Loan to rent a larger room for my hotel

Magaret Njeri

Bamburi, Kenya

45% repaid

Entrepreneur

Name

Magaret Njeri

Member since

September 2014

On-time repayments

23 installments  •  61%

About Me

My name is Margaret njeri from nakuru currently living in mombasa county. Am married with two kids both in primary school in Mombasa. Having gone through primary and secondary school both in Nakuru, my parents couldn’t raise my college fee and I had no option but to stop there and try my luck somewhere else. From my infancy I loved cooking a lot it was more of a hobby, but with my passion with kitchen practices I started a hotel an I enjoy cooking. have four years doing this business an I have employed few people, but with your help I hope to expand this small hotel to relatively big one in future I hope it will be a restaurant.

My Business

I own a hotel by the name ‘kula ushibe’ meaning eat and get full, am located in bombolulu a few kilometers from kongowea market. I try and avail all sort of local food for my customers since more of them are just from around. competition is stuff but with hygiene an good quality food am able to attract customers. The big challenge that we get is mainly lack of presavertory measures like refrigerating. With help of zidisha i hope to purchase a fridge for my hotel. Am looking forward to offering you hospitality services when you visit Kenya.

Loan Proposal

I take this opportunity to thank my lenders of the previous loan and zidisha org. in general. my previous loan was so helpful in my business since i was able to purchase a second hand fridge,this fridge has help me to avoid loses as a result of food spoilage.I here by kindly apply for this second loan to enable me expand by business specifically rent a bigger room for my hotel. recently i have witnessed increase in customers and this alarms need for a larger room.with the sh. 8700 loan i will add sh.1300 from my savings and rent a room at sh.1000.Lucky i have sported a room just opposite my current site.This site is much better than the current one interms of space and design.I believe with u help and support my loan will be fully funded and on time.Thanks and God bless you as you help me take my life to another level.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$98.18

Date disbursed

Dec 8, 2014

Repayment status

Late

Projected term

3 months

Cost to entrepreneur

Lender interest: $98.18 at 12.18% annual rate over 3 months = $3.42

Service fee: $1.04

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