Entrepreneur
Name
Peter
Member since
August 2012
On-time repayments
180 installments • 30%
About Me
I live in Kiptangwanyi shopping center which is approximately 42km from Nakuru town. Nakuru town is our nearest major town within this area. I am married with three children who are all in school. I live in my own plot at the shopping center where I carry out my business. I live in plot number 432 with my family. My business entails the service of welding and car general repair at the shopping center. The business is marketable as there is electricity which I use in most of my operations.
My Business
My business entails the service of welding and car general repair at the shopping center. The business is profitable since the nearest place where people can get these services is Nakuru and therefore it is more cheaper to obtain these services here as compared to traveling to Nakuru town. The main challenges that this business encounters are lack of enough capital to expand the business and fluctuating prices of fuel which adversely affects the the cost of electricity.
Loan Proposal
Dear Lenders,
I would like to use my loan to buy materials and stary making ready made materials such as doors, windows and gates. This loan will be very helpful as many customers have been requesting whether I can be selling ready made items and therefore I woud like to use my loan to do this in my business. I would also like to be doing gas welding as I use electricity and sometimes power shortages are very frequent.
Feedback
Positive
4
Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$500.00
Date disbursed
Sep 6, 2012
Repayment status
On Time
Projected term
12 months
Other loans
Lenders
Southampton, United Kingdom
Luxembourg, Luxembourg
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