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

None

None

None

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

Ask Betty Chepkemoi a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Please log in to comment.

  • Betty Chepkemoi Bii    Jan 25, 2015

    Having been unable to service my loan for a while,i am apologizing for this and promise the entire team that this will never happen again.Kindly change this weeks payments and God willing i will be servicing my loan repayments on time.I am getting to start next week my weekly payments.Thank you for your understanding.

    Log in to reply • Share
  • Betty Chepkemoi Bii    Dec 10, 2014

    Hi to you all back in the zidisha team office.I am back in my business,although i have been experiencing some difficulties in my hotel for a while now.The small hotel of mine was closed indefinitely following a family dispute with my husband.Now we have resolved the matter and i am back home again and to my business too.The business is slowly picking up although i have not paid back my loan as i promised.That is why i am humble to reduce the amount and i may adjust after my business retains back.It is my sincere apology for not making the team to know as how i was faring on.Kindly accept my apology.Thank you all in advance.

    Log in to reply • Share
  • Betty Chepkemoi Bii    Dec 10, 2014

    Hi to you all back in the zidisha team office.I am back in my business,although i have been experiencing some difficulties in my hotel for a while now.The small hotel of mine was closed indefinitely following a family dispute with my husband.Now we have resolved the matter and i am back home again and to my business too.The business is slowly picking up although i have not paid back my loan as i promised.That is why i am humble to reduce the amount and i may adjust after my business retains back.It is my sincere apology for not making the team to know as how i was faring on.Kindly accept my apology.Thank you all in advance.

    Log in to reply • Share
  • Betty Chepkemoi Bii    Sep 21, 2014

    For the last number of months,i had been unable to send anything to pay my loan.This happened after my mum paased away leaving me to carry the burden of offsetting the hospital and mortuary bills alone.Now i have cleared the bills.and i am now set to clear my loan,since i am now fully in my hotel as usual.I have never experienced the hardship of being almost everone relying on you,but i tell you it was not easy.kindly i am sorry for the interuption in my payments.Thank you good people.

    Log in to reply • Share
  • Bavarian    Sep 6, 2014

    Dear Betty, I hope you and your family are doing well. We haven't heard any news from you for a while and you are behind your repayment schedule. Please keep us informed how things are going. Regards, Bavarian

    Log in to reply • Share
  • Betty Chepkemoi Bii    Apr 28, 2014

    Thanks alot zidisha for the reminder.I had been so quiet for a loan time since.I had been undergoing some challenges of here and there,but i a'm planning to continue paying my loan starting mid next month(15-5-2014)Kindly i cant easily forget what you have to my hotel business to that extent.Please my dear Zidisha team bear with me for now.What i can promise zidisha is that i will never let you down in whatsoever the circumstances.Better late than never.Good day to you all.

    Log in to reply • Share
  • Jason    Apr 26, 2014

    Hi Betty,

    I hope your hotel business is doing well.

    Can you update us on the status of your loan? Currently your page is showing the loan due for full repayment by the end of this week but I see from the comments that you have rescheduled it.

    Regards

    Jason

    Log in to reply • Share
  • Betty Chepkemoi Bii    Mar 27, 2014

    Thanks zidisha team for understanding the situations that i was undergoing through in my hotel.For now i am fine and i'am also doing to my level best to see that i will not remain behind with my loan payment installments.For now most customers are preserving my services as we are in the rainy seasons,where as i am offering hot drinks like mixed tea(masala & ginger mixed with lemon),coffee,African tea and hot porridge.It is my wish that you keep the good work and God will reward you.Thans alot.

    Log in to reply • Share
  • Betty Chepkemoi Bii    Mar 12, 2014

    Thanks so much the zidisha team for rectifying my loan page.I have today rescheduled my weekly repayments and i will begin coming week.Thank you very much as i was worried as to what happened.I have started well my business as i had closed for 10 days as i was returning my kid to the school and also my big sister was admitted to the Referral Hospital in Eldoret although she is now recuperating and by tomorrow she will be discharged.Everything will be back to normal in my business from tomorrow and i will start remitting the payments soon.Thank you and God bless the entire zidisha family.

    Log in to reply • Share
  • Betty Chepkemoi Bii    Feb 14, 2014

    How are you doing Zidisha Organization and all the lenders?It is my hope that you are doing fine.Back here in Kenya i am also fine and sound.My business also is doing good and i have already stocked my hotel with more food stuffs and bought some chairs to cater more clients at the same time.
    I was requesting the zidisha team about my account which has been saying that it has expired.The reason for this,i really don't know.Kindly rectify these so that i can know the repaying date.Thank you all and have a Happy Valentine Day.

    Log in to reply • Share
  • Richard Griebe    Jan 25, 2014

    Dear Betty,
    I am thrilled to be one of the lucky lenders who financed your loan. Reading your story, I am immediately struck by your business smarts and willingness to work hard and become a more successful entrepreneur.
    I look forward to hearing about the growth of your business and if you decide to apply for another loan, I will be first in line supporting your.
    Richard

    Log in to reply • Share


Loading...

Loading...

Loading...