Acquire my business licence and add new dishes to my restaurant

Richard Gichuna

Meru Town, Kenya

51% repaid

Entrepreneur

Name

Richard Gichuna

Member since

February 2015

On-time repayments

45 installments  •  31%

About Me

My name is Richard Gichuna, I am a 24 year old Kenyan citizen. I come from Nyeri county but I am currently living in Meru county, and this is where my business is based. I completed my high school education back in 2008 but I did not make it to University. However, I have developed a go getter attitude that I was taught by my parents when I was growing up. I have learned that you can get anything in this life only if you focus. I come from a humble family, and I assist my parents in paying my younger brother's upkeep. I really need assistance from members of Zidisha community since, the growth of my business means a lot to my business and my family too. Any assistance from dear lenders is welcome. Thank You in advance.

My Business

I have specialized in distribution of fast foods in Meru town, and I have a great passion for my business. My main customers are people working in shops, mechanics and travelers mainly at the Main stage. The type of food that I prepare everyday depends on consumer preference. Most people are familiar with my products around town, and I have very reliable and steady customers. I deliver my food products to customers at shops, offices, bus stations and other areas in town, and I have not hired anyone. However, when my business is relatively stable I have a plan of hiring a few people to help me exploit the Meru town consumption market. Gakoromone market is very close to the place I live, and this is the place I shop most of my food products at cheap prices. It also means that my food is fleshly cooked, and that is why my customers are so loyal. I would like to seek loan funding from this forum to assist me in growing my business as well as personal development.

Loan Proposal

Dear friends at zidisha group,I distribute cooked food products in meru town like pilau,chapati and githeri and by the help of the first loan i have even started distributing tea and snacks making about1300 KES which translates to about $14.5 but i have been required to licence my business by the government a process which costs about $172 an amount i haven't been able to raise since i still help my brother with his fees,i intend to use the next loan about $172 to get the licence and the remaining $45 to add more food products like cooking oil,maize,beans, and potatoes. My projection is that having licensed the business and with good food stock i will work comfortably and by the help of God i will make enough profits to pay the loan and fund my brother's fees ,i am optimistic that i will make it with the support from members of this forum. Thanks dear friends.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$197.04

Date disbursed

Jul 27, 2015

Repayment status

Late

Projected term

5 months

Cost to entrepreneur

Service fee: $7.94

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