Entrepreneur
Name
Sammy
Member since
June 2014
On-time repayments
160 installments • 63%
About Me
I am Sammy Muthee. Currently I live in Molo town one hour drive from Nakuru town. Previously I lived in Nakuru. Am self emmployed in Kenya. I graduated in 2012 with a degree in Business Administration from Makerere University Business School in Uganda. Did my A level at St. Lawrence schools and colleges still in Uganda.
Did my O level at Kijabe High School in Kenya. My hobbies include swimming and travelling a lot. I have a fitness centre business here at Molo town. I have a total weights of 220kgs and am planning to purchase more 250kgs. My future plan is to open more fitness centers country wide in the major towns. I’ll be able to settle the loan through my salary.
My Business
I plan to purchase 250kgs of weight at a cost of 460 USD. The fitness center is located in town thus making it competitive advantage. It will be first of its kind in this area. Ill organize tournaments as a way of marketing my business.
My business will provide fitness to its best ill employ two workers to help manage the business with me. The business will be profitable since ill be charging per session. Risk to be faced will include wearing off of benches. Enough security.
I expect an income of 400 USD. From this business. Breaking even will take less than three months. Since am already employed ill settle the loan through my salary for the time being as I grow my business.
Loan Proposal
I propose to buy tools for my trade with the money. Ill purchase a pool table, each cost 460 USD. Ill need four pool tables but for beginning ill use one pool table. To pay my rental deposit for the first 2 months upfront. Interior design since i want it to be an entertainment center and also a fridge for cool drinks. Home theater for music to keep customers entertained during the games.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Jul 10, 2014
Repayment status
On Time
Projected term
2 months
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