Purchase equipment

Geoffrey Wasike

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Geoffrey Wasike

Member since

March 2015

On-time repayments

216 installments  •  69%

About Me

i was born fifth in afamily of six when i was barely 2years my father died .leaving my mum to bring up a family of six boys as a single mother. isat for my kcpe in the year 1990 and joined ahigh school in the following year after four years i sat for my kcse in the year 1994 it was not easy for mum to pay for school fees of three of us who were in secondary school given that she was jobless during vacations we could be hired to work in peoples farms atleast to raise school fees .after going through all this i managed to score amean grade of c minus .after finishing my secondary education i had no other choice other than joining the transport indusry to work as atout given that i had no training i worked as atout for aperiod of 5years in between the 5years i also enrolled in college to study accounting that is CPA COURSE after completing part one of CPA successfuly my mother died it was avery difficult time for me and that incident forced me to drop out of class that is to say icould not continue with my studies anymore.i stayed in astate of confusion for one year before i came to terms with what had happened and immediately made a decision to go back to the matatu industry and work as atout for like two years before i made adecision to start up abussiness at this time i had saved enough to enable me start a small ironsheets hotel bussiness.after three years of running that foodkiosk i decided to boost up my income by starting up the outside catering services such that we can be hired to occations like weedings,funerals,birthday parties,etc to prepare meals for the guests i found out that it was avery brillant idea because it responded so positively trully speaking bussiness is doing well only the challenge i have is the operating apparatus which i believe as i stay with u i will be able to purchase them so that i can avoid alot of expenses i normaly incure on hiring.this will save me from unnecessary expenses. on family matters i got married to my lovely wife in the year 2006 and we are blessed with two boy,s i,m avery close friend to my boys my first born talks of becoming adoctor when he grows up but the second born says that he would like to be business man .during my free time i enjoy going out with my family and make fun which gives as agood opportunity of bonding

My Business

presently i have arented hotel located in embakasi called classic hotel nearing pefa church embakasi along simbavilla baraka road my hotel is doing well i have 2 workers i n looking forward to expand more once i get finances so that i can increase my income.apart from da income fron hotel ialso give out outside catering services where we are hired to cook in functions like weedings,birthday parties.i chose this type of bussiness because from my childhood i liked cooking given that we were born only boys whenever i could cook and family members enjoy da meal i felt good even up to date whenever my customers apploud me i feel great. i buy raw materials from the big market twice a week and store them in the fridge.buying on the big markets enables me acquire them at wholesale price thus increasing my profits.i have two school going boys who takes an eighth of my business .profits as in school fees.i,m also planning to open abranch as re investment.i normaly buy fresh products from da market then cook in my hotel my hotel is based around aschool where mostly students come for food .i chose this kind of bussiness beacause since my childhood i liked cooking and also after doing reasearch i realised that there was no hotel around that area yet students used to walk long distance in search of food.as at now i make atotal collection of twelve thousands kshs against cost of eight thousands leaving me with aprofit of four thousands. i spend ten percent as school fees for my boys,spend 20% om improvement of the physical appearance of da hotel,30% is spend in our daily needs in da house and 40% for re investiment like as now i,m constructing semi permanent rental rooms in my plot back there in the rural which i believe once i complete they will increase my monthly income because i will have to rent them out to tenants at amonthly rent of ksh 1500 .this will enable me venture into more investment in the future and i believe through doing all this i will be growing

Loan Proposal

the loan i have applied for i would like to use it to purchase food warmers because whenever i go out for an outside catering service in functions like wedding i,m compelled to hire the warmers which has proved to be very expensive so if you help me to aquire my own then it will save me from the cash i give out as renting fee this will also increase my revenue

Feedback

9

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  • Margaret    Feb 1, 2018

    The loan was paid off perfectly.

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  • Margaret    May 29, 2017

    Geoffrey paid off his loan perfectly and was a pleasure to work with. I would gladly lend to him again and encourage others to do the same.

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    • Geoffrey Wasike    Nov 19, 2017

      margaret goodmorning
      may i bring this to your attention margaret actually i,m now left with only seven days before my loan proposal expires but i,m worried coz i may plunge into financial crisis because quite anumber of materials for electricity and water i had already placed an order plz advice

      Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$514.01

Date disbursed

Apr 22, 2016

Repayment status

On Time

Projected term

6 months

Cost to entrepreneur

Service fee: $21.16

Lenders

Q

Quomar

Żmigród, Poland

B

bgalon

London, United Kingdom

zebby24

Ft.myers, United States

H

Hans57

Berlin, Germany

H

Heja

Hamburg, Germany

D

Delph007

Den Haag, Netherlands

Ishaque

New Jersey, United States

investor

Candiac, Canada

K

Krokslatt

Mölndal, Sweden

BelleStarr

Albuquerque, United States

G

garrybuck

Oro Valley, United States

cyrus0302

San Francisco, United States

D

drjofleming

UK, United Kingdom

COOPITALIST

Toronto, Canada

A

andyfletcher

I want my "My loans" page back, Qatar

DeanDropshot

Oslo, Norway

F

Fredrik

Gothenburg, Sweden

I

Interfree

Dubai, United Arab Emirates

R

Roman

Barcelona, Spain

johnandmoliehi

Canton, New York, United States

Zidisha

Sterling, United States

J

JakeA

Wellington, New Zealand

quozl

Dublin, Ireland

C

cjmenchaca

Austin, United States

Aggul

London, United Kingdom

Jeff and Marcie

Portland, OR, United States

B

blahblah

Nuernberg, Germany

T

thejacobnorton

Jubail, Saudi Arabia

HansLindgren

Uppsala, Sweden

TheWhiteCat

Surrey, United Kingdom

S

SelvaMarcus

Green Cove Springs, United States

beverly

Vancouver, Canada

J

jjonas

berlin, Germany

F

fisaire

Ithaca, United States

G

grahamfamily

Guildford, United Kingdom

T

tonilends

catalonia is not:, Spain

indeh

London, United Kingdom

athomas

Chevy Chase, United States

J

Jaslogic

Castle Rock, United States

S

suzerain

Kuala Lumpur, Malaysia

H

HildeK

Rogaland, Norway

D

Divergent

Bethesda, United States

amovida

Central valley, ny, United States

kickerofelves

Sao Paulo, Brazil

Cloudways

Malta, Malta

IA

Ismini and Jerry

Stamford, USA, United States

P

penguin3694

Chicago, United States

B

bugsheep

Houston, United States

B

BClay

Campbell, United States

ads68

Melbourne, Australia

P

Patrick5678

Beijing, China

O

Orenius

Tacoma, United States

Cadwah

Barcelona, Spain

Bruno

São Paulo, Brazil

M

mkellerman

Shanghai, China

basicus

Cairo, Egypt

JC

Jordi Cohen

New York, NY, United States

mithril

Prague, Czech Republic

K

KnutG

Bergen, Norway

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

C

caz32

chertsey, United Kingdom

Longhorn

Austin, United States

neocodesoftware

vancouver, Canada

Kathunka

Bern, Switzerland

isabelv

Barcelona, Spain, Sweden

G

greendave

Manchester, United Kingdom

Z

ZacJ89

RIverside, United States

Zal0m0n

Atlantis!!!! x), Mauritania

B

Bokolo

Leeds, United Kingdom

stever

Cape Coral, United States

L

LenoMetus

Perth, Australia

D

doublehelix

Philadelphia, United States

S

seikatsu

Palo Alto, CA, United States

dmirpuri

Bangkok, Thailand

Matthieu

Switzerland, France

xtrahardware

Cazenovia, United States

K

khassi

AinEbel, Lebanon

Genady

Münich, Germany

barthez

Hamm, Germany

M

Madone52

Brisbane, Australia

DJBic

Clinton, United States

A

Alexxa

Vancouver, Canada

HealthcareProvider

Baltimore, United States

E

E

Marin county, United States

D

daylin

Chicago, IL, United States

C

Clben7

Cincinnati, United States

P

Purplejeep

Moravia, United States

G

GanSatya

United States

B

BobHope

United States

sderickson

Berkeley, CA, United States

O

oonbug

United States

J

janakan

Hong Kong, Hong Kong

M

Malibu

Westwood, United States

G

geoff

United States

S

spivurno

United States

DavidHS

United Kingdom

Paul Buchheit

Mountain View, United States

A

allie105

United States

Pankratio

EastVan, Canada

Landerson

Edinburgh, United Kingdom

K

Karpet

Faroe Islands

joshuacollinson

Vienna, Austria

S

sarah4d2

Saint Louis, United States

T

thenwhen

United States

A

ajayhk

San Jose, United States

J

jbhernan

United States

mepster

San Francisco, Ca, United States

R

RonEddy

United States

J

JEllerby

United Kingdom

V

vbud

United States

W

wesbh89

United States

I

idris

United States

J

jdelaporte

United States

A

AlexH

United Kingdom

dpollard

United States

S

SCHAC

Switzerland

N

Nicolaas

Doha, Qatar

M

M.Umar

Pakistan

P

pnrjulius

United States

SuperMario28

Cudahy, United States

Kyle Hoback

Jersey City, NJ, United States

alecors

Mexico, Mexico

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

JP

James Parker

Sacramento, United States

VS

Vajean Stan

Mangalia, Czech Republic

Arne Bachmann

Hamburg, Germany

D

Doug

Baltimore, United States

M

Marcus86257

United States

MJ

Matt Jenkins

United Kingdom

BM

Brian Mickel

United States

Dave Bogard

New York, United States

MF

Martin Fisher

United States

Roy

Espoo, Finland

Family Mueller

Petershagen, Germany

AL

Amy Luo

United States

Greg Howard

Reno, Nv, United States

S

Steve

United States

MW

Matt Willis

United States

T

Tarik

Ludwigshafen, Germany

JD

Jo Dane

Melbourne, Australia

Francoise Kuenzi

Neuchâtel, Switzerland

Y

YP

Malaysia, Germany

KL

Ket Lin

United States

Cameron Graham

Nashville, TN, United States

John Prendiville

Portland, United States

Martin Nielsen

Aarhus, Denmark

AK

Achim Königs

Bonn, Germany

Christopher Hey

Sudbury, Canada

S

stevensau

United States

GG

Gituru Gitumbi

Seattle, United States

JC

juli camrud

United States

RC

Rudi Chen

United States

JA

Jan Andresen

Hamburg, Germany

J

Jon

United States

Caitlin Campbell

Chicago, United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

P

Peggy

United States

A

Ari

United Kingdom

JM

Jacqui Munro

United Kingdom

Gail

United States

M

Mika

Switzerland

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