Construct new rooms for my hotel

Geoffrey Wasike

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Geoffrey Wasike

Member since

March 2015

On-time repayments

216 installments  •  69%

About Me

i was born fifth in afamily of six when i was barely 2years my father died .leaving my mum to bring up a family of six boys as a single mother. isat for my kcpe in the year 1990 and joined ahigh school in the following year after four years i sat for my kcse in the year 1994 it was not easy for mum to pay for school fees of three of us who were in secondary school given that she was jobless during vacations we could be hired to work in peoples farms atleast to raise school fees .after going through all this i managed to score amean grade of c minus .after finishing my secondary education i had no other choice other than joining the transport indusry to work as atout given that i had no training i worked as atout for aperiod of 5years in between the 5years i also enrolled in college to study accounting that is CPA COURSE after completing part one of CPA successfuly my mother died it was avery difficult time for me and that incident forced me to drop out of class that is to say icould not continue with my studies anymore.i stayed in astate of confusion for one year before i came to terms with what had happened and immediately made a decision to go back to the matatu industry and work as atout for like two years before i made adecision to start up abussiness at this time i had saved enough to enable me start a small ironsheets hotel bussiness.after three years of running that foodkiosk i decided to boost up my income by starting up the outside catering services such that we can be hired to occations like weedings,funerals,birthday parties,etc to prepare meals for the guests i found out that it was avery brillant idea because it responded so positively trully speaking bussiness is doing well only the challenge i have is the operating apparatus which i believe as i stay with u i will be able to purchase them so that i can avoid alot of expenses i normaly incure on hiring.this will save me from unnecessary expenses. on family matters i got married to my lovely wife in the year 2006 and we are blessed with two boy,s i,m avery close friend to my boys my first born talks of becoming adoctor when he grows up but the second born says that he would like to be business man .during my free time i enjoy going out with my family and make fun which gives as agood opportunity of bonding

My Business

presently i have arented hotel located in embakasi called classic hotel nearing pefa church embakasi along simbavilla baraka road my hotel is doing well i have 2 workers i n looking forward to expand more once i get finances so that i can increase my income.apart from da income fron hotel ialso give out outside catering services where we are hired to cook in functions like weedings,birthday parties.i chose this type of bussiness because from my childhood i liked cooking given that we were born only boys whenever i could cook and family members enjoy da meal i felt good even up to date whenever my customers apploud me i feel great. i buy raw materials from the big market twice a week and store them in the fridge.buying on the big markets enables me acquire them at wholesale price thus increasing my profits.i have two school going boys who takes an eighth of my business .profits as in school fees.i,m also planning to open abranch as re investment.i normaly buy fresh products from da market then cook in my hotel my hotel is based around aschool where mostly students come for food .i chose this kind of bussiness beacause since my childhood i liked cooking and also after doing reasearch i realised that there was no hotel around that area yet students used to walk long distance in search of food.as at now i make atotal collection of twelve thousands kshs against cost of eight thousands leaving me with aprofit of four thousands. i spend ten percent as school fees for my boys,spend 20% om improvement of the physical appearance of da hotel,30% is spend in our daily needs in da house and 40% for re investiment like as now i,m constructing semi permanent rental rooms in my plot back there in the rural which i believe once i complete they will increase my monthly income because i will have to rent them out to tenants at amonthly rent of ksh 1500 .this will enable me venture into more investment in the future and i believe through doing all this i will be growing

Loan Proposal

thanks zidisha for your continued vsupport i want to increase my income apart from the resturant income i own aplot which is undeveloped now i wanted to use the loan i will receive from you together with ther little savings that i have to construct some seven rental rooms which will enable me make acollection of atotal of kshs 17000 per month thus increasing my monthly income.constructing the seven rooms will cost me atotal of kshs190000.all this i believe will bring abig change in my life.thanks

Feedback

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  • Margaret    Feb 1, 2018

    The loan was paid off perfectly.

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  • Margaret    May 29, 2017

    Geoffrey paid off his loan perfectly and was a pleasure to work with. I would gladly lend to him again and encourage others to do the same.

