Purchase of deep fryer and micro wave for my hotel

John Kariuki

Kamwangi, Kenya

100% repaid

Entrepreneur

Name

John Kariuki

Member since

January 2015

On-time repayments

86 installments  •  86%

About Me

My names are John Kamau Kariuki 58 years of old from Kenya. I reside in Kamwangi Estate, 20km west of Thika town. I am happily married to Mary Njeri and blessed with three children, 2 have completed university while last born daughter is a second year student in one of the university in Nairobi Kenya. I am a civil servant and doing business as my part time job. Through savings from my salary I was able to set up a hotel business in my town area. This hotel has attracted lot of customers due to quality food, good customer’s service and good competitive food and beverages price. I have been able to employ 8 workers in that hotel because of the flow of customers everyday. I am planning to offer outside catering in various occasions like weddings, parties, graduations, birthdays and dowry ceremony among others. I have a vision of establishing many other hotel businesses in towns around my area and Kenya at large. This expansion will not benefit me alone with vast vast good returns but will also create job opportunity to many young people.

My Business

Am running a hotel business in Kamwangi town which I started 2 years ago. It was started from a humble beginning with only one bench but today it can accommodate 50 seated customers at ago. This hotel has been experiencing vast growth due to quality food, customer service and reasonable prices. I have been able to employ 8 workers so far. The quantity of food has been also another reason where customer flows due to availability of goods and services. I have cut short expenses by providing some products direct from my farm such as milk, eggs, onions, tomatoes and other horticulture products. This has reduced my expenses with 35% and thus increasing my profit margin. I am planning to expand my services by doing outside catering in various occasions like weddings, parties, graduations, birthdays and dowry ceremony among others and also establishing many other hotel businesses in towns around my area and Kenya at large. This venture will require more money to be realized so am looking forward for a platform to borrow from Zidisha Team.

Loan Proposal

Hello esteemed lenders wish to thank you for the previous loan which i paid without arrears due to the increased profit in my hotel.

I managed to buy more tables and chairs for the extension of my hotel by the help of the previous loan that you granted me. I am now looking forward to secure another loan which will help me buy a deep fryer and a micro wave. I am optimistic to be granted this loan on time and will go hand by hand to complement my savings.

This how I intend to use the loan:-
1). Buy Deep fryer @ 240 dollars
2). Buy micro wave @ 95 dollars

The deep fryer will enable us introduce fast foods like chips and chickens which is commonly used and micro wave will go along in keeping them warm thus attracting customers. When these two equipments are put in place our profit margin will shoot to 70% compared to previous time.
Thank you for supporting my vision. God bless you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$321.45

