Renovating apartment for AirBnB rental
Reginah Mumbi
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Reginah Mumbi
Member since
June 2013
On-time repayments
412 installments • 62%
About Me
am from a family of 8 and am the sixth born,i currently work part time in a ground handling company i started farming in a one acre piece of land the business has been coming up because Kenyans and the people of kambiti(Kirinyaga) where the farm is located appreciate healthy eating.the demand for the for the water melon has been increasing day by day.my business plan is to hire extra acres of land for my use and buy the right equipment for my business.my plan is to reduce the running cost of the business by buying my own water pump to get the water from masinga dam,i also plan to buy more pipes to reduce the amount of money used to hire equipments.i satrted the business after 3 years of working and the money i was earning i could only pay my house rent and buy me food and i wanted more financial freedom.the earnings from my business are used to pay college fees and the bus fare to and from college
My Business
my current business is airbnb business,when covid came and most companies wanted to achieve social distancing we have seen a rise and demand in airbnb business leading to business being.but since the current clients are corporate we have seen a demand in luxury apartments and people wanting more comfort in the apartments.i currently operate two 3 bedroomed apartments in a nice gated community and in the process of starting a third one.business has been progressing well with us getting 85% occupancy rate.per month we make an average 70,000ksh to 90,000ksh before we remove the expenses.after we deduct all expenses we remain with around 45,000ksh.
Loan Proposal
hallo lenders,let me start by saying thank you for the continued support to my project.currently am in home rentals business am listed on www.airbnb.com www.rentals.tripadvisor.com under ther name "ginas haven near airport".the business has been giving me between 450usd on a bad month to 600usd on a good month.i have been using the money for continued improvement of the apartment.to make it 5 star.am kindly requesting for the money so that i can furnish the extra room in my home and purchase a washing machine.most long term clients have been requesting for a machine to do the washing..i want to use the cash to purchase and modernize the apartment so that it can be given a 5 star classification on all the sites.it will really improve my business.kindly check the photos of the apartment on my "post comment"
the business has potential and it can repay itself very well.combined with my salary and my tuk tuk business i will be able to repay the loan comfortably.
once gain thank you for trusting in me
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Loan Info
Project Type
Classic Loan
Disbursed amount
$957.00
Date disbursed
May 9, 2017
Repayment status
On Time
Projected term
48 months
Lenders
Orlando, Florida, United States
Østre Gausdal, Norway
Haddon Heights, United States
Austin, United States
[email protected], United States
United States
United States
United States
Switzerland
United States
CORVALLIS, United States
United States
United Kingdom
United States
United States
United States
United States
Sweden
United States
United States
United States
United States
Milwaukee, Wisconsin, United States
Norway
Sweden
Oshawa, Canada
United States
United States
Uruguay
United States
United States
Sweden
Hong Kong
United States
United Kingdom
United States
United States
United States
United States
United States
Franklin, TN, United States
Portugal
United States
Belgium
Germany
Jake Gibson and Beverly Picardo
San Francisco, United States
Germany
United States
Canada
Switzerland
Australia
United Kingdom
France
Netherlands
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guenter Apr 22, 2017
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