Purchase food serving warmers and more plates
Peter
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Peter
Member since
August 2015
On-time repayments
259 installments • 20%
About Me
ever since i was akid i have learnt to always workhard in everything i do...that memorable moment when my grandmother was always keen to reward the hard work as little as it was..even if its to be sent to the shop ..she always made sure she gave out something...from that i have always learnt in life its all about working hard and having a vision and not giving up first...all that is needed is to exploit that inside power and imaginable things will turn real...
My Business
i have been to the business for an year now...service provided outside catering..(functions e.g wedding,birthday parties)its aslow moving business that requires one to have enough equipments..in terms of food production and service....however once well marketed the performance increases with time ..challenges of income goes hand in hand with service and equipments available..with my diploma in hotel management i will be able to utilise my knowledge well for abetter future...the following is the projected cost for the needed items,food warmers at cost of100$ ... and more plates to cover for more guest 50$ ..total cost of 150$...with these i will save 30% of my profit which was used to hire...in agood day catering for 100 people menu the profit margin goes to around 10,000ksh(100$) however the business is occasional like in a month you might get 3- 4 jobs depending on the month..with these am sure the market will increase as well...
Loan Proposal
The loan will help me to buy my own food serving warmers and more plates for service hence saving on the cost of hiring.....these two equipments will help to increase the profit margin and give amore efficient service to my customers...3 food warmers will go at acost of 100$ ...and anumber of 200 plates to a cost of 50$...total cost of around..150$...more business is expected at these december holiday....
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Nov 4, 2016
Repayment status
On Time
Projected term
6 months
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