Loan for food shop a long naivasha rd riruta

Abigael Marimu

Kawangware, Kenya

100% repaid

Entrepreneur

Name

Abigael Marimu

Member since

November 2014

On-time repayments

63 installments  •  48%

About Me

Am 25 year old entrepreneur. I was raised up in Western Kenya and studied both Primary and Secondary Education there. When I finished in 2010, I came to Nairobi to undergo my college education which I did successfully and graduated in 2011 though I had difficulties in raising my fee. Entrepreneurship was one of my dream careers since employment in Kenya nowadays is a tall order to get.

My Business

I started doing business of selling local foods while in college in 2011 January. I could cook some Githeri(mixer of beans and maize) and then sell to people a long the main Naivasha road. In 2012December, I improved my business from what I was earning.Per day, I could save 700kes until when I got a room near where I live, my earnings improved to 1300Kes daily. This was facilitated by the good savings, and adding up some new products to my business like cooked rice, Chips and fruit juices.I now want to improve it further to make it a hotel where people can sit and order whatever they want to eat. Please grant me.

Loan Proposal

Since am a first time here, am privileged to get a loan of 100 dollars which I intend to use as follows;
an 8Litres Flask will cost 50 dollars, and the others I will use to add recycled plastic glasses for coffee. I also intend to add a stock of plates,cups and spoons so that my customers do not need to wait until one finishes to eat before they are served. The need for all these adjustments has been triggered by the overwhelming number of customers in my kiosk. Mainly this is because this kiosk is strategically positioned along a very busy Naivasha Road which is a commercial Road in Kawangware.Dear Lenders, I will appreciate your help.Kind regards

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$98.72

Date disbursed

Dec 1, 2014

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Lender interest: $98.72 at 1.00% annual rate over 3 months = $0.32

Service fee: $1.19

Lenders

K

Karpet

Faroe Islands

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