James
Nakuru County Nakuru Town, Kenya
100% repaid
Name
James
Member since
September 2013
On-time repayments
127 installments • 56%
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.
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.
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
Positive
3
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$494.00
Date disbursed
May 29, 2014
Repayment status
On Time
Projected term
17 months
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