Open a new branch of my restaurant

Geoffrey Wasike

Nairobi, Kenya

29% repaid

Entrepreneur

Name

Geoffrey Wasike

Location

Nairobi, Kenya

On-time repayments

210 weekly installments  •  69%

About Me

i was born fifth in afamily of six when i was barely 2years my father died .leaving my mum to bring up a family of six boys as a single mother. isat for my kcpe in the year 1990 and joined ahigh school in the following year after four years i sat for my kcse in the year 1994 it was not easy for mum to pay for school fees of three of us who were in secondary school given that she was jobless during vacations we could be hired to work in peoples farms atleast to raise school fees .after going through all this i managed to score amean grade of c minus .after finishing my secondary education i had no other choice other than joining the transport indusry to work as atout given that i had no training i worked as atout for aperiod of 5years in between the 5years i also enrolled in college to study accounting that is CPA COURSE after completing part one of CPA successfuly my mother died it was avery difficult time for me and that incident forced me to drop out of class that is to say icould not continue with my studies anymore.i stayed in astate of confusion for one year before i came to terms with what had happened and immediately made a decision to go back to the matatu industry and work as atout for like two years before i made adecision to start up abussiness at this time i had saved enough to enable me start a small ironsheets hotel bussiness.after three years of running that foodkiosk i decided to boost up my income by starting up the outside catering services such that we can be hired to occations like weedings,funerals,birthday parties,etc to prepare meals for the guests i found out that it was avery brillant idea because it responded so positively trully speaking bussiness is doing well only the challenge i have is the operating apparatus which i believe as i stay with u i will be able to purchase them so that i can avoid alot of expenses i normaly incure on hiring.this will save me from unnecessary expenses. on family matters i got married to my lovely wife in the year 2006 and we are blessed with two boy,s i,m avery close friend to my boys my first born talks of becoming adoctor when he grows up but the second born says that he would like to be business man .during my free time i enjoy going out with my family and make fun which gives as agood opportunity of bonding

My Business

presently i have arented hotel located in embakasi called classic hotel nearing pefa church embakasi along simbavilla baraka road my hotel is doing well i have 2 workers i n looking forward to expand more once i get finances so that i can increase my income.apart from da income fron hotel ialso give out outside catering services where we are hired to cook in functions like weedings,birthday parties.i chose this type of bussiness because from my childhood i liked cooking given that we were born only boys whenever i could cook and family members enjoy da meal i felt good even up to date whenever my customers apploud me i feel great. i buy raw materials from the big market twice a week and store them in the fridge.buying on the big markets enables me acquire them at wholesale price thus increasing my profits.i have two school going boys who takes an eighth of my business .profits as in school fees.i,m also planning to open abranch as re investment.i normaly buy fresh products from da market then cook in my hotel my hotel is based around aschool where mostly students come for food .i chose this kind of bussiness beacause since my childhood i liked cooking and also after doing reasearch i realised that there was no hotel around that area yet students used to walk long distance in search of food.as at now i make atotal collection of twelve thousands kshs against cost of eight thousands leaving me with aprofit of four thousands. i spend ten percent as school fees for my boys,spend 20% om improvement of the physical appearance of da hotel,30% is spend in our daily needs in da house and 40% for re investiment like as now i,m constructing semi permanent rental rooms in my plot back there in the rural which i believe once i complete they will increase my monthly income because i will have to rent them out to tenants at amonthly rent of ksh 1500 .this will enable me venture into more investment in the future and i believe through doing all this i will be growing

Loan Proposal

i have been running arestaurant for the last eleven years which has given me enough experience of how to manage a restaurant as i was strolling in my neighbouring estate i came across a vacant business hall after making some enquiries i learned that whoever was occupying the place was running it as arestaurant but left after securing abig job in government .i showed some interest which landed me to the landlord actually it is located at apotential place and given a chance to carry out business at that place iam 100% that i will have positive returns .the money i have reguested for will enable me buy hotel equipments i.e tables ,seats .rent payment plus deposit raw materials .the rent plus deposit is kshs36000,seats 24 pieces each costs khs1500,also tables each 3500 atotal of 6 pieces kitchen ware like jikos ,sufuriars/plates will cost me atotal of kshs25000.and raw materials will cost ksh15000.starting this bussiness will create 4 job opportunities because i will need two waiters ,one cook ,one cleaner.starting this business will also increase my monthly income given that i have another operating restaurant and also will enable me gain more experience given that what i want to open is bigger that the present one the branch i intent to open will create three job opportunities to unemployed young men/women .with the loan and my commitment i fully believe that everything around me will change may i thank you in advance hoping for the best of your consideration

Feedback

9

None

None

  • Margaret    Feb 1, 2018

    The loan was paid off perfectly.

