Buy deep-fryers for my business

James

Nairobi, Kenya

4% repaid

Entrepreneur

Name

James

Member since

December 2016

On-time repayments

47 installments  •  26%

About Me

I come from an extended family of 19 kids with 3 mothers, my mother being the 3rd wife. My mum has 7 of us, i am the 6th born. I study at Kirinyaga University, taking bachelor of statistics, in 3rd year now.

When a challenge arises, it does not really bother me as much. I have learnt that whenever there is a difficulty, a greater victory awaits me somewhere, so i do not look at the discomfort, i look at ways to manage that situation. I have also learnt that for one to grow, they have to go through a series of challenges. I am not the same guy i was a year ago.

I needed to start up my rabbit farm back in 2007, i was only 11years old and in standard 6, so i thought why not borrow 50$ from my father. I started by selling cofee, tea and snacks to my schoolmates both morning and evening. My big sister could help me prepare my merchandise. In five months time, i had saved about 300$ since i never touched a penny from my profits.

The people of my land are well known for large scale sugar cane farming, including my old man and uncles.

I do not have any children as yet but i of course plan on having a couple of them. I would never at any point restrict my child from living their dreams. I hope to engage them in business undertakings as early as possible,thats if they'll be interested.

I pastime by visiting my colleagues who own different kind of businesses to discuss new business ideas, strategies and life in general.

My Business

My business entails retail food,it involves selling home made fresh juice, french fries, coffee,tea, sausages and bread to my fellow students and staff at the university.

Retail food is quite lucrative as there is not many canteens at the school as yet. Most students do not have time to cook, so sometimes demand is higher than supply.

I learnt about this business from my mum. She has had this restaurant back at home for over 10 years now, she has bought chunks of land from this very restaurant. So when i joined university, there was only one canteen inside the university, i saw this as an opportunity to start some retail food thing.

My typical costs on weekdays are about 250$ and 300$ on weekends.
revenue is about 50% -70% .

I save part of my profit just in case of a rainy day, buy myself personal effects and once in a while maybe clothes. I make sure i inject a bigger percentage back into the business for growth.

Loan Proposal

I want to buy adeep frying machine of like 400$ for my business.
I will as well purchase a refrigerator to store foodstuffs for about 500$.
This will increase profits for my business as it will expound on my margins. More people will come in thus more demand for my food.

I will also have one more employee come in, since I will need help. This will help him/her earn.
I expect my profits to increase by 40%

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$994.00

Date disbursed

Apr 20, 2017

Repayment status

Late

Projected term

115 months

Lenders

M

marvin24

Giessen, Germany

J

Jason

New Jersey, United States

thepaddy

Essen, Germany

Brian

Midhurst, Canada

G

Givemoreuseless

Waterloo, Canada

Elinor

Maple Lake, MN, United States

P

ploeger

Perkasie, United States

ZlataRoy

Cheltenham, United Kingdom

Laurent

Vevey, Switzerland

RockinRobin

Centennial CO, United States

tasos

hove, United Kingdom

S

SlyDoh

Tomball, Tx, United States

T

TokyoBliss

Tokyo, Japan

V

vaglio

Vaglio, Switzerland

J

Jeb33red

Bourne end, United Kingdom

R

rholden

glen iris, Australia

S

Scordato

Mattituck, United States

ads68

Melbourne, Australia

S

Scodeb123

Huntsville, United States

H

hchsmicroloans

New York, United States

W

WellingtonPFClass

Columbus, Oh, United States

mrgonzalo

San Francisco, CA, United States

Immanuel

Darwin, Australia

A

Avalokiteshvara

Yau Yat Chuen, Hong Kong

H

HomesteadSchool

Glen Spey, United States

ShaneS

Port Pirie, Australia

tswickrama

Orlando, United States

L

LenoMetus

Perth, Australia

E

Esseni

Cincinnati, United States

J

jumpfunky

Dortmund, Germany

mikeice

Kohler, United States

M

Morgan1301

United States

R

roozbeh

United States

T

tlbtlbtlb

United States

M

misaheat

United States

cc5alive

Los Angeles, United States

M

mguenter

Switzerland

Guillaume

Rimouski, Canada

T

thenwhen

United States

larry

Sweden

smastermind

Jerusalem, Israel

mepster

San Francisco, Ca, United States

chriseyre

Fremont, Ca, United States

J

jsbisa

New Orleans, Louisiana, United States

A

Amengan

Netherlands

X

Xankari

Netherlands

P

pfeng

United States

T

Tim47

United States

Betapilot

Copenhagen, Denmark

H

Heath

United States

C

cocolo

United States

adrianz

United States

E

erregen351

United States

G

GEMMGMT

United States

B

bwmoore

United States

S

Symoneous

Netherlands

K

Kelly729

United States

Voscke

Utrecht, Netherlands

KM

KHS Microfinance

Tampa, United States

Jonas

Switzerland

Darcy

Ottawa, Canada

Arne Bachmann

Hamburg, Germany

P

PC

United States

Dave Bogard

New York, United States

D

dsfranz

Gaeta, Italy

R

Robert

Berlin, Germany

MZ

Matt Zirwas

United States

Kate Courteau

United States

SK

Stefan Kruell

Muenster, Germany

KO

Kevin OBrien

Denver, CO USA, United States

D

dabatate

Saarbrücken, Saarland, Germany

KL

Kevin Law

United States

Kevin

San Francisco, United States

George

Corvallis, Oregon, United States

Jorgen V

Mol, Belgium

ME

Manaal Eisa

Washington DC, United States

CNV

United States

Caroline Cress

Seattle, WA, United States

BB

Ben Bellows

United States

JF

Jason Foti

United States

PG

Paul Graham

United States

Cyrus Santiago

Calapan City, Philippines

Tony Liao

Montreal, Canada

L

Laura

San Francisco, United States

J

jeananne

United States

Craig Newmark

United States

M

Marama

Australia

The Zinc Team

San Francisco, United States

MO

Mark Owens

United States

Humble Bundle Community

San Francisco, United States

Geoguillot

California, United States

J

Jan

Netherlands

The X2AI Team

San Francisco, United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

Maggie Rouse

Cheyenne, Wyoming, United States

S

Sarah

Arlington, United States

A

Anonymous

United States

A

Allison

United States

D

Dario

Switzerland

CN

Craig Newmark

United States

Mark Rowlatt

Peterborough, UK, United Kingdom

RC

Robert Chen

United States

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