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Margaret Bokole

Timboni Watamu, Kenya

62% repaid

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How it Works

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.