Expand my restaurant

David

Nairobi Kenya, Kenya

8% repaid

Entrepreneur

Name

David

Member since

July 2016

On-time repayments

105 installments  •  85%

About Me

My name is David Mwakazi from Voi Taita Taveta county.But currently am living in Nakuru where am working as an hotelian.Am the first born in a family of five two girls three boys.My parents live in Voi where they are doing farming and livestock keeping.i Went to Kirutai primary school in Taita Taveta County and later went to Voi secondary school.My education had alot of challanges since sometimes i had to go to work in people farm in order to raise my school fees since my parents were not so well off. Taita Taveta is abit dry hence farming is not so easy hence educating us was abit chaalanging.and they are not farming they do sand harvesting and collecting building stones bricks.this could be also sometimes be a means of getting income most holidays i used to go to do casual job of helping people who were doing construction and being the first borne it wasnt so easy.when in school i liked playing football and am still a fun of watching football whenever i am free.

My Business

After finishing my secondary education i wasnt able to go to collage inspite of doing so well in school.i was forced to look for job so that i could be able to support my siblings who were still in school.i found a job in an hotel in Voi town but it was not so big i worked there for 5 years then later a friend of mine recommeded me to his friend who had an hotel in Nakuru which was abit big hence the pay was not so bad.i decided to relocate to Nakuru to try my lack but it wasnt so bad.my friend gave me accommodation for a few montyhs then after sometime i relocated to my own place.i worked there for 2 years then i decided to open my own place i manged to save a bit n was able to buy things needed in the hotel but i haven't fully equipped it but so far not bad i have 2 employees but sometimes especially during lunch time we usually have alot of clients until they lack space for sitting since my oplace is also small so i would like to move to a bigger place but due to financial shortage i haven't been able to do that so if i get this loan i will be able to relocate to abigger place and also get new staffs and also buy a small fridge to be keeping my food.

Loan Proposal

I WILL BUY HOTEL UTENSILS AND ALSO BUY A TV SET FOR ENTERTAINING THE CUSTOMERS WHICH HELPS ATTRACT MORE CUSTOMERS AT A COST OF 319.52 $. RENOVATING THE HOTEL HALL AS FROM THE GOVERNMENT ORDER WHERE THEY NEED ALL THE HOTELS TO BE CLEAN AND PRESENTABLY AND ADD MORE FURNITURE'S TO BE ABLE ACCOMMODATE A BIG NUMBER OF CUSTOMERS TO AVOID LOOSING THEM TO OTHER HOTELS WHICH ARE COMPETITIVE AT A COST OF 49.92$. I WILL ALSO PAY THE WORKERS THE ARREARS OF THE PAST MONTH WHICH IS 99.85$.
THIS WILL HELP ME TO INCREASE MY PROFIT AND BE ABLE TO KEEP UP MY FAMILY AND PAY MY KIDS SCHOOL FEES WITHOUT SO MUCH STRUGGLE. IT WILL HELP THE COMMUNITY IN LARGE SINCE I WILL HAVE CREATED JOB OPPORTUNITIES TO THE YOUTHS AND THE SOCIETY IN LARGE.
I WILL EXPECT A PROFIT INCREASE OF ABOUT 99.85 $ PER DAY. YOUR CONSIDERATION WILL BE HIGHLY APPRECIATED.
THANK YOU IN ADVANCE.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$322.00

Date disbursed

May 10, 2018

Repayment status

Late

Projected term

3 months

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