Inventory of registering m-pesa company
Harbard
Kisii, Kenya
100% repaid
Entrepreneur
Name
Harbard
Member since
May 2014
On-time repayments
148 installments • 9%
About Me
Before I start to narrate my story first and fore most my sincere thanks goes to Zidisha lenders and to Zidisha as a whole fraternity for their great support for a warding me the first of USD 50. Actually for this loan I managed to open a cyber café of 4 computers.
Am a 22 years old yet married recently due to a great improvement of my business profits when I added my some computers from a zidisha loan. My wife is now pregnant which I hope will equipe me with a lot of responsibility. I come from polygamous family, my biological mother being a second wife. From the stories I have, my father married my mother because his first wife was not bearing children which forced my father to go for the second wife. Later on the first wife started bearing children and my father neglected us. Coming from the family of five it forced our mother to struggle to venture into business mostly selling shoes and clothes. She managed to educate us up to Form four levels except our sister who dropped in form three because of financial problems. After my form four I joined Gusii institute, because I did not manage to go for my degree course. I managed to accomplish my certificate in Information Technology in the year 2012. From there I did not get a job so I decide to venture into business of being a technician of programming computers. Being in that time that in Kisii Town Kenya I had many people venturing in cyber cafe business, typesetting and printing, I was so happy that I used to format their computers, installation of internet and also advising them where applicable and I used to get a good token from my customers. From the little amout I got from these customers I managed to save as little as possible and I came up with M-PESa which I used to operate on my own. Three months ago I applied for a zidisha loan and I used it to open a cybercafé of which I trained from my college HARBARD SAYS ‘’we have come from far but the go is not yet known, but with ZIDISHA WE COMFORT OUR SELF WITH HOPES’’
Thanks a lot..
My Business
For the last two months I have been receiving loans from Zidisha and up to some extent I am operating two businesses; A MPESA and a cyber café. My wife operates the MPESA and I operate the cyber café. At first I had the MPESAand when Zidisha offered me the first loan I added the stock to my MPESA and I used my savings to open a cyber café. I also added skype equipment to my cyber café which increased the flow of customers very great. Now I have decided to add some computers and even now buy a printer with a very high speed in printing to cater for the needs of my customers who have mass printing and most of my customers are university students who are working on research hence they do a lot of mass printing. I even make posters which need a printer of press printing. Now my expenses are just not high to hinder me not to repay my loans as illustrated below:
- Food: USD 89.5714 per month
- Clothing USD 50.3839 per month
- Since we stay in town we pay rent of USD 55.9821 per month
Note the following: we have agreed with my wife to cut our monthly expenses as follows so as to be eligible to pay zidisha loan if we qualify to be given:
a) On food: USD 6.71786
b) On clothes: USD 30.2304
c) Rent: USD 27.9911
This will add up to USD 64.93936 per month to pay our Zidisha loans.
Thanks Zidisha team
Loan Proposal
Once I get this loan I will register my own Company under my own names as HARBARD TOCHI. Later on I will add new products to my business like Scratch cards, Sim cards and Sim replacement. I will cut my expense and increase incomes as possible to cater for my loan repayments. Some of us when we remember where we have come from we realize the needy of saving the little we get. And Kenya being a developing country it is hard to get such Zidisha like teams in our country because our country is a dependant country to already developed countries like USA China and the like. So my fellow Kenyans let us wake and utilize these lenders at least tomorrow we also lend to the needy people in the other countries or within our country
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Jun 10, 2014
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
Austin, United States
Republic of Korea
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