Name
Mauricen
Member since
January 2014
On-time repayments
322 installments • 85%
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.
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.
THE MONEY WILL BE USED TO ACQUIRE NEW MODERN GYM EQUIPMENT THAT WILL HELP BOOST MY BUSINESS A GREAT DEAL. CONSIDERING THAT YOUR FIRST SUPPORT HELP INCREASE MY PROFITS BY 2%, I BELIEVE THIS AMOUNT WILL INCREASE IT BY A BIGGER PERCENTAGE AND THIS WILL HELP ME REPAY THE LOAN WITH A LOT OF EASE AND PROMPTLY. MY BUSINESS HAS BECOME POPULAR, THANKS TO YOU AND MY AIM IS TO DOMINATE THE MARKET IN MY REGION AND WITH YOUR SUPPORT, I BELIEVE I AM GOING TO ACHIEVE THIS. THIS IS WHY I AM REQUESTING FOR YOUR SUPPORT. MY DESIRE IS TO CREATE A TRUSTWORTHY AND RELIABLE RELATIONSHIP WITH YOU BECAUSE YOU CAN HELP ME TAKE MY BUSINESS TO THE NEXT LEVEL AND THIS IS WHY I DONT WANT TO DEFAULT IN MY REPAYMENT OF THE LOAN. IF YOU HELP ME PURCHASE THESE EQUIPMENT, MY PROFITS WILL GO UP & HENCE EASY SETTLEMENT OF THE LOAN WHENEVER IT FALLS DUE. THANK YOU SO MUCH
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Apr 28, 2014
Repayment status
On Time
Projected term
6 months
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