I intend to expand my hotel business

John

Nakuru, Kenya

100% repaid

Entrepreneur

Name

John

Member since

January 2014

On-time repayments

55 installments  •  64%

About Me

My name is John Ruiru icome from nakuru , bahati scheem . I am married in a monogamous family and we are blessed with lovely daughter. I went murungaru primary school for eight years completing my primary level in 2003. After my primary level , I passed well and adimitted in st johns secondary school in 2004. I completed my o lever in 2008 but I lacked money for further studies. Immediately after finishing my o level I was employed in a hotel as a waiter. I did this job for two years then I dicided to set up my own hotel business in 2010 which I am doing up to date

My Business

Smiles hotel was started in 2010. It has been ran now for 3 years under my management . I have employed two employees in this hotel to service a cook and a waiter. When the business has gone up, it gives me a profit of a thousand shilling having bought commodities for cooking tomorrow. During the time when it has gone down, it gives me a profit of seven to eight hundred shillings, generally it does well all through out the year.so i have the confidence in my business that it will enable me to repay the loan i am requesting.

Loan Proposal

hi zidisha organization. first is to thank you for giving me this opportunity to be a member and a borrower in zidisha. am a business man with big dreams of starting simple and manageable businesses in different places but many times capital for starting them is challenge. I would do anything in order to get what I want so that I would improve my living standard and that of my family.The opportunity has come to me from zidisha.I am going to use my loan from zidisha to expand my hotel business in my rural area thus creating job opportunity and development in my area. I have gone to many places therefore ,I have decided to start another hotel business in another place and still maintaining the existing one.to my estimation I need around 13,000 in order to start this new hotel in Kabatini center.It is my hope and wish that you will grant me this loan to assist me achieve my goal of being a successful businessman.I therefore,assure you that am going to put this loan into good use to increase my profit and income.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Feb 10, 2014

Repayment status

On Time

Projected term

3 months

Lenders

Feldborg

Stuttgart, Germany

Pierfausto

Rome, Italy

KrautFunding

Hamburg, Germany

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