technologies that is registered under the Kenyan Government.RightClick Technologies is my main source of income and It is Located in Langata, Nairobi.
There is rising demand of my service because information and technology is fast rising thus nowadays internet is one of the most important things in life.The main reason why my business is profitable is because it doesn't have a peak or off-peak season because people must browse, print, photocopy, scan e.t.c
My typical monthly costs can go up to kes40,000 thus my monthly sales on average is kes70,000 leaving me with a net of kes30,000.
I intend to invest my loan fully in business so that my sales can increase and i can maximize profit which is my main objective. Thanks to zidisha for always supporting the small and medium sized businesses.

Loan Proposal

Thank you Zidisha team for such an amazing project. This is my second loan application thus I'm really humbled to clear my 1st loan in due time despite the challenges in business. The loan really helped my business to elevate and many thanks to the lenders who believed in me.
For my 2nd loan,i would like to be an agent of kenya power and Lightening company. This is the only electricity company in kenya practicing monopoly.They came up with an electricity purchasing system whereby when you purchase your electricity through tokens.The method is called the pre-paid method.This purchase is done online through an agent.
The minimum purchase you can make is 200/- while the maximum is 5000/-for every purchase,there's a commission of 30/-personally i have a computer at work and all i needed from my wonderful zidisha lenders, is to help me activate my internet and buy the required electricity float.
The market for electricity tokens is wanting since many have to buy through m-pesa which creates alot of delays because of traffic. My online transactions will definitely be fast and reliable since i'll be just printing the token numbers on paper. Electricity is so essential thus everyone needs it especially in urban areas.
I'll be expecting at-least 25clients daily since I'm surrounded by 7estates which have approximately 4000households.
I'm kindly asking my loyal lenders to team up with me and believe in this project. In every business there is a risk and this is a risk worth taking. God bless Zidisha.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$228.00

Date disbursed

Nov 14, 2014

Repayment status

On Time

Projected term

11 months

Lenders

K

Krokslatt

Mölndal, Sweden

S

stevetanner

Geneva, Switzerland

Cricketca

San Jose, United States

G

Goldrivermob

Gold River, Canada

T

thebonseung

Republic of Korea

Matching Fund

Sterling, United States

T

tiojoca

Portugal

mepster

San Francisco, Ca, United States

Ask Davies a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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