To buy stock for my hotel

Joseph

Nairobi, Kenya

13% repaid

Entrepreneur

Name

Joseph

Member since

January 2015

On-time repayments

112 installments  •  6%

About Me

My Names are Joseph Imbali Muloli , I was Born and raised in a remote Village Called maraba in Kakamega county, Western Kenya. Im the second born in a family of seven children. My parents died in 2007 in a Road accident while I was still in school. Life Became more tough for me and my young sisters because I had to pay school Fees for them and myself and this forced me to sell Mangoes and onions in order to pay fees for them and for me too. This made me work Harder and Harder to overcome our Daily problems.
After the complesion of my high school, I had no money to take me to the University so I decided to open a small Hotel from the money I had saved from selling mangoes Which Im still operating till now. I have one child who is in pre-school and He wants to be a Doctor wen He grows up. For me I want to Be an Enterpreneur.

My Business

I Have opened a Hotel that is doing well. I cook food and sell to people at Nairobi industral Area. Food is in High demand because most people prefer to eat in my Hotel than in their homes because of good food i prepare for them. I choose this Business Because every person in the world feels hungry and wants to eat and I like serving people and interacting with people from defferent regions. the profit that I get from this Business, I pay fees for my kid and my young brothers because our parents died and Being the Bread winner I have to take care of them and save the remaining for the growth of the Business. Thank you.

Loan Proposal

Dear Lenders, The following is my Proposal for my Loan:
Maize Flour Three Bales - 30 Dollars
Cooking oil 20 ltrs -20 Dollars
Baking Flour 2 Bales 50 Dollars
If this proposal goes Through, this will help me pay school fees for my Kids, Younger brothers Who are still in school and save to Expand my Business to help The community at Large For Employment and Service. I expect my profit to increase by 30% in the first Two months. Thank you so much.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Feb 9, 2015

Repayment status

Late

Projected term

26 months

Lenders

Zidisha

Sterling, United States

beverly

Vancouver, Canada

J

jjonas

berlin, Germany

Erica

Caledon, Canada

kickerofelves

Sao Paulo, Brazil

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

ShaneS

Port Pirie, Australia

S

Serene

Philadelphia, United States

jan73

Eugene, United States

O

oonbug

United States

Matching Fund

Sterling, United States

M

meric

Australia

KM

Kirsty M

United Kingdom

Robert

Sweden

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