Loan to purchase a double tank electric deep fat fryer


Nakuru, Kenya

100% repaid




Member since

February 2016

On-time repayments

253 installments  •  75%

About Me

am cleophas kiprotich born and raise in kenya nandi county . i went to kaptilol primary where i pass and went to samoei boys high school after which i join university of Eldoret where i did A degree in business management. this is what i love to venture in and turn it into a reality has it had been my desire since my child hood. hardships are part of life and take them positive when never they arise. i started my business while still in university -a business whose main customers were schoolmates and they gave me an opportunity to apply my class knowledge to real life. the land i come from is that it is ever green and most people are farmers. i do not have children as per now but planing to have. i love football and that is where i spent my leisure time

My Business

Am in hotel industry . running a small hotel in nakuru town with the help of two employees . my main customers are the locals from the jua kali sector. i chose this line of business in order to take advantage of the unutilized opportunity in the sector, also my early experience in the industry motivated me . my monthly average cost is ksh. 70,000. which gives a revenue of ksh. 130,000 monthly on average. i use this profit for improvement and re-investment. am looking forward to your assistance to grow my business. I have recently engage my self with tea farming currently with 4500 tea bushes and they are doing well. I am planning to increase it to 10,000 tea bushes. Since my tea are doing well I have diversify my agriculture business to include livestock where I have started rearing sheep and I intent to increase the numbers .

Loan Proposal

am going to utilize the funds to purchase a double electricity fryer. the machine costs $350 , and it will help a great deal to improve my services and widen my customer base hence increase volume of sales thus higher profits which will work towards expanding my business. I project an increase in profits by 30%. I look forward to your support. Thank you





Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

Feb 23, 2016

Repayment status

On Time

Projected term

9 months


Matching Fund

Sterling, United States



Czech Republic

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