Chafing dishes for buffet catering:

Samuel

Nyeri, Kenya

100% repaid

Entrepreneur

Name

Samuel

Member since

September 2016

On-time repayments

170 installments  •  50%

About Me

My name is Samuel Wambugu Gitonga, I was born in 1980 and raised in vicinity of Nyeri. After Certificate level in secondary schol i enrolled for a proffessional college Hospitality course in food and I pursued a course in Food production Diploma level. After graduating i went to various restaurants as a chef, in our country and serving community with catering services in weddings, anniversaries, birthdays etc . I have been blessed with a wife a and God have given us 2 children and attend school at primary level we all live together with them since we share live activities . My experience plus interests encouraged me and my wife after wrong discussion on business plan to start venturing food outside catering for events outside our business premises.

My Business

I started food business since I graduated from college in the year 2005 since I would engage myself in outside catering service when in employment sector , then I developed the business and opened my own restaurant to serve customers who were demanding my services of catering in events. My business is both indoor and outdoor catering services. My business is located in Kimathi Estate In Nyeri County in Kenya. I started the business in year 2011 and therefore it’s a 5 years business. I have seen it grow and my initial capital generates profit that am able to feed my family and cater for my stock in the business. I opted this business since its my Course and I understand what entails food production and services needed . The business attracts customers with occasions such as weddings, anniversaries, birthdays, and engagements. The business have attracted customers and since I have three food warmers currently present am unable to satisfy customer satisfaction. profit obtained from the business is reinvested since resources are still low compared to the need of the market. per month the business is able to generate Ksh. 8,000 profit which may be hard to save in order to buy more catering equipment.

Loan Proposal

My proposal ,I do make reference from the above to buy a dishes that is ideal in buffets, catering –parties, and self service party environments. The 2 chafing dishes I am proposing to purchase is worthy 116 Dollars . The balance I am proposing to purchase microfiber polishing cloths for upscale improvement of my catering materials for easy polishing and good looking surface. This will not only improve the Job but will economise on my time to serve food with time to be cater for large number of audience in occasions. To realize my motto to serve my customers with in due respect to preserve my future endeavours.
This can improve the business from the to total monthly revenue of 75 % which was previous 72% scaling down my expenses that is gross profit $653.13÷$870.84 *100 = 75% operating expense of $145.14÷870.84*100 = 16.7% net profit margin $58.06 ÷$870.84 *100= 6.7% and increasing my net profit that means while serving one occasion some of the dishes in proposal to buy will cater for other party with similar function but a number of event visitors.
With this expectation I will be able to make it to afford my daily food for my family ,improve the lives of my caterer workers plus my family who I put first always and the remaining plus I pay Zidisha funds and I have high hopes to .
Best regards always

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$163.00

Date disbursed

Oct 1, 2017

Repayment status

On Time

Projected term

9 months

Lenders

Sandra

Böblingen, Germany

PG

Paul Graham

United States

G

GS2

Germany

Rick

United States

Craig Newmark

United States

Paul Buchheit

Mountain View, United States

B

Berni

Germany

A

Anonymous

United States

ZS

Zach Silveira

Asheville, Nc, United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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