Hotel inventory

Fredrick Oyingo

Eldama Ravine, Kenya

3% repaid

Entrepreneur

Name

Fredrick Oyingo

Member since

October 2020

On-time repayments

42 installments  •  17%

About Me

I am Fredrick from Kapdening Estate in Eldama-Ravine.I am a form four graduate and currently doing hotel and catering business as my hassle.

My Business

Hotel and catering involves preparation of food and selling them to the customers. We prepare Chapati, Mandazi and tea apart from main food menu such as Ugali, Kales and Meat. The customers involve transport industry and nearby shops and households who patronize the hotel to get something to eat. My weekly turnover is Ksh 10,000 and gross margin of Ksh 4,000

Loan Proposal

My business involves selling food such as tea, Mandazi, Chapati among others. I also cook Ugali & Meat, Rice & Beans, Rice & Ndengu among others. We clients who come from the nearby households, transport industry among others. They patronize the hotel for various needs and buy the items on the menu. I intend to purchase Maize flour at USD 20, Wheat Flour at USD 20, Laundry items at USD 20,Cooking oil USD 10, Rice USD 9.6,Sugar USD 4.4 among other things

Income Source

They are very We face various risks as small hotels businesses in Eldama ravine. One of them is the covid19 pandemic which really affected us since most people decided to go home and cook for themselves. As normalcy comes back we look forward to get more clients as we adhere to Ministry of Health guidelines.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$151.20

Date disbursed

Oct 20, 2020

Repayment status

Late

Projected term

9 months

Cost to entrepreneur

Service fee: $14.39

Credit risk payment: $11.51

Optional expediting fee: $14.39

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