Purchase of New Free Weights for Personal Fitness Gym
Sylvester
Yenga, Kenya
100% repaid
Entrepreneur
Name
Sylvester
Member since
February 2016
On-time repayments
60 installments • 68%
About Me
I am sylvetar Omondi,I schooled in st marys primay school and went to maranda high school for my secondary education. I was not able to join tertiary institution due to financially disability.
With my level education it was not possible to get any meaningful job, as a rugby play I always did body bulding and since I could not afford gym ,I had bought a a few weights to train from home, lots of friends could join me fro free and but i started charging them small fee of 0.3$ per day,with time the number increase and with my little savings I made a structure out of iron sheets for training and that is how I started off my career as a gym instructor and owner.
I come from western kenya and I am a luo.In our land most people practice farming and the poverty levels are very high.there are several unique physical features including the great lake victoria.
I spend alot of my time at the gym ,but when free I fancy watching soccer, playing rugby and meeting new friends and people.
My Business
I run a fitness centre ,an I do train wait lifters i.e body builders and aerobics. The demand for fitness services have increased in the recent past because of the need for fitness and cutting wait.
I choose these business because I have been passionate about body builders and the profit margins are good.
my monthly costs are typically $150 for ,rent,e;electricity and water. in a good month my revenues average are $400 per month.
I use the profits ,to educate my child,take care of my wife ,mother and siblings and also save for reinvestment.
Loan Proposal
the number of clients has increased tremendously hence the need to add more wights so as to cater for the big numbers.More weights would reduce weighting time hence help my customers to train faster and well. I would use the $194 to buy 40kgs of weight. Thank you and God bless you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$201.00
Date disbursed
Jul 20, 2016
Repayment status
On Time
Projected term
49 months
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