Business expansion opportunity for self reliance

Linet

Umoja 1 Innercore, Kenya

100% repaid

Entrepreneur

Name

Linet

Member since

August 2014

On-time repayments

40 installments  •  73%

About Me

I was born and bread in the the capital city of Kenya, Nairobi. I am currently married with two beautiful daughters 20years and thirteen year old. Due to the passion for organizing cook outs and entertaining friends and relatives as one of my hobbies, I decided to seriously take up event organizing. Soon I started receiving requests from friends and relatives to organize functions. I bought 100 plastic seats and bought 2 tents for 100 and 50 seater capacity for hire. We have since been organizing weddings and corporate functions. I would like the business to grow since bigger functions will requires for items for an efficient function. I am glad that I am also getting more help from the family members, especially my daughter who cleared high school last year is very keen on the job and I would like her to take over one day as a source of income.

My Business

My main goal is to be self reliant in future to minimize the cost of hiring. If I get the loan I will continue to purchase items that we use in the event industry such as video camera, more seats, fabrics for decoration get new tents and catering appliances. This will cost me at least Kenya Shillings 500,000 or more in total. I am grateful to zidisha for the past loans that enabled me to buy two big cooking pots and 10 more seats. With my last loan I added 2rolls of fabrics that are used for decoration. I would like to increase my stock continuously. Since the event industry is quiet dynamic it is important to keep up with the current requirement. This is why I will always be buying current tents since or are now old and outdated.
I am currently operating from the house it becomes very uncomfortable for both parties. clients must come home and view the items they are hiring. We also spend so much money on hiring of transport I would like to minimize on cost one of this fine days.
I have already identified commercial places that can serve as both a storage facility and offices to give me a more professional outfit. I always engage youth in the are from manuals jobs and if we are able to expand I will give opportunities to a few youth on a permanent basis . For now I will engage and work with my daughter who cleared high school and the rest of the family members.

Loan Proposal

I would like to grow the family business, My daughter is very interested in events management and as a family we are very outgoing. I would like to encourage her and also engage other youth in the estate by providing job opportunities from time to time. My daughter still being a youth represents hope and through such jobs we will alleviate crime and other vices they are most likely to engage in the estate because of idleness. Since we cannot afford a good university for her for now, through this job we do together, our daughter will instill a sense of responsibility and be able to earn her own money and we will both save for her college fees.
Since we are also a young family and still taking care of our siblings the job will be a source of training and skill acquisition. The skills applied are decoration from fabrics, flower setup, catering skills, photography, all these are necessary since our goal eventually is to be self reliant and reduce hiring charges of items.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Sep 17, 2014

Repayment status

On Time

Projected term

5 weeks

Lenders

Sarasota

Sarasota, Fl, United States

Matching Fund

Sterling, United States

I

ianmc

United States

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