Inventory of to my restaurant

Mike

Nakuru, Kenya

Expired

$42 to go

0% funded of $42 goal

0

days left

Entrepreneur

Name

Mike

Member since

April 2014

On-time repayments

91 installments  •  78%

About Me

I AM THE SECOND BORN AND THE ONLY SON IN A FAMILY OF FIVE. I COMPLETED MY SECONDARY EDUCATION IN 2004 AND SHORTLY AFTER JOINED THE KENYA ARMY CURRENTLY KNOWN AS THE KENYA DEFENCE FORCES. DURING THE LAST ONE YEAR, I HAVE BEEN IN A PEACEKEEPING MISSION IN SOMALI WHICH HAS BEEN ONGOING FOR QUITE SOME TIME NOW. I RECENTLY CAME BACK TO MY BASE IN LANET AND HAVE DECIDED TO PURSUE FURTHER EDUCATION SINCE I HAVE A LOT OF TIME TO SPARE. DURING MY FREE TIME, I ENJOY WATCHING AND PLAYING FOOTBALL, BEING WITH FRIENDS AND FAMILY AND HIKING. WITH MY SAVINGS FROM THE MISSION, I WANT TO UPGRADE MY BUSINESS WHICH IS A PUB LOCATED IN MIGORI. I DECIDED TO OPEN THIS BUSINESS IN 2011 TO AID ME IN PAYING MY SIBLINGS SCHOOL FEES SINCE MOST OF THE TIME AM AWAY ON MISSIONS.

My Business

MY MONTHLY SALARY IS 400DOLLARS. MY BUSINESS BRINGS IN ROUGHLY 625DOLLARS DEPENDING WITH THE SEASON SINCE MIGORI IS A TOWN WHICH IS INFLUENCED BY SUGARCANE CULTIVATION. DURING A GOOD MONTH, I MAKE A PROFIT OF 210DOLLARS. MOST OF THE MONEY GOES TO THE LOCAL LICENSE LIQUOR WHILE I PAY A RENT OF 44DOLLARS. THE ALCOHOL BUSINESS IS QUITE PROFITABLE CONSIDERING YOU CAN BUY A BOTTLE OF LIQUOR AT 4DOLLARS AND SELL IT AT 6.25DOLLARS. MY LOAN REPAYMENTS WILL BE MADE USING MY MONTHLY SALARY SINCE I WILL BE USING THE PROFIT FROM THE BUSINESS TO PURCHASE MORE DRINKS i.e WATER,SODAS,ALCOHOL AND JUICE.

Loan Proposal

I Will use thé Loan in expanding my business

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Amount requested

$42.00

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  • Mike    Nov 5, 2018

    Hello my l'envers, am really sorry since î was not aware that î had not cleared my Loan until recently when î was informed. Am really happy since thé Loan helped me in a grate way in running my business and am looking forward to get à Loan so that î can expand my business

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  • Mike    Oct 30, 2018

    Hello my lenders I would like to apologize for not clearing my last loan. It has been a long time knowing that I cleared my loan until recently on 28/10/18 when i received a text about my debt. Please bear with me for that reason since I have started to pay and i promise to clear.

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  • Willis    Jul 24, 2014

    Congrats you finally made it . kindly keep your repayments on time

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  • Mike    Jun 27, 2014

    Hallo my lenders i would like to thank you for the good support you gave me in my first loan.i also want to say thanks to my lenders who have contributed in my second loan eventhough am remaining with 2 days and my loan is expiring but i will not loose my hope from lenders and i believe God will do a miracle and my loan will be funded fully and God will bless the all my lenders.thanks in advance and my God bless you a bundantly.

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  • Mike    Jun 27, 2014

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  • Mike    Jun 27, 2014

    Hallo my lenders .am so much glad for the good support.evnthough my loan is expiring but i still have hopes that my lenders will fund me.i also want to thank my lenders who have already funded me then i still believe that God wiil bless those who are still having that heart of funding me the remaining dollars.lenders i want to assure you that am a trustworthy man and also i was able to pay my first loan on time .thanks my lenders and my God bless you.

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  • Mike    Jun 21, 2014

    It is with humble respect to thank lenders who have donated to my loan towards improving my business. i will take this opportunity to urge those who are willing to continue lending me so that i can give my customers services that they require.I would wish to work hard so that my life can change and even those people surrounding me
    I'm happy with the organization since it gives those who are not able opportunity to uplift their living standards through small businesses. Thanks in advance, hoping the best from you.

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  • ThomasS    Jun 15, 2014

    Hi Mike, thanks for repaying early. I hope the loan helped you. Best wishes

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    • Mike    Jun 16, 2014

      I would like to thank you for an encouraging message, and for sure the money that you lend me has improved my living standard and the people surrounding me.
      I would wish to urge you to keep helping those who are eager to improve their small businesses through funds.

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  • Mike    May 16, 2014

    Am pleased to inform lenders that the loan that you offered me has boosted my business.
    I have increased my business and as per now i can purchase the goods frequently to maintain my stock.
    I would urge you to continue with that heart of lending to those who have small businesses for the up keep of their daily living standards.
    I would wish to clear my outstanding loan as soon as possible ,to give me a chance to apply for another one.
    THANKS IN ADVANCE.

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