Purchaseof equipment

Geoffrey

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Geoffrey

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 aplied for i intent to buy three big sufurias since the ones i have are small forcing me to cook ugali several times because of the improved sales so that i can make ugali using those big sufurias which will help save unnecessary costs thus increasing my profits

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    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

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Loan Info

Project Type

Classic Loan

Disbursed amount

$171.00

Date disbursed

Sep 2, 2015

Repayment status

On Time

Projected term

2 months

Lenders

C

Christian

Saarbruecken, Germany

investor

Candiac, Canada

DeanDropshot

Oslo, Norway

johnandmoliehi

Canton, New York, United States

Zidisha

Sterling, United States

B

blahblah

Nuernberg, Germany

ads68

Melbourne, Australia

fairspirit

Utrecht, Netherlands

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

K

kingcamo1095

Mountain Home, United States

E

E

Marin county, United States

Z

zvrk2014

Brookline, MA, United States

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

AAE USA Team

United States

WiscoHorndog

United States

K

Kristiina

All Countries

JL

Joao Leal

United Kingdom

MW

Matt Willis

United States

jtreyes

United States

Kate Courteau

United States

E

erica

antwerpen, Belgium

Y

YP

Malaysia, Germany

JD

Jeff DePree

United States

BB

Ben Bellows

United States

JF

Jason Foti

United States

E

Eve

United States

T

Tina

United Kingdom

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  • Geoffrey    May 13, 2020

    due to the ongoing corona virus our business have been hit so hard so that is why iam requesting for the adjustment

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  • Janice    Mar 23, 2020

    Mr.Wasike has not been to business for a while but he will pay his loan due within the next 10 days period.

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  • Eunice Atieno    Mar 19, 2020

    He has some challenges with his new business and therefore has requested for more time to repay his loan.

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  • Madesto    Feb 29, 2020

    wasike said he will repay his loan on 6th of march.thank you

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  • Madesto    Feb 28, 2020

    wasike will repay his loan as soon as possible since he claims to be stablizing the new branch for his business.thank you

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  • Clement    Feb 5, 2020

    Kindly bear with wasike as he tries to improve the performance of his new branch

    Regards

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  • Geoffrey    Dec 21, 2019

    The new branch i started is still picking up i still need some more time to adjust i thank you for considering my request

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  • Geoffrey    Nov 12, 2019

    hi zidisha i have requested to reduce my instalment because my branch resturant is very new ,i have three staffs i,m paying them wages and the flow of customers is very low given that it is anew business so instead of struggling too much i can comfortably pay ksh 2000 for five intalments before i get back to the required amount thanks for considering my request

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  • Geoffrey    Nov 1, 2019

    i received the loan on time and now i,m on the process of buying equipments as i prepare to start the branch hotel resturant may i thank yu very much for funding my loan on time

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  • Geoffrey    Oct 28, 2019

    may i take this opportunity to say thanks alot for funding my loan on time iam opening up another resturant in the neighborhood this money will enable me to buy some of the equipments i need to start with . after opening up this hotel i believe my income will go up

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  • Margaret    Oct 25, 2019

    Good luck Geoffrey with this new loan! It is a great idea to add the rental rooms.

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  • Jose Ramirez    Oct 24, 2019

    Go gor that, Geoffrey, best of luck!!

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  • Nikko    Oct 24, 2019

    Best of luck on the new restaurant, Geoffrey!

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  • Mary    Oct 8, 2019

    Best wishes for growth in your restaurant business Geoffrey!

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  • Fox Family    Oct 1, 2019

    Good luck.

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  • Geoffrey    Mar 17, 2019

    Thanks zidisha I thank you very much for your continued support during the payment period I went through challenges but above all I'm back on track my business is performing so well which has enabled me to complete paying back my loan thanks for being patient with me. I look forward to working with you n I don't regret being one of zidisha, S family once again I say thank yu

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  • Geoffrey    Mar 11, 2019

    may i take this chance to thank the zidisha family for your continued support just to confirm to you that my business is now doing so well and i trust within the period i wsa given to pay back my loan i will manage to clear within the given period

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  • Geoffrey    Jan 5, 2019

    may I take this opportunity to bring to your knowledge that during December there was a lot of movement which stalled my business but now it has resumed and promise in afew weeks I will be settling all the pending balance in full

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  • Geoffrey    Jul 30, 2018

    may i take this opportunity to thank you the zidisha team for having funded my loan on time also may confirm to you that i have received atotal of ksh 85 500 which i have placed an order of tiles to be supplied to my premises in few days so that i can carpet the all floor of my premise to give it anew look which i believe will make the place look more attractive and modern.once again i say thank you the zidisha team

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  • Geoffrey    Jul 24, 2018

    Finally my mentor by the name adamson called me and we had wonderful conversation with him .he posed quite a number of question to me very friendly and the conversation was good

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