Entrepreneur
Name
Barrack
Member since
August 2015
On-time repayments
67 installments • 58%
About Me
Am Barrack njoroge from Kenya i schooled in the rift valley before transferring to Nairobi eastlegh high school for my secondary school after school i dint perform well so i did not make it to join campus,
My parents are casual workers for veg pro company at Jomo Kenyatta airport and are not paid well that they could see me through parallel education which is expensive.
I had to join the rest of the world and hanging out as a spoil t kid made me waste two years which i regret so much,However i dint give up and started going for labor jobs in my neighbor hood.
Road projects came with the chines s and this to me was a golden opportunity i couldn't afford to lose, I worked for a year with chines top construction company named Wuyi constructing Thika road and because i had felt the pain of not being employed i worked towards saving and set my goals on opening a small business.
I managed to open a small hotel which was under a tree feeding the workers working in the chines s company. As time passed i grew from feeding 20 guys a day to 180 guys for every meal i stated viewing life from a different perspective and as i struggled hard my dearest mother did boost my capital, I then decided to rent a space in my town and set a very unique hotel where i transferred skills from cooking chines s food to the hotel of mine.
My chines s boss liked my idea and atymes the chines s workers and engineers would visit and take meals from my hotel this boasted my sales and enabled me to construct my house at home.
my siblings are proud of me and my parents are definately happy about my life.
My Business
My business is in hotel industry where me and my two friends cook for sale,
I receive 200 people a day and make a profit of unto 5000ksh a day i use 2000ksh paying my guys and 1000 saving for school which i want to go to and 2000 for sustaining my hotel and support my brothers and sisters.
food is a necessity and found this need to cook food to my people.
Loan Proposal
I would use all the loan to buy seats at a wholesale price one seat is 5.5 US DOLLARS in retail and buying 10 seats at a wholesale price will cost me 45 us dollars at 4.5 us dollars each.
The remain cash which i presume will be 33 US DOLLARS i will add 100 spoons and 32 plates at a wholesale price of 0.1 US DOLLAR each spoon and 0.6 US DOLLAR per plate.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Sep 9, 2015
Repayment status
On Time
Projected term
11 months
Other loans
Lenders
Chicago, United States
Germany
Taiwan
Germany
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