More seats for my entertainment room

Entrepreneur

About Me

I grew up in a Christian family at a place called Kericho .My parents have really supported me all along through Primary studies all the way upto University level .I hold a Bachelors Degree in Information Techonology from Nairobi University.
Through life's hardships,I have learnt a lot and infact it made me think outside the box.Joblessness made me of venturing into a business and that really became a turning point in my life.
My land(where I come from) is very fertile and various crops really do well unlike other areas where specific crops are grown. I have a young boy aged 12 who has always desired to become an engineer when he grows up.
I love playing football and reading novels.

My Business

My current business is under Entertainment category.I offer sports and movies broadcast.On the sports side I have subscribed for Dstv premium package and I have been offering all live sports events including soccer matches(English premier league,Bundesliga) among others.Also,I offer movie services during weekdays.
My services are in huge demand being a monopoly in my area and more so because of the Large and I High definition screens that I use these services.The current full capacity of my room is 384 people at one sitting.For sports,customers pay half a dollar per match and a third of a dollar for movies.I m glad that demand is still growing .In a month,I make a net profit of Ksh. 27000.
My current monthly costs include electricity of ksh.6000,Maintenance of ksh.3000,House rent 5000 ,Subscription fee of Ksh.10562,Insurance fee of 2000.
I use the profits to pay for my son's fees and also my siblings tuition fee and the remaining amount I investment back into the business.

Loan Proposal

Currently,the demand for my services is very huge and other customers have been missing out on seats when they come late.I now would like to increase the number of seats by 100 more seats to accomodate more customers.This amount that I am going to receive from Zidisha is purely going for facilities of more seats.I expect my profits to increase by upto 27 percent.

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