To boost my hotel by buying more stock of dry raw foods for the new recipes and also to buy new chairs for my customer...

Betty Chepkemoi Bii

Ngata, Kenya

5% repaid

Entrepreneur

Name

Betty Chepkemoi Bii

Member since

January 2014

On-time repayments

310 installments  •  1%

About Me

My name is Betty Chepkemoi Bii.I was born in the year 1989.By today i am 25 years old.I am single,a mother of one girl called Quincy Chebet.I reside at Ngata,Nakuru County,Kenya.I started schoolling at Sobea Hills Academy and did my final examinations at the same school in the year 2003 and i scored 341 marks.I was the top five student to score the highest marks in that years final exams in our School.In the following year,i was enrolled at Mama Ngina Girls High School in form one and did my Kenya Certificate of Secondary Education final examinations and attained a C plain in the year 2007.Since i did not perform as per my parents expectations,My parents did not take me to the University and instead they enrolled me at the Tracom College for the Catering Course,which was a good idea for me too.After three years of college life i graduated with a Distinction in Catering.

My Business

After my college life,i had to look for an employment since i was big enough to cater for my own daily needs.I was employed for a contract basis at Merica Hotel for two years in a position of Head chef.I had to work keeping in mind that one day i will open my own business in a hotel industry.Finally through the help of my Uncle my dream came true one morning as i can vividly remember it was on October 2011.I was as happy as a queen to join the business of my own like other owner across the region.It wasn’t easy for the first few months because most of the customers around the town had been used to going only one hotel.So it was a challenge and later i introduced free snacks for every ksh.100 spent .With time they came in large numbers and i had managed to serve them up to date.The business is profitable although sometimes i face some financial challenges.Through the help of Zidisha Organization,my hotel will be more mordernized in terms of serving my clients with new recipes and also buying new chairs for my hotel.It is my prayer that the Zidisha Microfinance will keep my dream alive.Thank you so much.

Loan Proposal

Thank you zidisha team for making an effort to boost my hotel business.Once the zidisha team lends me with the loan,I will inject all the funds into my business and make sure my hotel looks modern by buying more new chairs and also increase the volume of my daily sales target.I assure the whole zidisha team and the lenders in particular,not to let you down,once my payment dates arrives.Thank you very much and welcome for the loan funding.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.05

Date disbursed

Jan 26, 2014

Repayment status

Late

Projected term

72 months

Cost to entrepreneur

Lender interest: $150.05 at 19.99% annual rate over 72 months = $179.39

Service fee: $31.67

Lenders

investor

Candiac, Canada

L

Lemon

Switzerland, Switzerland

B

Bavarian

Bavaria, Germany

joaoferraz

RINCHOA, Portugal

Jason

Auckland, New Zealand

S

Smith

Kespu'kwitik, Canada

A

anagnan

BRUXELLES, Belgium

Richard Griebe

La Jolla, United States

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