Entrepreneur
Name
Margaret
Member since
August 2014
On-time repayments
128 installments • 39%
About Me
I am the last born in a family of four currently residing in Nakuru, Lanet area.
I studied in Loreto high school and went to Nakuru teachers college for my diploma. I graduated in 2011 and opened a small cafe business in Nakuru town. Later on, I got a teaching job at the Lanet Eagle Mount Academy where I am situated to date.
My hobbies include making new friends, eating and swimming. I also love cooking and that is why I want to expand my business. In order to do so I need to move from the shed along the Matatu stage where my cafe is currently located to a place in the town CBD.
My Business
Due to the rising number of cafe owners in town, I am planning to beat the competition by offering quantity and quality food. I plan to deliver food to clients at their place of choice in plastic tins. I sell products such as traditional porridge, mandazi, vegetables, fruits, beef stew and chapatis.
Monthly I earn around $130 from my teaching job, $350 from my cafe less $32 for license fees and $270 for restock, leaving me with a profit of $48. Should I by any chance experience difficulties in repaying my loan due to possible increases in food prices, I will use my teaching salary to repay my loan.
Loan Proposal
i earn an estimate of 130 dollars from my teaching job, 350 dollars from the cafe and pay a license of 32dollars, restock using 270 dollars while i save 48dollars. in case i experience difficulties in repaying my loan maybe due to increase in food prices, i will use my teaching salary to repay my loan however, my last loan has helped me increase my earnings from the case with an estimate amount of 120$ monthly. with the amount of 300$, i will purchase one pig for 93$, woodwork and preparation of the pork butchery will cost an estimate of 116 dollars, since i already have a license, i will not have to pay for another one. however, i will employ a butcher for a salary of 58$. the rest will be used for miscellaneous purposes and other needs that may come up in the process. i hope that you will support me as i seek to achieve financial stability for my family and i.
About Me
i am the last born in a family of four currently residing in N akuru, lanet area. i studied in loreto high school and went to nakuru teachers college for my diploma. i graduated in 2011 and opened a small cafe business in nakuru town. later, i got a teaching job in lanet eagle mount academy where am situated to date. my hobbies include making new friends, eating and swimming. i also love cooking and that is why i want to expand my business. i want to find a room in the town CBD since am currently located in a shed along the matatu stage.
My Business
due to the rising numbers of cafe owners in town, i plan to match the competition through offering quantity and quality food. i plan to deliver food to clients at their place of choice in plastic tins. i sell foodstuffs such as traditional porridge, mandazi, vegetables, fruits, beef stew and chapatis. in a month, i earn an estimate of 130 dollars from my teaching job, 350 dollars from the cafe and pay a license of 32dollars, restock using 270 dollars while i save 48dollars. in case i experience difficulties in repaying my loan maybe due to increase in food prices, i will use my teaching salary to repay my loan.
Loan Proposal
i earn an estimate of 130 dollars from my teaching job, 350 dollars from the cafe and pay a license of 32dollars, restock using 270 dollars while i save 48dollars. in case i experience difficulties in repaying my loan maybe due to increase in food prices, i will use my teaching salary to repay my loan however, my last loan has helped me increase my earnings from the case with an estimate amount of 120$ monthly. with the amount of 300$, i will purchase one pig for 93$, woodwork and preparation of the pork butchery will cost an estimate of 116 dollars, since i already have a license, i will not have to pay for another one. however, i will employ a butcher for a salary of 58$. the rest will be used for miscellaneous purposes and other needs that may come up in the process. i hope that you will support me as i seek to achieve financial stability for my family and i.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$263.00
Date disbursed
Sep 1, 2016
Repayment status
Late
Projected term
21 months
Other loans
Ask Margaret a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.