Bingo Simba Mawila would like to obtain a loan in order to buy a property bordering the B one lodge. The property is to serve as an extention to the current lodge in order to create more rooms to let. This will signifiantly increase his revenue and enable him to grow the business.
B One Lodge is one out of five lodges owned by Bingo Simba Magwila in Dar es Salam and Morogoro. The five lodges combined employs 60 people and Mr. Magvilla plans to expand the business even further by starting up more lodges in the future in order to capitalize on the growth in the hospitality and tourism sectors in Tanzania.
Bid Amount: 5.00
Interest Rate: 13.00 %
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