Inventory of maize flour, rice, cooking oil for my hotel
Newton
Nairobi, Kenya
15% repaid
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.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jun 2, 2015
Repayment status
Late
Projected term
23 months
Lenders
Southampton, United Kingdom
Fontvielle, Monaco, Yemen
Tokyo, Japan
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