Adding more capital to my business

Humphrey

Mombasa, Kenya

Funds disbursed

$0 to go

100% funded of $200 goal

days left

Follow Humphrey

How it Works

Entrepreneur

Name

Humphrey

Member since

May 2016

On-time repayments

70 installments • 0%

About Me

I am humphrey masika kwanusu by name, i was born in western kenya in a place called bungoma. i grew up in the village called wekelekha,After primary i went to khasoko high school for my a level.My dad passed away when i was only eight years.i grew up with mum who srugled for me get bussary for the secondary education and who also passed away in 1999 when i was still hazling alot.We were born seventeen but only six survived, iam a last born in the family,three ladies and three guys.All married with families.i was called by a friend to nairobi where he taught me clearing $ fowarding after which later secured a job and was send to mombasa.i was saving a little and afret some time, i quit the job and started a restaurant in mombasa town with an aim of achieving my goal in life which is my children getting better education for nation building.

My Business

My bussiness is average and can be able to sustain me and my familly.I make a net profit of about 20-25 thousand per month,but wanted to expand the bussiness so that i lift the income, as the place itself is ideal and also due to customers demands that nothing should not miss inthe restaurant in order to maintain them.What i can say is unique is the culture of circumcision which is perfomed every even year august,the running around with jingles and meat on the body and of which i also underwent.I chose this kind of bussiness because i had admired to do it from my childhood and also some of my friends who are in it and has been paid well in return. my costs are the stock,count licences renewals, health etc.My profit is usually school fees for my kids,and my house maintanance,After expansion thats when i will go for reinvestment.

Loan Proposal

I will invest the money received in enhancing my business capital . I will also set up a door to door delivering of food to the people working around this place.I will use the 200USD with buying food stuff of my restaurant.
This expansion will improve my family's income. We will be able to increase our savings towards owning our own home . We shall also provide employment to a few people for casual marketing.

We hope to grow our revenue by at least 40% which will increase our profitability.