Gabriel
Eldoret, Kenya
24% repaid
Name
Gabriel
Member since
April 2015
On-time repayments
101 installments • 13%
I come from a humble background of five siblings, brought up in a culture where the community values education. I went to public schools both my primary and secondary education through aid from our church, well-wishers, and little from my parents. I was able to join college were I study certificate in education.
I saw an opportunity for setting up a small Cybercafe near the school gate. It was a good venture since University students needed the internet desperately to do their research work. I sourced funds from some of my friends, and I bought 2 computers, 2 chairs, a modem, paid house rent and electricity. I still look forward to growth and expansion through Zidisha.
I operate a small cybercafe business near my college where my customers are the students. The internet, printing and photocopying services are on demand for students because their assignments involve research. My last Zidisha loan helped me buy a color printer and this has improved my revenues by Ksh 200 ($2) per day. Currently, I make $6 (Ksh. 600) a day, less costs I remain with a profit of $ 3.5 (Ksh. 350)/ day. This translates to $95 (Ksh. 9500-Ksh. 10,000) a month. I use the money to help in paying fees for my younger brother, and I also get some pocket money to pay for my expenses while at school.
The number of clients coming into my business is increasing. These clients usually stay there for averagely one and half hours. Most of them have on several occasions asked to buy bottled water or a soft drink from my shop because there are no food stalls nearby nor a shop were they can buy them. Unfortunately, I don't have any because I lack the equipment, so I would like to buy a small freezer. The freezer would help much because the place is hot and I would be able to sells cold soft drinks and the bottled water to them. This will not only serve my customer but will attract more who would just be coming to buy the soft drinks and water, they might as well consume the services I offer.
A small freezer goes for $180. I will begin with two crates of soft drinks, which go for $ 5.7 each and 2 dozens of bottled water go for $ 4 each, both at wholesale price.
A full crate of soft drinks brings $ 3.3 in profits while a full dozen of water makes $2.8. Students like soft drinks, so a crate can take on average 1 day, which will translate to around $ 60/month profits. A dozen of bottled water can take on average 2 days, which translates to $53/month in profits. The total profits come to $ 113/month in profits. If I less the electricity costs, I would remain with approximately $100 / month. This will double my income and I will be able to help my parents, my younger brother get the education he yearns for, and even share my story with aspiring entrepreneurs who wish to grow their businesses.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$222.00
Date disbursed
Nov 11, 2016
Repayment status
Late
Projected term
21 months
Other loans
Amount repaid
$52.38
Amount remaining
$169.23
Expected completion
Sep 1, 2018
Status
Repaying late
Installment amount
$2.01
Expected Payments | Actual Payments | ||
---|---|---|---|
Nov 19, 2016 | $16.12 | Nov 19, 2016 | $16.12 |
Nov 26, 2016 | $16.12 | Nov 26, 2016 | $16.12 |
Dec 3, 2016 | $10.07 | Dec 13, 2016 | $10.07 |
Dec 10, 2016 | $0.00 | ||
Dec 17, 2016 | $0.00 | ||
Dec 24, 2016 | $5.04 | Dec 22, 2016 | $5.04 |
Dec 31, 2016 | $5.04 | Jan 4, 2017 | $5.04 |
Jan 7, 2017 | $0.00 | ||
Jan 14, 2017 | $0.00 | ||
Jan 21, 2017 | $0.00 | ||
Jan 28, 2017 | $2.01 | ||
Feb 4, 2017 | $2.01 | ||
Feb 11, 2017 | $2.01 | ||
Feb 18, 2017 | $2.01 | ||
Feb 25, 2017 | $2.01 | ||
Mar 4, 2017 | $2.01 | ||
Mar 11, 2017 | $2.01 | ||
Mar 18, 2017 | $2.01 | ||
Mar 25, 2017 | $2.01 | ||
Apr 1, 2017 | $2.01 | ||
Apr 8, 2017 | $2.01 | ||
Apr 15, 2017 | $2.01 | ||
Apr 22, 2017 | $2.01 | ||
Apr 29, 2017 | $2.01 | ||
May 6, 2017 | $2.01 | ||
May 13, 2017 | $2.01 | ||
May 20, 2017 | $2.01 | ||
May 27, 2017 | $2.01 | ||
Jun 3, 2017 | $2.01 | ||
Jun 10, 2017 | $2.01 | ||
Jun 17, 2017 | $2.01 | ||
Jun 24, 2017 | $2.01 | ||
Jul 1, 2017 | $2.01 | ||
Jul 8, 2017 | $2.01 | ||
Jul 15, 2017 | $2.01 | ||
Jul 22, 2017 | $2.01 | ||
Jul 29, 2017 | $2.01 | ||
Aug 5, 2017 | $2.01 | ||
Aug 12, 2017 | $2.01 | ||
Aug 19, 2017 | $2.01 | ||
Aug 26, 2017 | $2.01 | ||
Sep 2, 2017 | $2.01 | ||
Sep 9, 2017 | $2.01 | ||
Sep 16, 2017 | $2.01 | ||
Sep 23, 2017 | $2.01 | ||
Sep 30, 2017 | $2.01 | ||
Oct 7, 2017 | $2.01 | ||
Oct 14, 2017 | $2.01 | ||
Oct 21, 2017 | $2.01 | ||
Oct 28, 2017 | $2.01 | ||
Nov 4, 2017 | $2.01 | ||
Nov 11, 2017 | $2.01 | ||
Nov 18, 2017 | $2.01 | ||
Nov 25, 2017 | $2.01 | ||
Dec 2, 2017 | $2.01 | ||
Dec 9, 2017 | $2.01 | ||
Dec 16, 2017 | $2.01 | ||
Dec 23, 2017 | $2.01 | ||
Dec 30, 2017 | $2.01 | ||
Jan 6, 2018 | $2.01 | ||
Jan 13, 2018 | $2.01 | ||
Jan 20, 2018 | $2.01 | ||
Jan 27, 2018 | $2.01 | ||
Feb 3, 2018 | $2.01 | ||
Feb 10, 2018 | $2.01 | ||
Feb 17, 2018 | $2.01 | ||
Feb 24, 2018 | $2.01 | ||
Mar 3, 2018 | $2.01 | ||
Mar 10, 2018 | $2.01 | ||
Mar 17, 2018 | $2.01 | ||
Mar 24, 2018 | $2.01 | ||
Mar 31, 2018 | $2.01 | ||
Apr 7, 2018 | $2.01 | ||
Apr 14, 2018 | $2.01 | ||
Apr 21, 2018 | $2.01 | ||
Apr 28, 2018 | $2.01 | ||
May 5, 2018 | $2.01 | ||
May 12, 2018 | $2.01 | ||
May 19, 2018 | $2.01 | ||
May 26, 2018 | $2.01 | ||
Jun 2, 2018 | $2.01 | ||
Jun 9, 2018 | $2.01 | ||
Jun 16, 2018 | $2.01 | ||
Jun 23, 2018 | $2.01 | ||
Jun 30, 2018 | $2.01 | ||
Jul 7, 2018 | $2.01 | ||
Jul 14, 2018 | $2.01 | ||
Jul 21, 2018 | $2.01 | ||
Jul 28, 2018 | $2.01 | ||
Aug 4, 2018 | $2.01 | ||
Aug 11, 2018 | $2.01 | ||
Aug 18, 2018 | $2.01 | ||
Aug 25, 2018 | $2.01 | ||
Sep 1, 2018 | $2.01 |
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