Add stock to hotel business

Edward

Kitale, Kenya

62% repaid

Entrepreneur

Name

Edward

Member since

August 2017

On-time repayments

17 installments  •  82%

About Me

I am a Kenyan citizen aged 46, I operate a hotel and guest house business in kitale town and have been in the industry for more than 6 years now and also own a posho mill. It has helped me take my kids to school and also enabled me acquire 1 acre of land and built a home for my family. I have 5 kids, 3 boys and 2 girls one has already finished university with a degree in business management and currently looking for a job, one is in university, 1 in form two and one in class eight.

My Business

I run a hotel and guest house business in kitale town which entails selling of foodstuff, juice, nyama choma and soft drinks to customers daily except on sundays. I have done this business for the last 6 years and has paid and mantained me alot. I also run a posho mill that helps me and the community to mill maize flour for ugali. I have dreams of expanding the business in the coming future.

Loan Proposal

I will buy rice 50 kgs which is approximately $50 buy cooking oil 10 litres approximately $12 .This will enable my daily business operations run smoothly and efficiently and also it ensures my day to day customers are satisfied. I expect a profit of around 60% which is about $35 after deducting all operational costs. Any assistance offered to me will be highly appreciated. Thank you

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$62.00

Date disbursed

Jan 18, 2018

Repayment status

Late

Projected term

6 weeks

Lenders

JimVandegriff

Trinidad, California, United States

SteveFylde

United Kingdom

W

Wade

United States

RC

Rudi Chen

United States

HCPSPIRIT

Helsinki, Finland

Paul Buchheit

Mountain View, United States

B

Ben

United States

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