To stock my cybercafe business

Nyandege

Nakuru, Kenya

100% repaid

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Entrepreneur

Name

Nyandege

Member since

January 2015

On-time repayments

100 installments • 47%

About Me

I am Clive o Nyandege. I was born as third born of eight members. Growing up in such a family was really a struggle financially. I indeed had to struggle going to school, leave alone having traveled for 12 km loan fro school without lunch in most cases.However since i had a very burning ambition to study smart and get myself and my children out of such struggles; i passed my examinations and joined university and now working as a high school teacher.Although i work still; the challenges linger in mind. This has prompted me to start a business ; cyber cafe which now supplements my total earnings.The cost of running it are relatively reasonable with much going to an employee and internet provider and electricity.Most of my earning goes into paying for my children's fees after paying the running costs.My children would like to be ; a lawyer, journalist and doctor.

My Business

First of all i am a professional high school teacher. My business is a cyber cafe.My business has employed one attendant. I pay a rent for the business of about ksh 10000. The attendant earns ksh.5000. I need additional funding to enable me stock some soft drinks i.e water and soda, milk among many so as my customers can access them as the are being served. Also i could like to stock blank cds and flash discs which are usually needed by the same customers.I have a big dream; to grow in the business and if possible employ over 100 employees.I would like to grow and actually expand my business as i said earlier to absorb many employees. In my application i would like to apply for a loan amount that will enable me increase my capital base. I wish to buy 5 (2gb ) flash discs at about 2500ksh. 100 printable Cds at a cost of 2000ksh and some 2dozens of 300mm drinking water at a cost of 720 sh.I hope this will boost by business a lot.

Loan Proposal

I have done the cyber business for sometime now . It is small a business but growing steadily. I am applying for this loan to assist me by items that i feel on demand. I am applying for &50. Out of this i will use about 2000 shs. to purchase printable CD's 2500 to buy 4GB FLASH DISCS. This can add on the already running stock. This stock can increase my gross earning by around 500 a month.