Expanding my restaurant business

Paul Kamau

Utawala,embakasi Division, Nairobi, Kenya

100% repaid

Entrepreneur

Name

Paul Kamau

Member since

May 2013

On-time repayments

203 installments  •  75%

About Me

My names is Paul Kamau Mbugua and I was born in the year 1972 in kiambu district and brought up in a christian family. I am married with three children, One of the children has finish his o level exam and is waiting to join the university/ collage when I get enough funds to send him back to school, the rest of my children are in primary school. I work very had to make sure they get good education and life. I have worked in many field to help achieve my family needs,I finished my O level in the year 1994 after that I was employed in a Bakery as a baker of bread for about five year before moving to another bakery as a sales executive. I was the employed as pharmaceutical dispenser in a international company called Norbrok Kenya Limited.

My Business

After working for Norbrok Kenya Limited for about four years, I decided to start my own business of selling meat in Kawangware Stallite in Dogoreti Nairobi before moving to Utawala for the same business of selling meat. The business of selling meat is more profitable in Utawala as must Kenya must eat meat at list once a day and this makes me make a good profit every day,In day a sell about 100kg of meat making a gross profit of Kenya shillings Ksh5,000 per day that is Ksh 150000 per month and after paying a for my monthly expenses the rest I use to pay for my children school gross profit.The main challenge for this job is lack of cooling system to preserve meat which is very perishable and lack of enough capital to purchase high quality meat which sells faster.

Loan Proposal

Dear lenders I wish to apply a loan to further expand my business, I want to construct and expand my business to include a new sitting and eating place for my customers where they can enjoy good meat eating environment. this will cost Kshs 150,000 and will improve my profit by over 20 percent. Thanks all for partnering with me.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,713.01

Date disbursed

May 26, 2016

Repayment status

On Time

Projected term

10 months

Cost to entrepreneur

Service fee: $85.66

Paul opted to pay $148.42 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

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United Kingdom

VC

Victor Chong

United States

KL

Karen L Brown

United States

JM

Julia Melk

United States

BE

Bob Ewing

United States

JD

JASON DORSETT

United States

V

VJ

Canberra, Australia

AB

Andrew Bent

United States

RH

Robert Harris

United States

TB

Tom Bishop

United States

BP

Bill Piper

United States

Ellen

Michigan, United States

PC

Peter Cordier

United States

MB

Mimi Botkin

United States

HCPSPIRIT

Helsinki, Finland

M

Mika

Switzerland

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