Opening another location of cafe next to new University campus
Benedict
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Benedict
Member since
March 2015
On-time repayments
311 installments • 69%
About Me
I have grown and schooled in rural Kenya (Eastern Region). I have worked Hard in school till my university. I saved from menial jobs until I had enough money to star my first M-pesa agency. my hobby is visiting children homes and keeping company with the children there. I also love doing football and swimming especially in those sunny days. These days I also find joy running my various businesses which I have started courtesy of Zidisha loans.
My Business
I am an online freelancer mostly doing academic research and supplements it with a M-pesa business. i feel it is socially revolutionizing because it touches on many people lives. my typical costs are internet installation and maintenance of computers. outlay cost is also incurred in purchase of M-pesa infrastructure every time i am expanding. Revenue is inform of commission and fees charged for freelancing. my proceeds are used to pay school fee for my sister (she is an orphan) and re-invest in the business. With the help of Zidisha I have started other businesses such as Sewing business, and fast food cafe near the University. I am now running these businesses and slowly building my own small business empire in my own small way.
Loan Proposal
I would like to expand my fast food business. In this case I am planning to Start a new branch next to A newly opened University campus. Due to the Student traffic and the High demand for fast food this is a good business ideas and I expect to grow the business over the years as the Campus expands
For me to successfully have the cafe Running I need 36000, which I have estimated are able to start and support the business until it starts earning profit. The estimated profits are 25%of the sales. In addition, I expect to create employment to 15 people directly and indirectly. In this case therefore the business is socially revolutionizing.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$368.00
Date disbursed
Jan 27, 2017
Repayment status
On Time
Projected term
17 months
Other loans
Lenders
Seattle, United States
Torrance, United States
Jubail, Saudi Arabia
Gammalkil, Sweden
Vienna, Austria
Tremonton, United States
Groningen, Netherlands
mayfield heights, United States
Austin, United States
Australia
United States
Vietnam
New York, United States
Taiwan
United States
United States
United States
United States
United States
United States
United States
United States
United States
Germany
Germany
United States
San Ramon, CA, United States
Bishop Gorman High School Micro Bank
Las Vegas, United States
United States
United States
Norway
Lima, Peru
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
Ask Benedict a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.