New facility for my crispy fish and potato snack production

Zephania

Elburgon, Kenya

1% repaid

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How it Works

Entrepreneur

Name

Zephania

Member since

July 2014

On-time repayments

327 installments • 19%

About Me

I am Zephania Osida.I live in Elburgon Nakuru county.I was born in the year 1990.I completed my form four three years ago.Due to lack of funds i did not manage to proceed with education,so i started a small business to be able to earn a living.I also play football in a local small club on weekends.Last year year we played played agaist Nakuru young stars to raise fund to go to ophan children at Imani children home.I love helping ophans because my life i grew up as an ophan.Despite all i thank God my business is small but it serves people i dint expect simply because i have been known as a good and honest man in the area.

My Business

I have been in the business for more than two years now.I mainly make "chips" from irish potatoe and sell to the local,small fish "omena",avocados,vegetables and tomatoes.I sell chips mostly at lunch time to the timsales workers where i earn alot as compared to other products which i sell only in the evening.If i am offered this loan i will use it to renovate my structure(kibanda) so that i may attract more and more customer to add revenue.This is where i get my daily bread and hope with good capital i will expand.

Loan Proposal

I am going to move from this structure to a better and secure house which was build just next to my business premise so that my business properties can be safe.Last time i lost my electric frier which i bought with my third loan through theft.
-Now am going to pay 6 months rent for new premise which is secure at $240 so i will be sure my business is safe.
-Then $530 i will use to buy a bigger electric frier.This because currently i have large numbers of customers and with small machine some customers are not patient enough to wait so with the big machine i will be able to serve more and get more profit.
-$450 will be use to buy a dip freezer which i will use to store unsold food hence this will help me save the loss am going through with the left that is perishable.
-$100 i will use to pay electric bill since the frier use electric power that must be paid
-The remaining $600 will be my working capital for irice potatoes for chips making,cooking oil,soft drinks and other materials that i use to make food staff in my Cafe.I will be paying for one week supply for suppliers so that i wont run out of stock even when the shortage are experience.This loan will expand my business and bring stability,please wish me well