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    • Geoffrey Wasike    Nov 19, 2017

      margaret goodmorning
      may i bring this to your attention margaret actually i,m now left with only seven days before my loan proposal expires but i,m worried coz i may plunge into financial crisis because quite anumber of materials for electricity and water i had already placed an order plz advice

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,126.10

Date disbursed

Jun 13, 2017

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Service fee: $49.76

Lenders

M

marycb

United States

T

Tmann

Los Angeles, United States

C

CWS

Huntington beach, ca, United States

M

marvin24

Giessen, Germany

H

Heja

Hamburg, Germany

C

Christian

Saarbruecken, Germany

Ishaque

New Jersey, United States

investor

Candiac, Canada

Elinor

Maple Lake, MN, United States

Kylie

Mount Martha, Australia

davelowe100

Perryville, United States

S

Spassmacher

46244 Bottrop, Germany

K

Krokslatt

Mölndal, Sweden

BrassHat

Boston, United States

BelleStarr

Albuquerque, United States

cyrus0302

San Francisco, United States

AltruisticSelfishnes

Chicago, United States

E

erozlum

Istanbul, Turkey

O

Oliver

Geneva, Switzerland

DeanDropshot

Oslo, Norway

ErikN

Stockholm, Sweden

J

jozua

Delft, Netherlands

AndreaBravi

London, UK, Canada

Kjartan

Oslo, Norway

T

Tszach

Tucson, United States

Ambrose

Calgary, Canada

P

PlutusNOR

Trondheim, Norway

K

k9rich

Bay Shore, United States

F

FHult

Stockholm, Sweden

J

jjcharlie

chicago, United States

T

Tallago3

Munich, Germany

Pere

Barcelona, Spain

S

share

Whitby, Canada

johnandmoliehi

Canton, New York, United States

Tamanders

North Carolina, United States

M

mogensh

København V, Denmark

Svenip

Vienna, Austria

J

JakeA

Wellington, New Zealand

L

Lttlefoot

Sydney, Australia

C

cjmenchaca

Austin, United States

E

ericcamden

Berkeley, United States

J

Jessica

Patagonia, Argentina

Kysera

Crawfordsville, United States

Jeff and Marcie

Portland, OR, United States

E

Elisa

Espoo, Finland

A

AlexCheng

Seattle, United States

S

Senryu91

caldogno, Italy

D

Darish

Clarksville, United States

Tavin

Ottawa, Canada

KirstenShute

Montreal, Canada

B

Bavarian

Bavaria, Germany

tasos

hove, United Kingdom

F

florian

Mettmenstetten, Switzerland

indeh

London, United Kingdom

V

vaglio

Vaglio, Switzerland

D

Divergent

Bethesda, United States

L

lowtechmagazine

barcelona, Spain

B

bgj21

Cambridge, United Kingdom

Cloudways

Malta, Malta

Andreas1974

Fristad, Sweden

M

mastodons

Chicago, United States

A

Austrian

Graz, Austria

Matthew

New York, NY, United States

lorello

Vicopisano, Italy

I

Ilona

St Catharines, Canada

C

cczapp

Hilliard, United States

Namaste250

Pittsford, United States

L

loistf

Madrid, Spain

G

Goodwill

Oakland, United States

S

Sherry

Pittsburgh, United States

N

NicolaG

Mantova, Italy

P

Prysdahl

Marshall, United States

T

Travelbear

Asheville, United States

Christopher

Copenhagen, Denmark

M

mwkelley2

Columbus, OH, United States

yorick

Springfield, United States

Alina

Amsterdam, Netherlands

Bhayl

Stavanger, Norway

Cadwah

Barcelona, Spain

W

WellingtonPFClass

Columbus, Oh, United States

R

rawlo5660

san jose, United States

Andreas Kiss

Vienna, Austria, Austria

P

pignolet

zurich, Switzerland

Y

Yevrahs

Dallas, Texas, United States

O

Oscart

Edmonton, Canada

ohlandtmann

Moorestown, United States

J

jjoshua2

Hanover, United States

M

mkellerman

Shanghai, China

B

boronat

Brussels, Belgium

Maxey

Amstelveen, Netherlands

A

Andy

Berlin, United States

chadgibbs

Loveliest Village, United States

JC

Jordi Cohen

New York, NY, United States

G

glh25

Winooski, United States

fairspirit

Utrecht, Netherlands

rhagen

New York, United States

T

TurgayAlihos

SOUTHBANK, Australia

Bobrm2k3

Charleston, United States

MichaelOsburg

Hochheim, Germany

James

Paris, France

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

Treesforpeople

