Buy color printer and add more stock to cybercafe
Peter
Kitale, Kenya
7% repaid
Entrepreneur
Name
Peter
Member since
December 2014
On-time repayments
249 installments • 10%
About Me
My name is Peter Maina Ruoro.Am married and a father of one. I live in Kitale town Trans Nzoia County. I hold Diploma in Information Technology. I operate a Cyber café in the Kitale town CBD. I was initially employed as a System administrator in a company in Kitale town which was my great inspiration to starting my own business .I started this business mainly to earn a living and to be self reliant .The income I get from my business is mainly used in paying for bills,business expansion and investment.
During free time I love listening to music, reading, hiking and traveling.
My Business
My Cyber café business is located in Kitale town it deals with internet services, printing, photocopy services, and sales of computer accessories. My business generates good income in a day, which enables me to pay my assistant who we work together, rent, electricity, and other bills. I need to add more stock i.e photocopy papers,flash disks and ink cartridge i have ten computers am operating with and through this I will increase my daily income to a great deal.I also deal with software installation which add to my daily income.
Loan Proposal
I would like to thank my lenders and Zidisha community for having faith in me with the previous loan.It really bosted my business and made a big impact in my life.
When given this second loan i will buy an Epson color printer which will enable me to do color photocopy and printing at the cyber.This will increase my profit margin since the demand for this service is high.I also need the loan to add my stock of photocopy papers and flash disks since the schools will be closing next month for Easter holiday therefore it will be peak time for my business since there is high demand of photocopying exams and printing of assignments.
The profits i get from this venture i will use it to pay fees for my daughter,pay my bills and the rest i reinvest.
By adding a color printer plus the stock i expect my profits to increase by 30%.
My estimated budget is as follows:
Epson colour printer = ksh 25,000/=
photocopy papers = @400 x 10 = ksh4000/=
Flash disks = @ 500 x 7 = ksh2100/=
Thank you once more.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$360.00
Date disbursed
Apr 7, 2015
Repayment status
Late
Projected term
78 months
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