Zidisha |

David

Nakuru Kenya, Kenya

36% repaid

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How it Works

Entrepreneur

Name

David

Member since

September 2012

On-time repayments

7 installments • 14%

About Me

married with one kid lives within Nakuru runs a small ICT firm also a graduate in bachelors in IT the earnings with the business will help expand the same business and giving back to the community
my dream is to establish a firm which will create job opportunities to suffering youths from joblessness,drug abuse all over Kenya

My Business

our core business we deal with computer sales, accessories, tailor made software's for small organization. the demand arises due to our standard and cost effectiveness pocket friendly to some of those who cant afford off-shelf software's from leading company as Microsoft and the rest with good capital it can be a profitable business because we will develop software for corporate clients en also supplying the giants companies the risks involved is the rate which technology is changing so it means we have to keep on reading and acquiring new technology monthly cost can b between Kshs100000 to 200000 total sales can be between Kshs250000-300000 with a profit of between kshs75000-90000 but deduct expenses office rent,electricity, and wages i get a net profit of Kshs45000-60000

Loan Proposal

this loan will be used to purchase flash disks and memory cards with 40000 i can be in a position to increase the stock because flash disk and memory cards are first moving
this loan will be used to purchase flash disks and memory cards with 40000 i can be in a position to increase the stock because flash disk and memory cards are first moving

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$495.00

Date disbursed

Dec 16, 2012

Repayment status

Late

Projected term

7 months

Lenders

GalantnostS

Hong Kong, Hong Kong

rurumm

Muenchen, Germany

EricDWalters

Rochester, Mn, Usa, United States

investor

Candiac, Canada

velocity

Nueremberg, Germany

jbrotzman11

TX, United States

United States

Kjartan

Oslo, Norway

russell

leicester, United Kingdom

Falun, Sweden

Munich, Germany

Stromberg, Germany

Bourne end, United Kingdom

Creole1

Mobile, Alabama, United States

Astrid

Den Haag, Netherlands

Texas

Houston, United States

cravioli

geneva, Switzerland

DennyC

Rostock, Germany

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A
Astrid Jan 25, 2016

Hi David, How are you doing today?

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A
Astrid Aug 1, 2014

I was really hoping you would finish your loan. Disappointed.

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Kjartan Sep 16, 2013

Hi David,

How are all things? Would you please give us an update?

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A
Astrid Jun 12, 2013

Hi David,

How are you doing? Could you make your next installement please?
Thanks,
Astrid

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- A
  Astrid Jul 16, 2013
  
  No news yet? Please let us know what is happening with your business David. Best wishes, Astrid
  
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Admin Dec 4, 2012

November 26, 2012

Hello, my name is Dan Cembrola, one of Zidisha’s Kenya Client Relationship Managers. I am currently visiting Zidisha borrowers in Nakuru and its outskirts.

Today I visited David at his cyber cafe in the heart of Nakuru. David's business is located on the first floor of Highway Towers, one of the newest and most modern buildings in the rapidly growing city of Nakuru. In addition to many businesses and restaurants, Highway Towers also houses a local university. There is an ample customer base surrounding David's cyber cafe, especially when the university is in session.

David graduated from Jomo Kenyatta University with a degree in Industrial Technology. He began his professional career as an electrician and also sold various electronic supplies. Four years ago, David decided to open his own cyber cafe. His business has grown in the past four years and he now employs three people and also sells computers, external hard drives, and flash drives at his cyber cafe. Currently, David buys his supplies from Nairobi. With more capital, David would like to start making his purchases in bulk from a contact he has in Dubai. He projects that this will more than double his profit margin on each item he sells.

With his first Zidisha loan, David would like to expand his current inventory to satisfy his growing customer base. Some studies project that Nakuru is fastest growing city in Africa. The population has certainly surged in the last few years and people are quickly becoming more comfortable with and reliant upon newer technology.

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