15 installments • 7%
I am married with 8 children. Five of them are schooling. I live in kiptangwanyi shopping centre where I operate the business of a hotel .Kiptangwanyi is about 42km from Nakuru which is our nearest major town. I live in my own plot number 2325 house number 1.
My business entails operating a hotel which is in Kiptangwanyi shopping centre. the business has a high demand as a result of the nearby secondary and a prmary school where I get most of my customers. the main challenges that the business encounter are high cost of foodstuffs, frequent power rationing and high cost of living. currently I am using my revenues to expand the business premises and to improve my custome services.
I will use my loan to expand my business. I would also like to buy a refrigerator so that I can be able to provide fresh products and also to store drinks such as soda and milk for a long time.
Jan 13, 2012
Cost to entrepreneur
Lender interest: $450.77 at 3.53% annual rate over 16 months = $21.22
Service fee: $20.97