Business expansion

Mauricen

Nakuru, Kenya

Expired

$579 to go

15% funded of $679 goal

days left

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How it Works

Entrepreneur

Name

Mauricen

Member since

January 2014

On-time repayments

322 installments • 85%

About Me

I am a Kenyan citizen living and doing business in Nakuru outer-ring. I am running a fitness center business based in section 58. This business facility started in the 2013 beginning and has since generated a lot of interest thereby translating into an ever growing customer base. This has made my business to withstand various challenges over the recent past including the economic changes by the government pertaining business operation in Kenya. The business runs a recreation center including various gym equipment and a pool table that generates enough income to sustain the business. Earnings from the business are usually used to fund daily operations and other expenses such as paying labour, utility bills such as water, electricity, rent and other logistical operations.

My Business

The business is all about being healthy and maintaining fitness among the populace. The facility charges 100shillings per day per day for individuals who wishes to partake their daily exercise. By this, the business makes an income of up to Kshs 100 per day with an average of fifteen people in a single working day. The total income from the business is averagely kshs32,000 per month. The total expenses amount to kshs18,000. This leaves the proprietor with a net profit of kshs14,000 per month. The major challenges that i usually experience includes the frequent power shortages which occur without notices. My intention is to acquire the loan and use it to fund further expansion and operations of the business including opening new branches and addition of more modern gym equipment. I believe with my current earnings, i will be in a position to adequately repay the loan as scheduled by zidisha team.

Loan Proposal

Thank you for having assisted me grow my business through the years we have been together, this time I want to buy two additional stationary bikes thus I request for your assistance. This will help me accommodate many clients at a go, thus boost my profits and grow my business to even greater heights. Thank you.