76 installments • 28%
I am Richard Mutisya, born and brought up in Kitui on the Eastern side of the Republic of Kenya. I went to school up to secondary school and later got a job in Mombasa where I was working in a music store.
I am married and I am a father of two children aged 12 and 5 years old and they are all in school. I am a team player and I participate in many social work and I am also actively involved in church activities. I am a family man and I like inculcating good values to my children and those around me.
I believe hard work pays and through the years, I have struggled a lot to be where I am and I believe in making progress year after year. I also like doing charity work when time and resources allow especially helping the aged in the society with their chores.
I run a small hotel where I serve food people from the local community and the surrounding areas. My business employs three workers and I am the fourth one. We prepare local cuisines and our prices range from $1 for a simple meal to $3 for a sumptuous meal.
Due to my experience in this area and maintaining high standards, I am almost always assured of a good flow of clients in my hotel. I make sales of about $500 per week out of which 10 - 15% is my profit after all expenses are paid. I use this money for my family''s upkeep and support my parents back home.
This is a modest amount of profit by urban standards and it leaves no room for business expansion. For this reason, I have to rely on credit for any kind of expansion hence my decision to join Zidisha.
I run my business in Mombasa town which is coastal city with a typical tropical climate and high humidity. This makes refrigeration a very important part of my business. Unfortunately due to inadequate funds, I am unable to buy one. The effect of this is that a lot of food goes to waste due to lack of refrigeration.
If I get this funding, I will be able to secure a second hand fridge at a cost of $200. I intend to top up the difference with my own savings. To all lenders, this is a viable project and I till make a big difference in how I do my business and curb the wastage that I am currently experiencing.
Due to the daily flow of customers to my establishment, I will be able to pay this loan as stated above. Kindly consider lending me and make a difference in my life.
Oct 2, 2014
Cost to entrepreneur
Lender interest: $116.65 at 4.79% annual rate over 7 months = $3.55
Service fee: $2.71