120 installments • 33%
I am 41 years old, married with seven children who are all schooling. two are in high school while the remaining five are in primary school. I live in kiptangwanyi which is about 41 km from Nakuru town. I live in my plot which is plot number 14 in the kiptangwanyi shopping center. I am not formally employed and have been meeting my family needs through various manual work that i have been doing here and there. This prompted me to start the business of a hotel that i have been operating since 2006.
My business entails operating a hotel in kiptangwanyi shopping center. I sell fast foods and drinks in my hotel. I started this business after I realized the potential of this business in this area. My target was high school and primary school children who were and still are very good customers of my business. customers prefer buying from my business as I provide quality and clean food. I also ensure that my food is always fresh and this promotes my business so much. the risks that my business face are shortage of supplies and drought which affects our sources of the foodstuffs that i make.Currently I am using my earnings to expand my business to other neighbouring kiptangwanyi shopping centre.
I am grateful that I have been offered this opportunity to post a loan on Zidisha website. I am going to use this loan to do the following in my business. Firstly, I wish to start an outside catering services during this season when this business is booming and these services are highly required. I will require the following, A license to operate an outside food kiosk which will cost 10000ksh(about 114Us dollars) kitchenware that will cost 15000ksh(about 170Us Dollars) and the remaining will be used to buy foodstuff and pay casual workers.
I am targeting to make 100000ksh(about 1136$) during this season. Thanks in advance
Nov 24, 2014
Cost to entrepreneur
Lender interest: $511.16 at 5.99% annual rate over 20 months = $52.91
Service fee: $32.28