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  • Margaret    May 29, 2017

    Geoffrey paid off his loan perfectly and was a pleasure to work with. I would gladly lend to him again and encourage others to do the same.

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    • Geoffrey Wasike    Nov 19, 2017

      margaret goodmorning
      may i bring this to your attention margaret actually i,m now left with only seven days before my loan proposal expires but i,m worried coz i may plunge into financial crisis because quite anumber of materials for electricity and water i had already placed an order plz advice

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  • alecors    Aug 11, 2016

    Congarts Geoffrey

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  • Paola M    Mar 14, 2016

    Geoffrey has given updates and paying on time. Keep working hard Geoffrey! My best wishes!!!

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    • Geoffrey Wasike    Apr 11, 2016

      thanks paula with the help of the zidisha team sky will be the limit once again i say thank u paula

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  • Wendy Emlyn    Mar 14, 2016

    Geoffrey has made regular payments, and has cleared his loan on time

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  • andyfletcher    Aug 21, 2015

    Good payment record.

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  • howard    Aug 18, 2015

    Thank you, Geoffrey, for your correct repayments.

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  • Roy    Jun 2, 2015

    Repaid on time. Thank you.

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    • Geoffrey Wasike    Jun 3, 2015

      thank u roy the loan u extended to me was of great help it has moved me from one level to another and i`m looking forward to grow with you. once again i say thank u

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      • Geoffrey Wasike    Jul 29, 2015

        may i thank u so much coz the money u send me i managed to rent anice business room which has greatly improved my bussiness soon i will be sending u aphoto of my new business location thank u sidisha i have now attached my photo in my new hotel my bussiness is doing so well and i,m looking forward to working with u

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        • Geoffrey Wasike    Aug 5, 2015

          may i take this opportunity to thank u zidisha coz i managed to move to anew location which has made my business to greatly improve the attached is my photo in the new hotel

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    • Geoffrey Wasike    Apr 11, 2016

      yes roy thank u for encouraging me i believe with the help of u and the entire zidisha team i will go far and struggling in life will be athing of the past.my desire is that let my life change positively .once again isay thank u roy

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  • YP    Jun 1, 2015

    Repaid on time.

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    • Geoffrey Wasike    Aug 26, 2015

      thanks yp i will continue to co operate as i look forward to see my vision get realised once again i say thank you yp

