Entrepreneur
Name
Peter
Member since
November 2016
On-time repayments
24 installments • 75%
About Me
i was born i kisii county in a family of 6 children and am the second born.i went to kiss high school and later joined technical university of kenya in Nairobi where i did business administration but unfortunately i could not complete due to lack of school fees which made me to seek for an alternative way to survive. i was employed in a supermarket as a customer attendant where i worked for 3 three years and made some saving with an intention to start my own business.i opened a small shop where i sold furniture materials for carpenters and i have been blessed since it has really grown beyond my expectations.since Nairobi has a high population most people are very hardworking social and religious.am married and blessed with two daughters who are twins both school and in they will be joining class one next year.i like traveling,swimming and reading novels.
My Business
i own my business which i sell furniture materials for carpenters like cushions,velvet,nails,sponges,paint and glue at affordable price.i chose this business due to its high demand and the high population in my area that facilitates the high demand for home furniture thus the good profit return.i spend $100 weekly to buy new goods in my shop which gives me back a profit of over 40% that i use to pay rent,school fees,bills,home improvement and growing my business.
Loan Proposal
my loan will be used to buy velvet materials for making sofa sets worthy $20,
i will buy more cushions worthy $10,
i will buy timber for making table worthy $15,
i will also buy tads worthy $5, and from this i will be able to meet the the current orders i have fro my customers and make an increased profit that will make my business to expand and attract more customers.also i will be able to pay school fees for my children,pay rents and bills as i will earn more profit.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$48.00
Date disbursed
Apr 11, 2017
Repayment status
Late
Projected term
6 weeks
Other loans
Lenders
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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