Date disbursed

Oct 21, 2015

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $13.35

Lenders

A

andyfletcher

I want my "My loans" page back, Qatar

Zidisha

Sterling, United States

JimVandegriff

Trinidad, California, United States

indeh

London, United Kingdom

S

Sabine

Courtenay, Canada

J

janp2001

Mountain View, United States

DukusP

Glendale, United States

clemenchiang

Singapore, Singapore

D

doinggood

Missoula, United States

M

mastodons

Chicago, United States

A

Anna01012

Bucksport, United States

A

Austrian

Graz, Austria

P

PhilACK

Brampton, Canada

birtom

Ettlingen, Germany

S

Sammlung

Glendale, United States

Matthew

New York, NY, United States

eastcoastcanuck

Fredericton, Canada

S

samuk

Nottingham, United Kingdom

S

samiT

Brussels, Belgium

madnomad

San Francisco, CA, United States

C

cczapp

Hilliard, United States

L

lender

Dubuque, United States

Jalene

Redmond, Oregon, United States

A

Aastra

Los Angeles, United States

K

Kinger

Dublin, Ireland

ATrain

Nashville, United States

W

Woodyrocks

London, United Kingdom

V

Va_Ce_Jo

Egham, United Kingdom

southcentral

Zürich, Switzerland

L

loistf

Madrid, Spain

M

mrsdshomestead

ash fork, United States

peanut

Halifax, Canada

MichelD

Bangkok, Thailand

A

Adembel888

Sydney, Australia

K

Katehar

Maple Valley, WA, United States

K

Kaz12

Winnipeg, Canada

J

jwharding

Hamburg, Germany

JennyinParis

Paris, France

russelldjs

London, United Kingdom

H

HMS6thGrade

Honolulu, United States

P

pellm

Ashland, United States

N

nime01

Kongsberg, Norway

N

Nassara1

Evergem, Belgium

J

janharg

Garland, Tx, United States

T

Travelbear

Asheville, United States

E

eirccharrie

Cupertino, United States

T

ThomasGermany

Wuppertal, Germany

bryancain

Toluca Lake, United States

O

Oktober

North Kingstown, United States

S

Saryan929

Somerville, United States

Echo

Wellington, New Zealand

H

hchsmicroloans

New York, United States

U

UmSaeed

Southfield, United States

D

Dionne

Pembroke, Bermuda

M

mwkelley2

Columbus, OH, United States

A

amnesiac

Adelaide, Australia

D

Dave22202

Arlington VA, United States

yorick

Springfield, United States

Alina

Amsterdam, Netherlands

LendingFromGermany

Gießen, Germany

A

Aaron

Zurich, Switzerland

Z

zblongladder

Somerville, United States

C

Casaderanas

Adelaide, Australia

W

WellingtonPFClass

Columbus, Oh, United States

D

djschin

Heber City, United States

C

cescotet

Needham, United States

RandyPetersen1

Colorado Springs, United States

J

justincomish

Riverton, United States

H

hivervan

watou, Belgium

B

Bluejay

Magrath, Canada

S

Southern

Oberursel, Germany, Germany

L

landhalsema

Driebergen, Netherlands

A

Aziza

Washington, United States

ohlandtmann

Moorestown, United States

J

jerryq

Redding, United States

E

emtesenair

Charlotte, United States

J

jackieric

Folsom, CA, United States

M

moneypatch

Heber City, United States

Nhende

Portland, United States

L

lilbsedz

Raleigh, United States

C

Christina345

London, United Kingdom

Tania

Antwerpen, Belgium

HMS_5th_Grade

Honolulu, United States

L

LenderTrender

Freeville, United States

Vla911

Milan, Italy

jhealy87

Silver Spring, United States

J

Jyoti

Herndon, United States

MikaL

Helsinki, Finland

C

chrono

Toronto, Canada

chadgibbs

Loveliest Village, United States

A

alexandraleaving

Alice Springs, Australia

F

FredBetty

San Antonio, United States

A

asmilligan17

Perryville, United States

N

Norin

Germany

davidt

San Francisco, United States

G

Gwencalon

Garching b. Muenchen, Germany

GH

Gav H

Langley, Canada

B

Britteva

Oslo, Norway

J

javifdezsainz

Madrid, Spain

J

JoeOmundson

Portland, OR, United States

Shamrock

Wicklow, Ireland

T

texasags

owasso, United States

D

d3witt

Cheyenne, United States

I

ianb723

ROCHESTER, United States

T

tbogz

Singapore, Singapore

R

Rondo911

sherbrooke, Canada

Richard100

Santa Ana, United States

nmatpt

Lisboa, Portugal

P

prashant

SUNNYVALE, United States

G

gregc

Calgary, Canada

S

solarkismet

Logan, United States

M

MarkGallagher

Glasgow, United Kingdom

Y

Yecats

New York, United States

E

ElliottGarlock

Palo Alto, CA, United States

A

arwaandali

Ottawa, Canada

D

ddandipu

Calgary, Canada

C

CarolD

Hendersonville, United States

W

Walter1

Bergneustadt, Germany

A

acolomitchi

Eynesbury, Australia

A

amish

San Francisco, United States

M

maxep06

Fairfax, United States

A

Avalokiteshvara

Yau Yat Chuen, Hong Kong

James

Paris, France

C

CJAnderson

Sydney, Australia

H

HomesteadSchool

Glen Spey, United States

Sheena47

Ottawa, Canada

U

UTLonghorn

Lincoln, United States

2

2Samuel22

Clarksville, United States

ashleeandjeanelle

Auckland, New Zealand

A

AegeusOceanus

Seattle, United States

claire.mcleland

Springfield, United States

P

Phoint

Zurich, Switzerland

Peter Marozzi

Kaohsiung, Taiwan

N

Navigator

Alavus, Finland

numbat

Perth, Australia

larsandanika

Langen, Germany

K

Krish

Dubai, United Arab Emirates

R

ruthieonart

Plano, TX, United States

KBW_Fundation

Winterthur, Switzerland

A

asmoris

Toronto, Canada

TraciV17

Indianapolis, United States

O

olliepalmer

London, United Kingdom

F

fredrikahl

Stockholm, Sweden

T

TedEBear

Sparks, United States

W

WenShiDi

mobile, China

C

caldw142

Whanganui, New Zealand

S

Sclodfelter

Los Angeles, United States

F

Fritzimax

Pacific City, United States

Bill2073

Florida, United States

I

icmoonchild

Haddon Heights, United States

O

ommthree

Egg, Switzerland

C

Colmena

Chicago, United States

DVM1417

Seaford, United States

J

jocke

Stockholm, United States

C

Christos

Leeds, United Kingdom

paulclinton

malaga, Spain

J

Justicar007

Longueuil, Canada

VicC2

Richmond, United States

A

AndrewC

London, United Kingdom

P

Paleomagick

Eldred, United States

Rena121

Sydney, Australia

C

Carlos

Barcelona, Spain

FriendinOregon

Hillsboro, Oregon, United States

P

Pavane

Kungsbacka, Sweden

L

lewisfamily

Bicester, United Kingdom

B

bakedpotato

Middletown, United States

W

wilma95

napa, United States

Inspire

Calgary, Canada

N

NickLuder

London, United Kingdom

A

Alaska

Roscommon, United States

T

ThereIsNoGod

Singapore, Singapore

A

alettore

Schleinikon, Switzerland

MarshFamilyUK

Canterbury, United Kingdom

Mrdressup

Brisbane, Australia

D

Draka

South park, United States

N

nglogic

Warszawa, Poland

90803

Long Beach, United States

M

MHarrison

Bristol, United Kingdom

M

mcmathae

Santa Clara, United States

Paul Buchheit

Mountain View, United States

Grant Xavier Storer

Seattle, Wa, United States

Roy

Espoo, Finland

wissam

Jeddah, Saudi Arabia

N

Nino

Switzerland

Paul Buchheit

Mountain View, United States

ZS

Zach Silveira

Asheville, Nc, United States

Ask John a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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