Oxfordshire, United Kingdom

indrayudha

Jakarta, Indonesia

Anto82

Eraclea, Italy

M

Moonknight

Østre Gausdal, Norway

PulsoJewelry

Los Angeles, United States

Zal0m0n

Atlantis!!!! x), Mauritania

K

kingcamo1095

Mountain Home, United States

H

HobbyCollector

Beach City, United States

P

Paleomagick

Eldred, United States

gseletko

South Perth, Australia

L

Leonora

TÄBY, Sweden

mojobob

Hayward, United States

Sappetta

Bolzano, Italy

P

Pavane

Kungsbacka, Sweden

O

Ohio

Ohio, United States

L

LenoMetus

Perth, Australia

JonB

London, United Kingdom

H

Habroukema

Austin, United States

D

doublehelix

Philadelphia, United States

S

seikatsu

Palo Alto, CA, United States

dmirpuri

Bangkok, Thailand

G

Galbania

Toowoomba, Australia

Z

zangalan

Maryland, United States

lizandsteve

guelph, Canada

E

E

Marin county, United States

NedRyerson

Munroe Falls, United States

L

Lennert

Alphen aan den Rijn, Netherlands

C

Clben7

Cincinnati, United States

Evan Lamos

Brussels, Belgium

G

GanSatya

United States

sderickson

Berkeley, CA, United States

Z

zvrk2014

Brookline, MA, United States

A

axienjii

Amsterdam, United Kingdom

cc5alive

Los Angeles, United States

C

ColoradoEmac

United States

Paul Buchheit

Mountain View, United States

bcortazar

Peckville, United States

M

Mal57

Australia

D

DandS

United States

lyalljellyman

Wellington, New Zealand

joshuacollinson

Vienna, Austria

S

sarah4d2

Saint Louis, United States

larry

Sweden

smastermind

Jerusalem, Israel

L

Leemcd

Australia

mepster

San Francisco, Ca, United States

chriseyre

Fremont, Ca, United States

J

jsbisa

New Orleans, Louisiana, United States

TyWee

Manila, Philippines

B

bscent

Hong Kong

W

wesbh89

United States

D

Desteli

United States

TyrynyRed

United States

M

Microfinance

United States

E

EsyCrux

Czech Republic

Grant Xavier Storer

Seattle, Wa, United States

I

idris

United States

Loungin

United States

K

Keith

Luxembourg

K

kennychit

United States

Bryan

Houston, United States

Otto Barten

Amsterdam, Netherlands

S

satheajay

United States

N

Nicolaas

Doha, Qatar

SV

sven vdk

Twickenham, United Kingdom

Dave

Ede, Netherlands

PolarBearCapital

United States

P

pnrjulius

United States

SuperMario28

Cudahy, United States

R

ross22

United States

Voscke

Utrecht, Netherlands

A

andreab

United States

S

Stephan

Netherlands

JP

James Parker

Sacramento, United States

K

Kristiina

All Countries

Haim Si

Mexico, Mexico

Matthias

Frankfurt Am Main, Germany

M

MatzeFR

Frankfurt, Germany

DR

Daniel R

Berlin, Germany

E

Erich

Zurich, Switzerland

UN

Uwe Neumann

Frankfurt Germany, Denmark

M

Marcus86257

United States

Gab

Singapore

A

AER

Germany

Dave Bogard

New York, United States

SL

Samuel Le

Seattle, WA, United States

A

Aurelija

United Kingdom

Family Mueller

Petershagen, Germany

N

Niels

Berlin, Germany

C

Carol

Falmouth, United States

Torsten Schreiber

Frankfurt, Germany

Mark

Nijmegen, Netherlands

MD

Miles Dodge

CORVALLIS, United States

JS

Jon Scherer

United States

SMOICE

Berlin, Germany

MW

Matt Willis

United States

W

Wade

United States

JD

Jo Dane

Melbourne, Australia

PT

Pattie Thomas

United States

Elly

Woudrichem, United Kingdom

Jake Badger

Roskilde, Denmark

H

Hank

New Zealand

PC

Patrick Clavette

Hartford, Wisconsin, United States

Kate Courteau

United States

Dean Cress

United States

C

Chitti421

United States

Lou Kaucic

Sanbornton, NH, United States

KO

Kevin OBrien

Denver, CO USA, United States

E

erica

antwerpen, Belgium

JC

Jethro Carr

Wellington, New Zealand

Max Lettenberger

Madison, WI, United States

Kevin

San Francisco, United States

HS

Harry Shulman

United States

M

Marc

Newcastle upon Tyne, United Kingdom

AF

Alysn Ford

United States

Paul

Seattle, United States

N

nprad

United States

ME

Manaal Eisa

Washington DC, United States

CNV

United States

Caroline Cress

Seattle, WA, United States

BC

Best Chapman

United Arab Emirates

Carla

