A loan for expanding the dining area of my traditional food cafe'
Margaret
Nakuru, Kenya
100% repaid
Entrepreneur
Name
Margaret
Member since
August 2014
On-time repayments
128 installments • 39%
About Me
I am the last born in a family of four currently residing in Nakuru, Lanet area.
I studied in Loreto high school and went to Nakuru teachers college for my diploma. I graduated in 2011 and opened a small cafe business in Nakuru town. Later on, I got a teaching job at the Lanet Eagle Mount Academy where I am situated to date.
My hobbies include making new friends, eating and swimming. I also love cooking and that is why I want to expand my business. In order to do so I need to move from the shed along the Matatu stage where my cafe is currently located to a place in the town CBD.
My Business
Due to the rising number of cafe owners in town, I am planning to beat the competition by offering quantity and quality food. I plan to deliver food to clients at their place of choice in plastic tins. I sell products such as traditional porridge, mandazi, vegetables, fruits, beef stew and chapatis.
Monthly I earn around $130 from my teaching job, $350 from my cafe less $32 for license fees and $270 for restock, leaving me with a profit of $48. Should I by any chance experience difficulties in repaying my loan due to possible increases in food prices, I will use my teaching salary to repay my loan.
Loan Proposal
The growing population in Nakuru town, Kenya provides a large market for the food services. Although mine is a quite simple wooden café, I have managed to earn enough to raise my son and feed my family. I am requesting a loan to expand the structure i.e wood and iron sheets. The timber, iron sheets and labor is estimated to cost $75. I will also increase the dining area using the timber. The kitchen equipment such as thermo flasks, cups, spoons and plates will cost $25; $45 dollars will be used to buy cereals such as rice, maize and beans in bulk in order to maintain economies of scale. The rest will be applied to miscellaneous use. I am pretty sure my business will do well since I have always experienced an overflow of customers happy to buy my food. I would like to thank the Zidisha lenders community in advance for helping me raise this loan, I will really appreciate it.
About Me
i am the last born in a family of four currently residing in N akuru, lanet area. i studied in loreto high school and went to nakuru teachers college for my diploma. i graduated in 2011 and opened a small cafe business in nakuru town. later, i got a teaching job in lanet eagle mount academy where am situated to date. my hobbies include making new friends, eating and swimming. i also love cooking and that is why i want to expand my business. i want to find a room in the town CBD since am currently located in a shed along the matatu stage.
My Business
due to the rising numbers of cafe owners in town, i plan to match the competition through offering quantity and quality food. i plan to deliver food to clients at their place of choice in plastic tins. i sell foodstuffs such as traditional porridge, mandazi, vegetables, fruits, beef stew and chapatis. in a month, i earn an estimate of 130 dollars from my teaching job, 350 dollars from the cafe and pay a license of 32dollars, restock using 270 dollars while i save 48dollars. in case i experience difficulties in repaying my loan maybe due to increase in food prices, i will use my teaching salary to repay my loan.
Loan Proposal
The growing population in nakuru town, Kenya provides a large market for the food services. Though mine is a simple wooden café, I have managed to make enough to raise my son and feed my family. I am requesting for a loan to expand the structure i.e wood and iron sheets. The timber, iron sheets and labor is estimated to cost 75dollars. I will also increase the dining area using the timber. The kitchen equipment such as thermo flasks, cups, spoons and plates will cost 25 dollars; 45 dollars will be used to buy cereals such as rice, maize and beans in bulk in order to maintain economies of scale. The rest will be applied to miscellaneous use. i am quite sure my business will do well since I always experience an overflow of customers ready to buy my food.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Sep 27, 2014
Repayment status
On Time
Projected term
11 months
Other loans
Lenders
Republic of Korea
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