Vacate to a bigger space to cater for growing clientelle

Virginia

Kitengela, Kenya

28% repaid

Entrepreneur

Name

Virginia

Member since

February 2015

On-time repayments

123 installments  •  46%

About Me

My name is Virginia born in Thika near the capital city of Kenya – Nairobi. I was born in a family of three and I am the second born. Thika is an industrial town which is about 40 kilometers from Nairobi and it here where you will find heavy industries for making vehicles and food processing. My parents were businesspeople and I was raised up in an urban setup while helping our parents in their business activities.
I did my education up to secondary school and then joined a course in hairdressing where I got a certificate after one year training. I could not secure a job after the training so I resorted to doing odd jobs to earn a living.

I finally decided to start food business where I would prepare the food at home and take it to construction sites where the workers would buy the food. I later opened a makeshift hotel where I am still operating to date.
I am married with two children 10 and 4 years old and they are both in school.

My Business

I run a small restaurant where I serve people who surround my hotel. I sell popular food at an affordable price. I also sell packaged food in take-away form (where a food is packaged and the clients eats outside the hotel as shown on my profile photo). I manage to keep the price to the minimum by reducing the overheads and doing most of the chores by myself. I also try to source the food directly from the farmers so as to cut off the middlemen.

This business is quite profitable and I have earned a large group of loyal customers who came for their meals at my place. I also do outside catering on request and this is doing quite well too. I make a about $15 per day and half of that is my profit. I use this money to supplement my husband’s effort of providing for our family.

Loan Proposal

As stated earlier, my business has grown tremendously. This growth has come with some challenges since I cannot accommodate all clients in my tiny eatery joint. I am losing business due to this set-back and I now want to spend this money to move to a more spacious joint.

I will spend about $250 to pay for lent and lease agreement and use the balance to paint and brand the new place. Thank you so much and I hope to get funded once more.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$360.00

Date disbursed

Jan 27, 2016

Repayment status

Late

Projected term

17 months

Lenders

melissapmeier

United States

S

Sven

Netherlands

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