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Loan Info

Project Type

Classic Loan

Disbursed amount

$879.00

Date disbursed

Oct 28, 2019

Repayment status

Late

Projected term

9 months

Cost to entrepreneur

Service fee: $39.52

Credit risk payment: $237.09

Lenders

Dianne

Maryville, United States

mendiros

Accra, Ghana

C

CWS

Huntington beach, ca, United States

C

Christian

Saarbruecken, Germany

R

Raabo

Rungsted, Denmark

AH

Aleksi H

Helsinki, Finland

investor

Candiac, Canada

C

chkuo

Taipei, Taiwan

V

vamPierchen

Luxembourg, Luxembourg

BelleStarr

Albuquerque, United States

AltruisticSelfishnes

Chicago, United States

DeanDropshot

Oslo, Norway

S

soren

Göteborg, Sweden

J

jonase

Boise, United States

ninamaqami

Ankara, Turkey

ErikN

Stockholm, Sweden

evinpa

United States

B

bizarresmom

Willowick, United States

MarktheMormon

Sandy, Utah, United States

C

czeisler

Hochheim, Germany

L

ldron7

Utah, United States

Martin

Manama, Bahrain

A

anonymus

Moon, United States

T

Tallago3

Munich, Germany

Pere

Barcelona, Spain

AF

a f

washington, United States

johnandmoliehi

Canton, New York, United States

T

ToddK

Indianapolis, IN, USA, United States

C

cjmenchaca

Austin, United States

BJ

Brandon Joz

North Carolina, United States

R

rmacaw

Australia

Jeff and Marcie

Portland, OR, United States

E

Elisa

Espoo, Finland

gr8ful

Syracuse, United States

J

jdhowa2

Louisville, KY, United States

HansLindgren

St. Julians, Malta

S

Siegerman1

Portland, United States

Raymondo

Dublin, Ireland

B

Bavarian

Bavaria, Germany

TheMoonDuster

Brisbane, Australia

C

chrisherron

Chicago, United States

G

grahamfamily

Guildford, United Kingdom

KatyRose

Manor, Texas, United States

athomas

Chevy Chase, United States

gbnbca

Janeville, Canada

Myrar

Aarau, Switzerland

A

Aman

Johannesburg, South Africa

Erica

Caledon, Canada

E

ebronken

Oslo, Norway

Cloudways

Malta, Malta

IA

Ismini and Jerry

Stamford, USA, United States

J

jzidi

Los Angeles, United States

A

Austrian

Graz, Austria

E

EnhanceLife

Heber City, United States

OzKiwi

Brisbane, Australia

AdvancingCompassion

San Diego, United States

S

SvenWaage

Stavanger, Norway

McJulio

New Jersey, United States

peanut

Halifax, Canada

ads68

Melbourne, Australia

S

Scodeb123

Huntsville, United States

Christopher

Copenhagen, Denmark

Bhayl

Stavanger, Norway

P

Peksa

Espoo, Finland

T

Tui1974

nuenen, Netherlands

S

schvan

Las Cruces, United States

A

Andy

Berlin, United States

A

Adam3333

Hague, Netherlands

nakamura

United States

8

8chrono8

London, United Kingdom

G

glh25

Winooski, United States

fairspirit

Utrecht, Netherlands

N

netsirkd

Highland, United States

Bobrm2k3

Charleston, United States

I

ianb723

ROCHESTER, United States

nmatpt

Lisboa, Portugal

Z

zedoud

Hamburg, Germany

joaoferraz

RINCHOA, Portugal

A

amish

San Francisco, United States

JTShorty

Gorham, Maine, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

ShaneS

Port Pirie, Australia

G

Goldrivermob

Gold River, Canada

Kathunka

Bern, Switzerland

K

Krishroff

Dubai, United Arab Emirates

S

Sclodfelter

Los Angeles, United States

Nadja

Weissach, Germany

C

Colmena

Chicago, United States

paulclinton

malaga, Spain

A

AndrewC

London, United Kingdom

B

Bokolo

Leeds, United Kingdom

gseletko

South Perth, Australia

A

anagnan

BRUXELLES, Belgium

P

Pavane

Kungsbacka, Sweden

R

run426

DeBary, United States

N

NickLuder

London, United Kingdom

O

Ohio

Ohio, United States

E

Escalada

Bakersfield, CA, United States

GuillaumeTeissier

Montréal, Canada

M

Mikel

Buchs, Switzerland

D

DelapierceD

New York, United States

ibc123

Seattle, United States

xtrahardware

Cazenovia, United States

E

E

Marin county, United States

DocHolliday

Legend, United States

mikeice

Kohler, United States

C

Clben7

Cincinnati, United States

M

MarkKrakow

Joliet, United States

G

GanSatya

United States

sderickson

Berkeley, CA, United States

O

oonbug

United States

pvilliger

Zurich, Switzerland

D

drorm

United States

MalcolmL

San Francisco, United States

D

Daisy

Netherlands

R

RJonR

United States

S

spivurno

United States

M

Mal57

Australia

M

Michi

Switzerland

J

jenda

Czech Republic

M

malig

Switzerland

bb4dogs

United States

mepster

San Francisco, Ca, United States

chriseyre

Fremont, Ca, United States

A

angelapeat01

United States

R

RonEddy

United States

S

simonthompson99

United Kingdom

TyWee

Manila, Philippines

B

bscent

Hong Kong

A

AnnaLou

Switzerland

W

wesbh89

United States

Grant Xavier Storer

Seattle, Wa, United States

T

Tim47

United States

A

AlexH

United Kingdom

K

kennychit

United States

Pascal Coyles

Ghent, Belgium

C

ColoradoSkier

Denver, United States

S

stryker75

United States

SV

sven vdk

Twickenham, United Kingdom

H

happyhappy

Switzerland

P

pnrjulius

United States

T

Tony1

Australia

S

SuzanneD

United States

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

KM

Kirsty M

United Kingdom

J

Joe

New York, United States

S

Sven

Netherlands

E

Erich

Zurich, Switzerland

Jeroen Decock

Gent, Belgium

Dave Bogard

New York, United States

Roy

Espoo, Finland

MW

Matt Willis

United States

Jake Badger

Roskilde, Denmark

K

Katrine

Drammen, Norway

Mark Thumpston

Solihull, UK, United Kingdom

PR

peter reibold

United States

Kate Courteau

United States

Lou Kaucic

Sanbornton, NH, United States

Richard

Shrewsbury, United Kingdom

E

erica

antwerpen, Belgium

Kristin Rhodes

Kansas City, Kansas, United States

moursund

Beaver Nation, United States

Max Lettenberger

Madison, WI, United States

Kevin

San Francisco, United States

Jennifer Weber

Canandaigua, Ny, United States

Cameron Graham

Nashville, TN, United States

C

cota

United States

John Prendiville

Portland, United States

ME

Manaal Eisa

Washington DC, United States

Emma

Australia

TH

tom hd

United Kingdom

Carla

Amsterdam, Netherlands

Framework Eyewear

Utrecht, Netherlands

MC

United States

roark22

Geneva, Switzerland

Ed

Howells, United States

M

Margaret

United States

Ronald

Perth, Australia

N

Nikko

United States

Ask Geoffrey a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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