Inventory of stock, and expand my hotel
Lazarus
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Lazarus
Member since
December 2014
On-time repayments
340 installments • 19%
About Me
Im the last born out of 11 children to my parents. I grew up in a remote village in kitale , western kenya. my parents have never been employed and this really affected my Education since it was very difficult for them to pay fees for me and other elder sisters. This forced me to work in peoples farms in order to raise my school fees. I had to come home very first after evening classes to go and work in farms everyday and i could only raise less than 10 USD for my fees. my parents were old and could not manage to take care of them and other siblings . after I complited form four i stated a Kinyozi and worked as a barbar after i got some savings from the work
My Business
I started a Hotel that as a start up business after saving some money from my Kinyozi Business. The Hotel was doing good until When Covid 19 struck and the government closed all Hotel Businesses in the country. This really affected my Business negatively.
I then decided to Start Farming Business where I grow Maize and Beans on large scale Farm. This Business is now doing good and Supply maize to Schools and colleges.
It has doubled my profits and also created employment for youth in the community where they come, work and I pay them.
Loan Proposal
I kindly request my lenders to assist me Expand my Hotel due to the increased number of customers. my Loan proposal is as follows;
1} Furnitures i.e chairs and Tables:- 100 US dollas
2} Expand Hotel room ;- 165 US dollas
3} Utensils ;- 75US dollas
Feedback
Positive
1
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$297.00
Date disbursed
Mar 2, 2015
Repayment status
On Time
Projected term
87 months
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