Entrepreneur
Name
Robert
Member since
August 2015
On-time repayments
251 installments • 43%
About Me
Put simply, a boutique fitness studio is a small gym that offers group exercise focused on one or two types of fitness. High-intensity interval training (HIIT), functional fitness, spinning, or barre are typical staples of the boutique fitness studio. And while traditional health clubs, big-box gyms, and personal training focus on the individual, boutique puts a big emphasis on community and training together.
Boutique studios started to emerge in the late nineties and early 2000s in the form of Barry’s Bootcamp, Crossfit, and Orangetheory. The premise was that they could offer a different fitness experience to the one usually found in the big box titans—like Gold’s Gym and 24 Hour Fitness. Barry’s Bootcamp, for example, is an hour of military-style training set in a nightclub-like surrounding, a world away from the grunt and clank of the weight room floor.
My Business
There a couple of reasons why the boutique approach is winning out over traditional gyms. According to a survey by Les Milles and Nielsen, 63 percent of people attend boutique fitness studios for the community aspect, while 47 percent of people participate because of the atmosphere. These two factors definitely play a large part in its success.
For those hesitant to enter the gym by themselves, the high energy social atmosphere can push a person beyond what they would achieve alone. Add to that the up-tempo music, enthusiastic instructor, and sense of camaraderie, and boutique fitness classes offer a potent mix of fitness and fun.
Another significant factor in its success is the highly specialized and flexible nature of boutiques that appeal to a younger generation of customers. The big box gym model simply doesn’t provide this, with their restricted workout offerings and contract-locked memberships.
Loan Proposal
I will improve my sweet potato farming by increasing the quantity of produce, my previous farming has been successful due to the fact that some of this part experienced massive crop failure due to drought.
The main cash crop here being potatoes and cabbages has seen significant drop of the same due to climatic changes and diseases. its on this account that I tried my hand in sweet potato farming and this has not disappointed me. I was able to expand my market and currently i have major customers from Nairobi city. After analyzing the market, I realized that I must vary the planting season to ensure continuous supply as opposed to relying on supply at certain times. I will subdivide my land into portions and plant at different months so that time of harvesting will not be at once. This will ensure that there is no time I wont be in the market. I plan to use USD 1200 towards the two projects. I will also as mentioned start peas farming since I have seen it to be profitable.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,283.00
Date disbursed
Oct 20, 2017
Repayment status
Late
Projected term
302 months
Other loans
Lenders
Halifax, United Kingdom
Jake Gibson and Beverly Picardo
San Francisco, United States
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