Loan to buy a bigger french fries machine

Bettie

Kapsoit, Kenya

20% repaid

Entrepreneur

Name

Bettie

Member since

November 2014

On-time repayments

62 installments  •  18%

About Me

My name is Bettie Cherotich a first born in a family of five and a mother of one handsome baby boy. I was born in Kericho county which is in the south of rift valley kenya. I went to primary school here and later went to high school in Nairobi because my parents moved there.
I am a graduate from a local university and also working in Nairobi. I have a small fast food business in my home town and is quite a good one.
I love listening to music, traveling, drawing, meeting new people and watching movies.

My Business

My business is a fast food business located in a small center called kapsoit in Kericho. I started this business close to a year ago with part of my savings. My main reason to start the business was to make an extra coin and also support my family since they moved back home. I am planning to expand the business by purchasing a bigger machine to make french fries and also fried chicken. A bigger machine means large production of fries to meet the rising number of customers.
I started a business with a capital of 232 USD.

Loan Proposal

Half or three quarter of the loan will be used to purchase a new machine for making french fries thus leading to large production and faster services.
the remainder of the loan will be used to purchase a blender for making fruit juice and part of it to renovate the place.
Breakdown..
- 70 $ - Purchase of machine
-20 $ - Purchase of blender
- Remainder - Renovation

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Nov 14, 2014

Repayment status

Late

Projected term

14 months

Lenders

mepster

San Francisco, Ca, United States

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  • Bettie    Dec 2, 2014

    At the moment we are experiencing major blackouts and power surges which has resulted in spoiling of a machine,this power problem has been going on for a week now due to the heavy rains.
    The effects of this is there is less production and therefore there is a low customer turn out.
    I hope my lenders will understand my situation and bear with me because as soon as the problems are fixed I will be able to get back to my feet and reschedule my payment.
    Thank you Zidisha team and my Volunteer mentor.

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  • Bettie    Nov 15, 2014

    Thank you so much for the loan I will go ahead to purchase the machine and let you know how it goes.

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