Kenya

Expand the seating capacity of my restaurant

Entrepreneur

This Loan
100% Repaid


Disbursed Amount: $765.56
Date Disbursed: Nov 11, 2016
Repayment Status: On Time
Repayment Frequency: Weekly Projected Term: 6 months
Cost of Loan: $37.54
Show Cost Details

Cost of this loan

Service Fee: 5% of $765.56 = $37.54


Story
About Me

i was born fifth in afamily of six when i was barely 2years when my father died .leaving my mum to bring up afamily of six boys as asingle mother. isat for my kcpe in the year 1990 and joined ahigh school in the following year and sat for my kcse in the year 1994 and immediately joined the matatu industry as atout for aperiod of 5years in between the 5years i also enrolled in college to study accounting after completing part one of CPA successfuly my mother died it was avery difficult time for me and icould not continue with my studies so i continued with the matatu for ashort while before i made adecision to start up abussiness at this time i had saved enough to enable me start ahotel bussiness. i incorporated a n outside catering services such that we can be hired to occations like weedings,funerals,birthday parties,etc tha bussiness is doing well only da challenge i have is the opperating apparatus which i beilive as istay 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.i,m avery close friend to my boys my first born talks of becoming adoctor when he grows up but the second borns says that he would like to be agreat business man .during ny free time i enjoy going out with my family we walk together and make fun

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 outsidecatering 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 applud me i feel great. i buy raw materials from da big market twice aweek and store them in the fridge.buying on the big markets enables me aquire them at afair 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 non permanent rental rooms in my plot back there in da rural

Loan Proposal

when i get this loan i intend to buy furnished tables with tagged hotel name together wiht ther matching metal seats reason as to why i have reached this conclusion is because the current seats i,m using are plastic seats and always breaks whenever aheavy customer seats on this has caused me unneccesary ambarassment and expenses beacause whenever it breaks i have to buy another one for replacement.which i believe ametal seats will solve this problem once and forall.i imtend to buy atotal of 30 seats each going for 15 dollars while da tables go for 35 dollars each i need seven tables



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Feedback
Positive   8      Neutral   0      Negative   0     

  • Margaret     May 29, 2017

    Positive

    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.


  • alecors     Aug 11, 2016

    Positive

    Congarts Geoffrey


  • Paola M     Mar 14, 2016

    Positive

    Geoffrey has given updates and paying on time. Keep working hard Geoffrey! My best wishes!!!

    • Geoffrey Wasike     Apr 11, 2016

      Positive

      thanks paula with the help of the zidisha team sky will be the limit once again i say thank u paula


  • Wendy Emlyn     Mar 14, 2016

    Positive

    Geoffrey has made regular payments, and has cleared his loan on time


  • andyfletcher     Aug 21, 2015

    Positive

    Good payment record.

    • Geoffrey Wasike     Aug 26, 2015

      Positive

      thanks andyfletcher i promise to be cooperative as you continue helping me to grow


  • howard     Aug 18, 2015

    Positive

    Thank you, Geoffrey, for your correct repayments.


  • Roy     Jun 2, 2015

    Positive

    Repaid on time. Thank you.

    • Geoffrey Wasike     Jun 3, 2015

      Positive

      thank u roy the loan u extended to me was of great help it has moved me from one level to another and i`m looking forward to grow with you. once again i say thank u

      • Geoffrey Wasike     Jul 29, 2015

        Positive

        may i thank u so much coz the money u send me i managed to rent anice business room which has greatly improved my bussiness soon i will be sending u aphoto of my new business location thank u sidisha i have now attached my photo in my new hotel my bussiness is doing so well and i,m looking forward to working with u

        • Geoffrey Wasike     Aug 5, 2015

          Positive

          may i take this opportunity to thank u zidisha coz i managed to move to anew location which has made my business to greatly improve the attached is my photo in the new hotel

    • Geoffrey Wasike     Apr 11, 2016

      Positive

      yes roy thank u for encouraging me i believe with the help of u and the entire zidisha team i will go far and struggling in life will be athing of the past.my desire is that let my life change positively .once again isay thank u roy


  • YP     Jun 1, 2015

    Positive

    Repaid on time.

    • Geoffrey Wasike     Aug 26, 2015

      Positive

      thanks yp i will continue to co operate as i look forward to see my vision get realised once again i say thank you yp


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Expand the seating capacity of my restaurant

Geoffrey Wasike
Nairobi, Kenya

100% Repaid