Entrepreneur
Name
Charles
Member since
March 2014
On-time repayments
358 installments • 63%
About Me
I have grown up in Kahawa Wendani and successful completed my higher education in health and fitness instructor.
Am married and blessed with two children who are attending school in local community while my wife is engaged in family business.
I run and manage gym as a business and it involves aerobics, salsa, dances and weight trainings. Revenue generated from the business is used to partly offset family expenses and also saving with intention to expand the business. My wife also contributes towards the family expenses and education for the children so I have less pressure but to concentrate on managing the business.
My Business
I have been employed by reputable organization in the health & fitness industry since I completed my education then with savings from my salary I managed to establish my business which is a gym. My business involves aerobics, salsa, dances and weight trainings. Its both customized and general as it depends with the clients. My gym has limited facilities but now am in the process of acquiring more equipments to accomodate more people. I have also hired a young man who assist in the running of the gym while am offering customized services.
Loan Proposal
I need to buy a new treadmill machine for my gym since most of my clients train for short periods cause they have full time jobs,they afford like an hour or two per day and according to our training program running is very important so I loose a lot of money when they go to other gyms to access the treadmill.With the funds I will get from Zidisha I plan to add to my savings and buy the machine,A friend is selling me the machine at Ksh55,000 and so the amount from zidisha will boost me a lot after adding to my savings.This will improve the turn out to my gym by at least 45% and so paying the loan wont be a problem since my wife is also earning in her business I will have no stress in repaying the loan.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$365.00
Date disbursed
Jul 7, 2014
Repayment status
On Time
Projected term
15 months
Other loans
Lenders
Bremen, Germany
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