Bilha Mutola

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Bilha Mutola

Member since

July 2013

On-time repayments

81 installments  •  77%

About Me

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.

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.

Loan Proposal

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.
Regards
Martin

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$303.09

Date disbursed

Dec 30, 2013

Repayment status

On Time

Projected term

14 months

Cost to entrepreneur

Lender interest: $303.09 at 7.17% annual rate over 14 months = $25.08

Service fee: $12.35

Lenders

Flobe

Portland, United States

J

Jessica

Patagonia, Argentina

MicroFinancier

New York, United States

juliemartha

Lake Mary, United States

N

netsirkd

Highland, United States

Cricketca

San Jose, United States

K

Krtek

Freiburg, Germany

W

Walter01

Kingston, Canada

C

CTAustralia

Caboolture South, Australia

C

CZC

Lake Zurich, United States

T

TodaRaba

Tacoma, United States

K

Kristell

Middelburg, Netherlands

cman8888

Philadelphia, United States

fransk

Culemborg, Netherlands

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