81 installments • 77%
Am Bilha Mutola . I come from Nakuru , live in an estate called Race course. It is near Carol Academy school , Nakuru.I come from a family of eight , and am the first born.I am a trained teacher though , currently teaching part time.Am a graduate of Kenyatta University.
I love being my own boss, hence the need to start a business.Am enjoying what am doing.
From the proceeds of the business , i was able to buy a plot and household goods. Am also paying my brothers school fees in high school.
Business in Nakuru town is good ,since the population has really picked up. So , with this loan i will be able to expand my business.
The business is doing okay, hence i will use the profits to repay the loan. Am running a small hotel in town. The demand is huge as i serve fast foods. The business of food has been and will always be good.I also serve traditional foods , people love this type of food , so the demand is huge.
I have many customers , so i need to expand and add more variety of menu so that i can attract more customers.
The profits are huge and i have used some of the profits to restock .
The only risk i have seen is that , when customers come and there is no service they tend to go to the other competitors and to me this is not good for business.My monthly revenue after i have paid my bills is Ksh. 35,000. I intend to use the profits to repay my loan.
Thank you Zidisha Organization for the good work you are doing.This is my second loan, having used well the first loan to set up a small hotel , specializing in traditional dishes. This second loan , i intend to add two ovens/cookers , one traditional ,this one is going to be prepared by a traditional builder, while the second will be a modern one. The traditional oven will cost fairly Ksh. 7,000, while the modern one will cost approximately Ksh. 17,000, So , the total cost will be approximately Ksh. 24,000. These two ovens /cookers , will enable me to prepare some of the meals which require baking. I have been using an old one , which has kept on malfunctioning. Therefore with the two cookers (small type) , i believe my hotel business will do much better.
Thank you , for this great help
I remain committed to the ideals of Zidisha Organization.
Dec 30, 2013
Cost to entrepreneur
Lender interest: $303.09 at 7.17% annual rate over 14 months = $25.08
Service fee: $12.35