Inventory of maize flour, rice, cooking oil for my hotel

Newton

Nairobi, Kenya

15% repaid

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How it Works

Entrepreneur

Name

Newton

Member since

April 2015

On-time repayments

98 installments • 7%

About Me

My name is Newton Imbali I was born and raised in western Kenya where I went to school and obtained an A level certificate with a mean grade of A in secondary school. I letat joined Moi university and got a higher Diploma in business administration. I came back and started looking for employment in Nairobi city but I could not find a job for three years. Using the experience I got while still in high school, I started a small hotel where I could get small income to keep me going. This business became my source of income and even to the whole family where I could now pay school fees for my two kids and also provide food for the family and save for the expantion of my business.

My Business

Dear lenders this business provides service to the community and creates employment for other job seekers.The food that I cook is in demant since it is the staple food in my community. I kindly request you to support me to make my dreams come true of becoming an entrepreneur. The cost to increase stock to my business is 100 dollars. I will be greatiful for your suport . Thank you and be blessed.

Loan Proposal

Hi lenders, given this 100 dollar loan, I will increase stock to my hotel as follows; 3 bales Maize flour- 32dollars 2Bales of rice- 38dollars
20 liters of cooking oil- 40dollars
This loan will increase my daily profit by 20%. From 15dollars to 25 dollars daily. It will also create employment for other people in the community after expansion hence reducing poverty.