Acquisition of deep freezer and juice blenders for my hotel

John Kariuki

Kamwangi, Kenya

100% repaid

Entrepreneur

Name

John Kariuki

Member since

January 2015

On-time repayments

86 installments  •  86%

About Me

My names are John Kamau Kariuki 58 years of old from Kenya. I reside in Kamwangi Estate, 20km west of Thika town. I am happily married to Mary Njeri and blessed with three children, 2 have completed university while last born daughter is a second year student in one of the university in Nairobi Kenya. I am a civil servant and doing business as my part time job. Through savings from my salary I was able to set up a hotel business in my town area. This hotel has attracted lot of customers due to quality food, good customer’s service and good competitive food and beverages price. I have been able to employ 8 workers in that hotel because of the flow of customers everyday. I am planning to offer outside catering in various occasions like weddings, parties, graduations, birthdays and dowry ceremony among others. I have a vision of establishing many other hotel businesses in towns around my area and Kenya at large. This expansion will not benefit me alone with vast vast good returns but will also create job opportunity to many young people.

My Business

Am running a hotel business in Kamwangi town which I started 2 years ago. It was started from a humble beginning with only one bench but today it can accommodate 50 seated customers at ago. This hotel has been experiencing vast growth due to quality food, customer service and reasonable prices. I have been able to employ 8 workers so far. The quantity of food has been also another reason where customer flows due to availability of goods and services. I have cut short expenses by providing some products direct from my farm such as milk, eggs, onions, tomatoes and other horticulture products. This has reduced my expenses with 35% and thus increasing my profit margin. I am planning to expand my services by doing outside catering in various occasions like weddings, parties, graduations, birthdays and dowry ceremony among others and also establishing many other hotel businesses in towns around my area and Kenya at large. This venture will require more money to be realized so am looking forward for a platform to borrow from Zidisha Team.

Loan Proposal

Hello esteemed lenders wish to thank you for the previous loan.

I managed to buy to buy deep fryer and microwave by the help of the previous loan that you granted me. I am now looking forward to secure another loan in this platform which will help me buy a deep freezer and juice blenders since i am intending to target travelers in this sunny season. I am looking forward to be granted this loan in time an promise to repay on time as i have always made.

Budget:-
1). Buy Deep freezer @ USD 280 = 280 dollars
2). Buy 3 Juice blender @ USD 50 = 150 dollars
the balance will be used for transport.

By introducing cold juice will attract travelers and thus increasing my profit margin. I am optimistic that this will raise my profit to a margin of 80% .

Thank you for supporting my vision. God bless you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$481.01

Date disbursed

Feb 23, 2016

Repayment status

On Time

Projected term

10 months

Cost to entrepreneur

Service fee: $19.91

John opted to pay $107.96 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

A

andyfletcher

I want my "My loans" page back, Qatar

A

anonymus

Moon, United States

T

ToddK

Indianapolis, IN, USA, United States

B

blahblah

Nuernberg, Germany

JimVandegriff

Trinidad, California, United States

D

Divergent

Bethesda, United States

L

loistf

Madrid, Spain

ads68

Melbourne, Australia

fairspirit

Utrecht, Netherlands

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

xtrahardware

Cazenovia, United States

mepster

San Francisco, Ca, United States

Lisbeth

Perth, Australia

K

Keith

Luxembourg

KM

Kirsty M

United Kingdom

Haim Si

Mexico, Mexico

Gab

Singapore

Dave Bogard

New York, United States

Roy

Espoo, Finland

W

Wade

United States

JD

Jeff DePree

United States

BB

Ben Bellows

United States

Martin Nielsen

Aarhus, Denmark

PG

Paul Graham

United States

wissam

Jeddah, Saudi Arabia

Rosario von Li

San Jose, Ca, United States

DK

Danny Kelly

United States

HPK

Switzerland, Switzerland

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