Banda shop

Linah

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Linah

Member since

March 2016

On-time repayments

86 installments  •  76%

About Me

I was brought up in humble background by my parents in Kiserian Kajiado county. I did my primary and secondary school levels in Kiserian. Later I joined college and did the course on Food Production. I have been employed for the last 12 years and I later decided to quit and start my own hotel.
The uniqueness of our land and culture being a Maasai is that we have a rich culture that attracts tourists all over the world to see Maasai people and how they have preserved their culture.
I am a single mother of two children, a boy and a girl. My daughter would like to be doctor and my son a pilot.
My hobby is swimming and playing tennis

My Business

I provide fast foods and soft drinks. With the busy lifestyle, people prefer fast foods because they can take away and eat at their appropriate time.
I chose this business because of my career in Food production.
My typicals costs initially I started with a capital of Ksh100,000 because I had to buy jiko, friers, seats and tables, rent and renovations. Currently I use Ksh30,000 per month.
I use the profits I derive from my business to educate my children, pay house rent, and buy food

Loan Proposal

When i get this loan first i will renovate the shop and i will add my stock to my business that's the fruits and vegetables. I will also buy some extra foodstuffs like cereal because of the turn up of the people in the shop there is a good turn up in my shop despite whats going on in the world during this pandemic. This business have helped me alot by using the profit to pay the school fees to my children so i have to expand the business by buying enough stock

Income Source

In all business ventures profit ,losses,risks and uncertainities are always envitable.But having done proper analysis of my business enterprise i conclude that i cannot go wrong. The economic climate has been adversely affected mostly by the covid 19 but it has also created a shift in domestic consumer consumption patterns in several house holds consumption of fruits and vegetables has drastically increased which has made me capitalise on it. All the supplies i procure are always over by 6pm which gives a steady cashflow will enable me repay my loan on time without any delays

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$69.00

Date disbursed

Nov 14, 2020

Repayment status

On Time

Projected term

6 weeks

Lenders

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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