Ict center project

Kosgei

Eldoret, Kenya

100% repaid

Entrepreneur

Name

Kosgei

Member since

April 2016

On-time repayments

12 installments  •  8%

About Me

About me
I was born in a small town called Nandi Hills in Kenya. I began my education at Cheplelachbei primary school and later joined Koilot Secondary School. After my secondary education which took five years due to fees challenges, I managed to join University of Eldoret where I pursued my Bachelors degree in Actuarial science. During my childhood, i never imagined i would join University since i had a notion that university belongs to the affluent. Moreover, I was sure that I would continue studying
mathematics and sciences anyway. After my secondary education, I spent most of my time teaching mathematics in a neighboring primary school as one of my hobby. Luckily, I was sponsored by a well-wisher to pursue my dream whereby he paid my tuition fee. I was so grateful for the guardian but I must admit life there was not a walk at the park as i had expected. Studying, paying rent and acquiring basic needs successfully integrated in me as part of my obvious problems. But I thank God because if it was not of his grace i would have gave up. I opted for transformation and bought a used computer from a friend after which the computer helped me a lot. I would type assignments for students then print elsewhere because I had no printer. It became my source of livelihood at the school. It helped me till I completed my four year study in the most captivating department of mathematics and computer Science.

My Business

My Business

I opened a shop which offers photocopying, typesetting, printing, scanning and online applications. This is a good paying job because i get an average of $100 a
week. I love offering computer services this has made me see the business as a good paying job but behind my mind i know I have not attained maximum productivity.

Business Proposal

I am setting up a cyber cafe business but lets call it ICT center because it will be a big cyber cafe. I am planning to install 10 computers at and estimated cost of 100 USD per setup. I am expecting one computer to be used by clients/Customers for as least 6 hours (360 minutes). At estimated cost of 1 KES per minute, i will earn KES 360.00 in each computer per day. This translates to (10 computers * KES 360) which equates to 36 USD per day. This will increase my income exponentially and I will be able to help my younger brothers and sisters and other needy people in my society live a better life.

Thank you all.

Loan Proposal

To finance upgrade my network speed from using a modem to purchasing 2 mega bites per second network.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$5.00

Date disbursed

Nov 4, 2019

Repayment status

On Time

Projected term

2 weeks

Lenders

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  • Kosgei    Aug 20, 2022

    I did manage to set up a call center but the airtime and data purchased were not enough to kick off the cyber business. In this regard I do apply for this loan to set up a basis to grow my credit limit.

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  • Kosgei    Nov 5, 2019

    Thank you.

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  • Kosgei    Oct 25, 2019

    Dear Lucy Burns,

    Thanks for the loan, much appreciated. Literally, 5$ is not enough but it will help. The reason why I opted for 5$ is because that was the ceiling . If that was not the case I would have applied for 250$ and repay for a longer period. Thanks once again.

    Best regards,
    Elkana Kosgei

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  • Lucy Burns    Oct 24, 2019

    Good luck!

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  • Lucy Burns    Oct 24, 2019

    Dear Mr. Elkana!

    Is 5$ enough for a loan? Wouldn't it be more efficient (or less work?) to get a higher loan over a longer amount of time? Or is one Dollar really worth so much?

    Kind regards!

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  • Kosgei    Oct 24, 2019

    I used the previous loan to purchase data and set up my computers. The loan was so useful to me and look forward for your support further.

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  • Kosgei    Sep 19, 2019

    Thank you lender, I have received the amount applied for in full. I will use the amount to purchase data and advance my business.

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  • Kosgei    Sep 25, 2018

    I have just purchased data bundles to help me update my online accounts data. Thanks for the loan.

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  • Bernard    Oct 8, 2016

    Dear Lenders I called Kosgei and he said that he will start paying next week Wednesday.

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  • Kosgei    Sep 24, 2016

    Thanks to zidisha team. I am now freelancing using data bundles I bought from zidisha loan.

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  • Kosgei    Sep 10, 2016

    Thank you!
    I will use to buy data bundles for my research.

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