Margaret Bokole

Timboni Watamu, Kenya

62% repaid

Entrepreneur

Name

Margaret Bokole

Member since

October 2012

On-time repayments

11 installments  •  27%

About Me

am Margaret Bokole,a resident of watamu village in Timboni,I studied at mamba primary in kenya and i never went to secodary school and therefore ventured into a local restaurant busines within here in timboni,am married with 3 children who are now in school at watamu progressive school.I started this business because to help myself and my family.with the earnings,i will use the profits to add more stock to my business. However my big dream is to own a big hotel within here due to many tourists.

My Business

My business is operating of a local restaurant within Timboni Kenya,Demand for these services is high due to the fact that there is high population here in watamu.This makes it easy for me to sustain my business since am able to serve many customers in a day.Competition here is stiff but since am good in cooking local delicacies,this attracts my customers.Risks include rotting of some selected foods.i make about kshs 24,000 in a month.expenses include paying my assistant kshs 6,000.The balance is used to add more stock and pay up debts.

Loan Proposal

My business is operating of a local restaurant within Timboni Kenya. i sell foods like ugali,fish,sukuma wiki,mashed potatoes,beans and rice.i will use kshs 25,000 to buy more stock for my business and then kshs 10,000 to buy seats,benches for my business The rest shall be used for transport and purchase of makuti for my rewsaturant.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$505.25

Date disbursed

Nov 30, 2012

Repayment status

Late

Projected term

12 months

Cost to entrepreneur

Lender interest: $505.25 at 6.29% annual rate over 12 months = $33.02

Service fee: $18.31

Lenders

C

Cblodgett

Zurich, Switzerland

C

chkuo

Taipei, Taiwan

davelowe100

Perryville, United States

Cordula

Cologne, Germany

michellev

Melbourne, Australia

Jeff and Marcie

Portland, OR, United States

TheMoonDuster

Brisbane, Australia

russell

leicester, United Kingdom

Sundstroms

Falun, Sweden

S

Sinclair55

Burlington, Canada

J

Jameson

Salt Lake City, United States

W

Walker

San Antonio, Tx, United States

M

mikebrownmwb

Vancouver, Canada

A

aguayo

Silicon Valley, United States

MM

Mollie Milesi

Jeruslem, Israel

Landei

Sandersdorf-Brehna, Germany

R

RichardH

Manchester, United Kingdom

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