Amsterdam, Netherlands

Pedro R-C

Cambridge, United States

Martin Nielsen

Aarhus, Denmark

M

Mart

United Kingdom

JM

john meserve

United States

Rose Rodent

Scotland, United Kingdom

Aylsham Rotary

Aylsham, Norfolk, Uk, United Kingdom

RV

Rob Van Dam

United States

AH

ajay hampapur

United States

J

Jeff

United States

N

Nick

United States

MJ

Monika Jelic

United States

Aran Dunlop

United States

RobLu

Michigan, United States

jo

Los Angeles, United States

JR

Jacob Rolon

United States

D

David

United States

Kyle Holohan

United States

TF

Tom Fawcett

United States

Paul Smithson

Leeds, United Kingdom

A

Andrei

United States

A

Adam

United Kingdom

Eugen Stamm

Zurich, Switzerland

Christopher Hey

Sudbury, Canada

Taylor

Memphis, United States

Cliff

United States

EB

Ellen Batten

Kalamazoo, Michigan, United States

MP

Minah Park

Republic of Korea

AG

abel ghita

Bucharest, Romania, Italy

EB

Emily Brown

United States

GN

Gabriel N

Switzerland

AO

Amara Ogle

United Kingdom

AO

Ahana Ogle

United Kingdom

R

Ryan

United States

S

Siadus

United States

WS

william smith

United States

Rory McLaughlin

Dallas, United States

Chuck

Manchester, United Kingdom

P

Peter

Germany

DB

Daniel Bezerra

JABOTICABAL - SP - BRAZIL, Chile

LD

Luã de Souza

Sydney, Brazil

Y

YTSJ

London, United Kingdom

TW

Tyler Wood

United States

MR

Mean Rat

Netherlands

JC

Justin cohan

United States

S

stevensau

United States

A

Ashleigh

Australia

K

Katka

St Albans, United Kingdom

EthicalHost

Toronto, Canada

KE

Karen Epolito

Syracuse, NY, United States

GG

Gituru Gitumbi

Seattle, United States

V

Vidar

Oslo, Norway

I

isaac

United Kingdom

DK

Danny Kelly

United States

RC

Rudi Chen

United States

KK

karl kerksiek

United States

Carla

United States

SB

Sue Bucholz

Sacramento, United States

SA

Steve A

Newbury, United Kingdom

EB

Erika Barraza

United States

B

Brett

Australia

RG

Ravi Gadad

United States

V

Vasil

Belarus

JA

Jan Andresen

Hamburg, Germany

Sinan Taifour

Munich, Germany, Germany

SM

Sachet Marion

United States

K

KH

United Kingdom

emilio

Sestri Levante, Italy

J

Jon

United States

Craig Newmark

United States

Romesh Fernndo

Perth, Australia, Australia

M

Marama

Australia

The Zinc Team

San Francisco, United States

RR

Rory Rohloff

United States

SH

Stephanie He

United States

WS

Warren Shen

United States

Humble Bundle Community

San Francisco, United States

ES

Evan Simons

United States

NM

Nitya Marepally

San Ramon, CA, United States

Thomas Naimoli

United States

Day Family

Melbourne, Australia

VC

Victor Chong

United States

KL

Karen L Brown

United States

V

VJ

Canberra, Australia

R

Ralf

Germany

RG

Ryan Gough

United States

BP

Bill Piper

United States

D

Dalton

San Francisco, United States

Dean Suminski

Portland, Oregon, United States

M

Margaret

United States

ED

Eunan Doherty

donegal ireland, Ireland

R

Raffins

United States

KK

Kurt Kellner

United States

G

grahamk

United States

M

Mack

Harbor, Oregon, United States

JF

J Fister

United States

JU

jeremy upsal

United States

Alex

Ohio, United States

France

R

RMIM

United States

A

Anabell

Elizabeth, United States

Mike

Indianapolis, United States

WC

Walter Clarke

Phoenix, United States

W

Will

United States

L

Liam

New Zealand

Paul Buchheit

Mountain View, United States

E

Eric

Canada

J

James

Los Angeles, United States

Tyler Metcalf

Utah, United States

A

Adriaan

Netherlands

RH

Rachel Hipp

United States

S

Symballesthai

United States

Nethanel Kohen

NYC, United States

GA

Gabe Arnold

United States

M

Marco

Berne, Switzerland

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

BA

Burf and Patsy

St. John's, Canada

AW

Annie W

United States

MR

Mary Reardon

United States

MM

Mark Moran

United Kingdom

BG

Bruce Garretson

Portland, Oregon, United States

sbdoc

Reno, United States

K

Khoa

United States

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