To purchase a good quality refrigerator for business

James

Nakuru County Nakuru Town, Kenya

100% repaid

Entrepreneur

Name

James

Member since

September 2013

On-time repayments

127 installments  •  56%

About Me

I am aged 26years. A Kenyan by nationality,living in nakuru county.I did my o level in 2006 then joined National youth service school of catering where I did food and beverage production service and sales craft level. I did my first job at Samburu simba lodge for 1year 4 months, having acquired skill in the hotel industry and seeing good potential in establishing my own business in the same field, I quit the job and started a fast food outlet which am operating till now. I use my earnings from the business to purchase better equipment i.e fridge,oven, microwave in order to satisfy the increasing demand of my customers. The remaining amount caters for my personal needs like food,clothing and shelter.The rest of my savings goes to education to advance my knowledge. I am currently pursuing a diploma in food production and hotel management.

My Business

The business has been doing good although some challenges i.e.Inadequate capital to improve my business.Equipment shortage e.g better oven, microwaves, gas cooker etc that will help me improve the quality of my food These are the 2 major challenges that am facing currently. I humbly request for a loan in order to work on the mentioned challenge s to meet my target and meet my demand to my customers , i make around 20000sh to 25000sh in a month, am focused and working hard to gain more experience and also to enlarge to a reliable business.

Loan Proposal

Dear Zidisha lenders

It's my pleasure to inform you that through your help with the first loan, my business income has increased hence i was able to repay my loan in full before schedule. Am looking forward to do the same with my second loan of($150) which i intend to add to my savings of ($200) and purchase a good quality refrigerator with a freezer worth $349.This will help me avoid loss due to quick perishability of products like milk,vegetables and fruit juice by keeping them in the frige. It will also aid to serve my customers with cool cold softdrinks which is in great demand hence i will satisfy my customers.Therefore i humbly ask of your assistance in funding my second loan.

Thank you!

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Mar 19, 2014

Repayment status

On Time

Projected term

7 weeks

Lenders

C

cjmenchaca

Austin, United States

Landei

Sandersdorf-Brehna, Germany

Cadwah

Barcelona, Spain

Sarasota

Sarasota, Fl, United States

Matching Fund

Sterling, United States

T

theironbank

United States

Wouter

Amsterdam, Netherlands

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