Entrepreneur
Name
Abdalah Yusuf
Member since
February 2014
On-time repayments
234 installments • 7%
About Me
am owino Otieno .am the fist born of my family and married ti one wife and with God grase an blessed with 1 baby girl .i live an Bumala due to my business maters .
I did my o level at Nambale high school . I was not able to get to my higher level education since I lost my parent the year I finished my high school education I had to move to my uncle with my two sibling since he was the only family we had left with . He used to have a video I used to help him most of the time while he run some other business on the farm. Through the experience I was able to get the idea of running the video business.fom this business I have been able to take care of our sibling and I manage to take care of my young family to .
My Business
I have a video show in Bumala Kenya.I started the business from my own personal savings after doing some casual jobs for months.The reason why i started this business is,i liked watching football so much.So whenever i went to watch football in the hall,i could find the hall full that if you come late you are forced to stand at the entrance while watching.Especially when there is big team like Arsenal and Manchester United,FC Leopard and Gor.After getting this business idea i started to look for capital to open my own.Now i have i larger hall in Bumala.I have so many customers because i show current movies,local and international premier league.My customers are also many because i do always have three screens in that they can watch three matches played at the same time.The business is profitable because there are few halls in Bumala.In one football game i can collect revenue of ksh 4000.
Loan Proposal
I will used to repair my back up(generator) and one of my screen. They are having some minor technical problems.I have been forced to hire one(generator) whenever electricity goes off and my screen have problem on display that i been ask by a technical to pay ksh 4000 for its spare and my generator does have problem with the current output and also it consumes extra fuel and have been asked to pay ksh 6500.Now after repairs i will be able to save this cost of hire which is ksh 400 per day.
I also want to modernized my hall so that i can attract more and more customers and i believe it enable me earn more revenue.
Last i thank you for accepting my application and i request lenders to lend me without fear.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Feb 25, 2014
Repayment status
Late
Projected term
54 months
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