Loan to fund my restaurant business

Entrepreneur

About Me

My name is Vincent Chweya Nyagaka. I was born in Kisii County in a country known as Kenya. I started school at the age of 4 years Ribate Academy before I joined Eronge Adventist. I passed very well and Joined Cardinal Otung'a Mosocho. After finishing high school I started to run a small business back at home to be able to assist my mother financially.
However, things were not that easy since you know back in rural areas businesses don't work well because most people don't have a main source of income and are in poverty.
I had to continue my studies after the results were out in 2011. I went to learn Business Management at the Nairobi University.
But due to the high unemployment rate in Kenya and lack of Jobs, I decided to venture into business.

My Business

I ran a business or Bar and Restaurant in Masimba, Kisii County. I have been running this business for 3 years now but unfortunately, last year was so worse since of Covid-19 pandemic. Our business was hit badly and I am looking for some money to add stock so that my business can recover fully. I also do small-scale farming I sell alcohol and beverages. Apart from selling liquor I also sell food. The business also has some lodgings.
I a good day I can make a profit of up to $80 and on the worst day, I can make $20.

Loan Proposal

I have applied for a loan of $25 which I intent to use to buy some goods for my business. I would like to outline the way I am going to spend the money. One I am going to buy one crate of Soda and one bundle of Wheat flour. The reason I have decided to bug the two goods since they are only goods I don't own and very necessary for the business to run well. I promise to repay the loan within a week since the business I am doing is fast moving business. I also own lodgings and a bar so invade the restaurant fails the bar and lodgings can bail me out.
Thanks in advance.

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Loan Info