Entrepreneur
Name
Nicholas
Member since
April 2018
On-time repayments
10 installments • 80%
About Me
I was bonrne in 1993 and we were only two brothers, in a certen village in Homa Bay County. My parents died before I finished my secondary education but I finished through well wishers. At the moment I live in the city called Nairobi. The weather here is very cool and I love it. I sataret my business from the little money I made from a friends mortobike I was riding in the city. My children dream in future is be doctors as their ancle. On my side I like watching football and movies.
My Business
I own a small Hotel in Nirobi. I started it with a little money i got from the Bodaboda business i was doing before. In my hotel i sell food and beverages and as you all know that food is one of the basic needs, the hotel is doing very good its only that i lack some of the food that my customers need. I decided to choose this business because it is a fast moving business. In a day i can make up to 80% profit of the total cost of the food items that i used. I have a plan if the business can grow bigger, i want to join college and study Business management as a course and continue climbing higher on business firm.
Loan Proposal
I would like to use the loan to purchase a cooking gas for my hotel. It costs like 60 dollars, so i will have to top it up for me to achieve my goals. i have been using charcoal and charcoal is very slow so this will speed up services in my hotel. being that some customers always are on a hurry and sometimes when they see if the service is slow due to use of charcoal, they alway go to some other places so this will make me to retain my customers and i am very sure that my profit will increase by 30% because gas is not expensive compared to charcoal and it is also faster
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Loan Info
Project Type
Classic Loan
Disbursed amount
$18.00
Date disbursed
Aug 11, 2018
Repayment status
On Time
Projected term
1 week
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