Fast food cafe loan

David

Nyamira, Kenya

100% repaid

Entrepreneur

Name

David

Member since

August 2016

On-time repayments

7 installments  •  57%

About Me

The uniqueness of the people in our land is that they are aggressive business persons. People of scarcity of land and the population pressure in our limited land, our people have opted to venture into business outside our land; especially in businesses and farming.

I would of course want my children to be able to achieve better education to enable their be competitive in job market in their various fields of preference. One prefer to be an Actuarial.

My unique pastime hobby is finding time to serve God through singing.

My Business

My business is a fast food cafe which offers Chicken, chips, chapati, samosa, soft drinks, fresh fruit juices and ice cream.

These products are in demand in this town as most working prefer to eat at their work places. So such take-aways are preferred. And because the town is always very hot such foods and cold drinks are consumed in great amounts.

The costs of the business include:
Deep Flier Machines: Kshs 35 000
Fridge: Kshs 25000
freezer: Kshs 20000
Daily Stock: Kshs 15 000
Daily Staff wages: Kshs1500

Daily Income: Kshs 20, 000

The profits will be used to pay school fees for my children. Reinvest the money in expanding my business which will include outside catering for ceremonies and meetings.

Loan Proposal

The loan will help me to purchase a Deep Flier of Kshs 35 000 and a Freezer of Kshs 15000. The deep flier is bigger which will be used to cook chips and chicken for the customers. The freezer will help to cool the juices and soft drinks for the customers as this area is very hot.In such way my business will be competitive advantage to the ones within the town.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$510.00

Date disbursed

Oct 2, 2016

Repayment status

On Time

Projected term

16 months

Lenders

Paul Buchheit

Mountain View, United States

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Summary

Amount repaid

$509.98

Amount remaining

$0.00

Date repaid

Nov 23, 2016

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Oct 15, 2016 $5.05 Oct 25, 2016 $5.05
Oct 22, 2016 $15.12 Nov 23, 2016 $15.12
Oct 29, 2016 $15.12 Nov 23, 2016 $15.12
Nov 5, 2016 $15.12 Nov 23, 2016 $15.12
Nov 12, 2016 $15.12 Nov 23, 2016 $15.12
Nov 19, 2016 $15.12 Nov 23, 2016 $15.12
Nov 26, 2016 $15.12 Nov 23, 2016 $15.12
Dec 3, 2016 $15.12 Nov 23, 2016 $15.12
Dec 10, 2016 $15.12 Nov 23, 2016 $15.12
Dec 17, 2016 $15.12 Nov 23, 2016 $15.12
Dec 24, 2016 $15.12 Nov 23, 2016 $15.12
Dec 31, 2016 $15.12 Nov 23, 2016 $15.12
Jan 7, 2017 $15.12 Nov 23, 2016 $15.12
Jan 14, 2017 $15.12 Nov 23, 2016 $15.12
Jan 21, 2017 $15.12 Nov 23, 2016 $15.12
Jan 28, 2017 $15.12 Nov 23, 2016 $15.12
Feb 4, 2017 $15.12 Nov 23, 2016 $15.12
Feb 11, 2017 $15.12 Nov 23, 2016 $15.12
Feb 18, 2017 $15.12 Nov 23, 2016 $15.12
Feb 25, 2017 $15.12 Nov 23, 2016 $15.12
Mar 4, 2017 $15.12 Nov 23, 2016 $15.12
Mar 11, 2017 $15.12 Nov 23, 2016 $15.12
Mar 18, 2017 $15.12 Nov 23, 2016 $15.12
Mar 25, 2017 $15.12 Nov 23, 2016 $15.12
Apr 1, 2017 $15.12 Nov 23, 2016 $15.12
Apr 8, 2017 $15.12 Nov 23, 2016 $15.12
Apr 15, 2017 $15.12 Nov 23, 2016 $15.12
Apr 22, 2017 $15.12 Nov 23, 2016 $15.12
Apr 29, 2017 $15.12 Nov 23, 2016 $15.12
May 6, 2017 $15.12 Nov 23, 2016 $15.12
May 13, 2017 $15.12 Nov 23, 2016 $15.12
May 20, 2017 $15.12 Nov 23, 2016 $15.12
May 27, 2017 $15.12 Nov 23, 2016 $15.12
Jun 3, 2017 $15.12 Nov 23, 2016 $15.12
Jun 10, 2017 $5.82 Nov 23, 2016 $5.82

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