Acquistation of chairs and tables for my hotel
John
Kamwangi, Kenya
100% repaid
Entrepreneur
Name
John
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 which i paid without arrears due to the increased profit in my hotel.
I completed the extension of my hotel by the help of the previous loan that you granted me. I am now looking forward to secure another loan which will help me in furnishing the new eating place. I am optimistic to be granted this loan on time and will go hand by hand to complement my savings towards the purchase of 6 set of dining tables that includes (6 tables and 24 chairs).
This how I intend to use the loan:-
1). Buy 3 round tables @ USD 60 = 180 dollars
2). Buy 6 chairs @ USD 20 = 120 dollars
3). The remaining will be used for transport.
This will increase the number of customers who will be served daily hence raising our profit margin to approximately 60%.
Thank you for supporting my vision. God bless you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$323.00
Date disbursed
Aug 4, 2015
Repayment status
On Time
Projected term
4 months
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