Entrepreneur
Name
Shadrack
Member since
June 2016
On-time repayments
55 installments • 25%
About Me
i am 23 years old dynamic and ready to start making my future. i completed high school a few years ago. we live in kibira one of the largest slum areas in Africa and i find the challenge of rising to fend for myself from there . after hgh school i now felt its time to go alone and stop depending on my parents who are so hard working to pay school fees for the 8 of my siblings behind me.
i have started a business where i work online . having done computers as a subject from form 1 to form four. i dint pass well enough to merit government scholarship and since there are many of us in the family i have opted to start business instead of struggling for money to go to college which is a lot here in kenya
basically i work on the internet from my small room .if i get good funding from zidisha i would like to expand and open an office
My Business
since my loan is basically starting me with a small anount my proposal for now is based wifi airtime for internet.
i work with compnies which sell second hand things mostly electronics
i mostly work on olx.co.ke where i check someone who needs sells lets say a television screen i negotiate and buy at a very low price then i sel to my friends mostly who are not ale to go online at a higher price. this busness can have a huge potential as there are many willing buyers who are either not internet literate or don't have money to go online r rather dont have online access
so my proposal for today will be just a loan to buy unlimited internet for 1000 kenya shillings this will allow me to source for many products online and resell them in the slum area.
the returns are always good they enable me to pay for my rent and food at least each week i can sell a product and have a balance of not less than 2 thousand
i equally want to buy things here in the slum area sell them online so generally its a small e commerce business
thanks for helping me to grow my funders
Loan Proposal
one of my lenders suggested to me that i should be able to resell my internet subscription to other people in the slum area.
unfortunately the wifi box i bought last time has a limited range. i have been advised to buy a product which will boost my wifi signal so that i can resell to at least home steads around my room.
it will cost 20 dollars i plan to hustle and get more money and buy the extender
thank you my lenders for continued support
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$16.00
Date disbursed
Apr 20, 2017
Repayment status
Late
Projected term
3 months
Other loans
Lenders
Devon, United Kingdom
Ask Shadrack a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.