Inventory of stock and renovation of restaurant
Humphrey
Nairobi-uthiru, Kenya
100% repaid
Entrepreneur
Name
Humphrey
Member since
February 2015
On-time repayments
237 installments • 43%
About Me
I am Humphrey Sasia, born in 1984. I am married and blessed with two kids. I live in Kenya, Nairobi City, Uthiru- Gichagi village. I schooled at Evojo primary and Aiam Secondary schools in respectively. I did a diploma in Business management at the Kenya Institute of Management (KIM). Perseverance, endurance and hard work is and remain to be the only key to my success in life. After completion of my diploma education, i got 100 US dollars from my uncle which i used to invest in the restaurant business. This was indeed a great success. I rented a and refurbished a small structure from thee near by uthiru market from where i started my small business. The main uniqueness in this area is that getting a good space to start a business and /or getting a good structure that fits in the public health specifications is hard. There are plenty of opportunities, however and who ever has an interest in them and with enough financial assistance one can easily succeed. My two children wish to become a doctor and a teacher. My hobby is reading novels and preparing recipes.
My Business
My business for a hotel/ restaurant. I prepare food staffs and beverages for human consumption and sell them to city residents . These products are of high demand due to mushrooming because of the high growing population in the in the city. Also, most of the motorists around believe in spicing their meals in the same area. The main reason why i chose this venture is because of these ready market and access to customers. The main costs incurred are in relation to the purchase of my stock and operational cost for the following day. Most of my revenue and income/ profits come from the sale of ready made food staffs and beverages . The main use of my profit is in improving my business and educating my kids as well as meeting my domestic expenses where necessary.
Loan Proposal
Incase i get this amount of money i will utilize the amount as follows:-
22.5 US dollars will be of inventory of stock in my area of work. that's food in bulky for my customers.
10.8 US dollars will be used to buy some new plates and cups .
20.5 US dollars will be used to by a new plastic tank for the supply of water in the restaurant.
22.5 US dollars will be used to renovate some worn-out parts of the hotel that need renovation .
i will be of benefit to stretch my desire to improve business
i will also give back to the society and communicate the good of your existence hence a societal benefit.i expect my profit margin to be between 11.8 US dollars to 55.5 us dollars weekly.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Mar 30, 2015
Repayment status
On Time
Projected term
18 months
Other loans
Lenders
United States
United States
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