120 installments • 33%
I am 41 years old, married with seven children who are all schooling. two are in high school while the remaining five are in primary school. I live in kiptangwanyi which is about 41 km from Nakuru town. I live in my plot which is plot number 14 in the kiptangwanyi shopping center. I am not formally employed and have been meeting my family needs through various manual work that i have been doing here and there. This prompted me to start the business of a hotel that i have been operating since 2006.
My business entails operating a hotel in kiptangwanyi shopping center. I sell fast foods and drinks in my hotel. I started this business after I realized the potential of this business in this area. My target was high school and primary school children who were and still are very good customers of my business. customers prefer buying from my business as I provide quality and clean food. I also ensure that my food is always fresh and this promotes my business so much. the risks that my business face are shortage of supplies and drought which affects our sources of the foodstuffs that i make.Currently I am using my earnings to expand my business to other neighbouring kiptangwanyi shopping centre.
I am pleased at this moment that I have been offered another chance to post a loan on Zidisha website. My business is doing well and the loan that I did get was very useful and I was able to improve my business a great deal. At this moment I would like to use the loan that I will get to purchase more stock as well as introduce new services and products in my business.
Dec 15, 2013
Cost to entrepreneur
Lender interest: $528.91 at 10.45% annual rate over 11 months = $50.66
Service fee: $17.12