My name is Corsmas Ogumbo a father of 4 adults in the ratio 2-2.I am a high school graduate a manager by profession. I am the third born in a family of seven .My home county is Siaya although i was born and brought up in Nairobi where i have stayed in for the better part of my life.I was born in a lower class family where i went through hardship in my life.I education was partially sponsored with a well wisher who passed away when i was half way but God was with me and i completed my O level. I have worked with various companies and Saccos for the past 30 years rising to the post of a manager.I have vast experience in fleet management and Sacco management and i am currently working for a Sacco and run a public transport business.
I am a Luo by tribe and my community are well known for their like for fish and ugali which is their staple food.Luos are known to be fishermen and they stay along the shores of lake victoria.Our culture is rich among us but unpopular among other tribes mostly the Bantus.We are the lake Nilotes.The famous scholars from Kenya among then the late Jaramogi Oginga Odinga ,Tom Mboya,Argwings Kodheck and the late Barack Obama the father of the present President of the United States and the former Prime Minister of Kenya Raila Amolo Odinga were from the community.
Two of my children are working in Qartar while my last born is in collage taking a hotel management course while the other is a printer.
My hobbies are dancing,watching tv ,watching football ,helping the needy especially widows and orphans in my community,I am the founder of Bainsbridge community development organization located in Ngiya village Siaya County.
I am currently in part time public transport business but is putting up to venture into a cyber cafe business which i am sure will generate some reasonable income to me and my family.I have already bought two computers and a printer and i am now seeking capital for rent ,internet line and license. My business station is in Nairobi kikomba area just 100 meters from my work place.The business is a service delivery business and the demand for the services is high.
For the sake of clarity I'll focus on a small budget and will employ two people to help me do the business.From my research the average daily projected income will be $60 with daily expenses of $ 20. The target is achievable although it will be difficult to meet the target within the first six months of operation.The business will run for 6 days a week and i assume that i will make a saving of $ 40 daily which is equivalent to $ 1,040 per month (26 days). The starting Capital for the business is approximately $ 1800.
With a projected profit after tax and expenses of $ 340 per month, i will be able to pay back the tax and the loan comfortably in twelve months.
Services
Internet
Typing
Printing Services
Photo Copying.
I will use my profit to support the orphans widows and the elderly in my village.I will also support some parents from poor families by paying partial fees to their bright children and support our local church. I wish to expand the business as well in future.
Diabenz Café’s requested loan will cover rent, furniture, printer,license internet connection and running capital to cover expenses in the first year.These costs will include one computer, one laser printers and a scanner.
Besides, the start-up costs will comprise the license rent and shop renovation and modification. Breakdown of the start-up costs is illustrated as follows:
Start-up Costs
USD
Stationery 64
Furniture 150
License 150
Rent /Office good will 300
Computer Systems, Software, Printer, Scanner 200
Internet Lines 120
Fixtures/Renovation 100
Total Start-up Costs 1,084
Start-up Assets
Running Cash 400
Start-up Inventory 300
Total Assets 700
Total Requirements 1,784
The proposed business is a service delivery business and the demand for the services is high.From my research the average daily projected income will be $60 with daily expenses of $ 20. The target is achievable although it will be difficult to meet the target within the first six months of operation.The business will run for 6 days a week and i assume that i will make a saving of $ 40 daily which is equivalent to $ 1,040 per month (26 days). The starting Capital for the business is approximately $ 1800.
With a projected profit after tax and expenses of $ 340 per month, i will be able to pay back the tax and the loan comfortably in twelve months.