Rent an additional room to expand my restaurant

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, thank you very much for your help with my first and second loan. I have realized a very positive growth in my business and am pleased to inform you that there is great improvement in both income and number of customers. Therefore there is need to rent an extra room in order to accommodate the increasing number of customers. It will cost me $300 to secure the room that is three months rent. I will add the remaining $200 to my savings to furnish the room with a few tables and chairs. I am committed to repay all my installments in time. Regards

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$494.00

Date disbursed

May 29, 2014

Repayment status

On Time

Projected term

17 months

Lenders

davelowe100

Perryville, United States

adaniels85

Louisville, United States

BrianHibbs

South Bend, United States

valliejc

Edmonton, Canada

Landei

Sandersdorf-Brehna, Germany

Namaste250

Pittsford, United States

P

Prysdahl

Marshall, United States

J

javifdezsainz

Madrid, Spain

Sarasota

Sarasota, Fl, United States

DocHolliday

Legend, United States

O

oonbug

United States

larry

Sweden

A

ajayhk

San Jose, United States

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