A loan to expand office space

Nicholas

Ngara, Kenya

100% repaid

Follow Nicholas

How it Works

Entrepreneur

Name

Nicholas

Member since

June 2017

On-time repayments

79 installments • 65%

About Me

My name is Nicholas Nyongesa aged 30 years. Since my childhood i have been exemplary in educational work with a never to say-die spirit since my cultural and remote environment did not consider education important. However i realized the importance of opening up my mind through the power of education with excellent performance that attracted well wishers to support my education including government scholarship at my university education. After my university education the entrepreneurial spirit within me arose and i started a data collection business where i could walk in the targeted places to interview the respondents on behalf of my clients undertaking research which i have diversified and currently doing supplies in stationery to nearby schools. My 4 year boy tells me that when he grows up he would like to be a pilot. I read entrepreneurial books during my free time

My Business

I do data collection for researchers undertaking their research works and also supply stationery and food stuffs to nearby schools within the proximity of Nairobi Kenya which is well paying and i wish to explore other markets in neighborhood

Loan Proposal

I will use the loan to expand office space. Currently as shown on my profile picture we are sharing a small office space with my employee which renders the working condition to be poor and thus likely to influence work productivity and efficiency. There is also no space where clients can sit and wait to be attended to which forces me to seek alternative meeting point with clients like hotels or rented boardrooms which is expensive in the long run. Once i expand the office space, conducive working environment is guaranteed for my employee and I and also clients will be able to walk in and see their work as they progress and also discuss within the office. This is expected to increase the business profit by 50% due to reduced hotel and hired boardroom costs and also working efficiency. The office expansion is expected to cost $ 600. Once again thank you for being generous and selfless partner in this journey of growing my business and making a difference to society at large.