Restaurant expansion

Humphrey

Nairobi-uthiru, Kenya

100% repaid

Entrepreneur

Name

Humphrey

Member since

February 2015

On-time repayments

237 installments  •  43%

About Me

I am Humphrey Sasia, born in 1984. I am married and blessed with two kids. I live in Kenya, Nairobi City, Uthiru- Gichagi village. I schooled at Evojo primary and Aiam Secondary schools in respectively. I did a diploma in Business management at the Kenya Institute of Management (KIM). Perseverance, endurance and hard work is and remain to be the only key to my success in life. After completion of my diploma education, i got 100 US dollars from my uncle which i used to invest in the restaurant business. This was indeed a great success. I rented a and refurbished a small structure from thee near by uthiru market from where i started my small business. The main uniqueness in this area is that getting a good space to start a business and /or getting a good structure that fits in the public health specifications is hard. There are plenty of opportunities, however and who ever has an interest in them and with enough financial assistance one can easily succeed. My two children wish to become a doctor and a teacher. My hobby is reading novels and preparing recipes.

My Business

My business for a hotel/ restaurant. I prepare food staffs and beverages for human consumption and sell them to city residents . These products are of high demand due to mushrooming because of the high growing population in the in the city. Also, most of the motorists around believe in spicing their meals in the same area. The main reason why i chose this venture is because of these ready market and access to customers. The main costs incurred are in relation to the purchase of my stock and operational cost for the following day. Most of my revenue and income/ profits come from the sale of ready made food staffs and beverages . The main use of my profit is in improving my business and educating my kids as well as meeting my domestic expenses where necessary.

Loan Proposal

Hi Zidisha? I am planning to expand my business by finishing the expanded larger eating area for the large growing number of customers.I find the current area abit conjested and also the furnitures in the near future seem to look squized and insufficient for the large number growing day by day.these is my propporsed expenditure;
30dollars for the purchase of new furnitures,50 dollars for the purchase of finishing items like wood,paints fresherboards,plywood and decorations.,
11dollars for the purchase of extra utensils to be used i the new eating area since i will attract many customers.my customers will feel better to be in a new beautified area therefore this will increase my sales.
This time round iwant to finish my without any delay.I look foward to your positive response.thanks zidisha and God bless

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$92.00

Date disbursed

Oct 31, 2016

Repayment status

On Time

Projected term

14 months

Lenders

Paul Buchheit

Mountain View, United States

B

bscent

Hong Kong

V

Vivek

Arlington, VA, United States

Andri K

Baden, Switzerland, Switzerland

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

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