Tent and seats for event organizing service

Linet

Umoja 1 Innercore, Kenya

100% repaid

Entrepreneur

Name

Linet

Member since

August 2014

On-time repayments

40 installments  •  73%

About Me

I was born and bread in the the capital city of Kenya, Nairobi. I am currently married with two beautiful daughters 20years and thirteen year old. Due to the passion for organizing cook outs and entertaining friends and relatives as one of my hobbies, I decided to seriously take up event organizing. Soon I started receiving requests from friends and relatives to organize functions. I bought 100 plastic seats and bought 2 tents for 100 and 50 seater capacity for hire. We have since been organizing weddings and corporate functions. I would like the business to grow since bigger functions will requires for items for an efficient function. I am glad that I am also getting more help from the family members, especially my daughter who cleared high school last year is very keen on the job and I would like her to take over one day as a source of income.

My Business

My main goal is to be self reliant in future to minimize the cost of hiring. If I get the loan I will continue to purchase items that we use in the event industry such as video camera, more seats, fabrics for decoration get new tents and catering appliances. This will cost me at least Kenya Shillings 500,000 or more in total. I am grateful to zidisha for the past loans that enabled me to buy two big cooking pots and 10 more seats. With my last loan I added 2rolls of fabrics that are used for decoration. I would like to increase my stock continuously. Since the event industry is quiet dynamic it is important to keep up with the current requirement. This is why I will always be buying current tents since or are now old and outdated.
I am currently operating from the house it becomes very uncomfortable for both parties. clients must come home and view the items they are hiring. We also spend so much money on hiring of transport I would like to minimize on cost one of this fine days.
I have already identified commercial places that can serve as both a storage facility and offices to give me a more professional outfit. I always engage youth in the are from manuals jobs and if we are able to expand I will give opportunities to a few youth on a permanent basis . For now I will engage and work with my daughter who cleared high school and the rest of the family members.

Loan Proposal

Plastic seats are very delicate and they keep breaking, i currently have 105 plastic seats, So I will continually add plastic seats to a total of 100 seats or more @ Kshs 500, Buy a large burner @ 7,000/=, replace 100 seater tent @ 100,000/=, 50 seater tent@kshs 50,000/= Eventually get commercial place as opposed to now working from the house

I plan to accomplish all these in phases in partnership with Zidisha

Feedback

3

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Loan Info

Project Type

Classic Loan

Disbursed amount

$98.00

Date disbursed

Apr 17, 2015

Repayment status

On Time

Projected term

7 weeks

Lenders

K

KiraDee

United States

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Summary

Amount repaid

$102.67

Amount remaining

$0.00

Date repaid

Jun 7, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Apr 26, 2015 $17.17 May 3, 2015 $17.17
May 3, 2015 $17.17 May 9, 2015 $17.17
May 10, 2015 $0.00
May 17, 2015 $0.00
May 24, 2015 $0.00
May 31, 2015 $33.33 May 31, 2015 $33.33
Jun 7, 2015 $35.00 Jun 7, 2015 $35.00

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