Eggs wholesale supplier

Peter

Thika, Kenya

100% repaid

Entrepreneur

Name

Peter

Member since

October 2014

On-time repayments

257 installments  •  23%

About Me

I am 26 year old and married man.Is grew up in Nairobi where i undertook my primary school at Thawabu Primary school.Later i moved to Thika and went to Kigumo Bendera high school for my Secondary school.I taught at Kianjau primary to be able to raise my college Tuition fee and i was able to pursue CPA,currently i am pursuing B.com at Mount Kenya university.I started a Eggs trading business at Kilifi with my one years saving at Kilifi.Later in the year 2013 i was able to move to malindi due to demand.This year in December i moved to Mtwapa where the business has run almost a month.Considering mtwapa is 24 hour economy there is quite a bigger market larger than two areas invested.I like traveling,research and playing football.

My Business

My business came up as a result of realizing scarcity in food commodity at Kilifi.After saving $55 a month in the year 2012 from my salary,i started a stall at kilifi with 100 trays of eggs.The business was challenging at fast as i was marketing it to the locals.After a month it started responding well and i hired one lady and the delivery man.From the business savings and salary i was able to open a branch at malindi in the year 2013.The year 2014 December i have a new branch at mtwapa.The cost of per tray is $3.11 and the selling price is $3.44-3.67 depending with the location.My avarage sales is $6889 a month at Kilifi and total costs are $ 6406 per month.Malindi revenue is $4133 and total cost is $3861.Looking at the avarage performance at mtwapa am looking foward at it being the best branch.My income is used to pay my school fees,my wife school fees and re-investment.

Loan Proposal

I wish to spend the 230 dollars to purchase an additional 70trays @ $3 to my branch at Mtwapa.This I will sell at $4 each which will translate to $70 a week.This will boost my the confidence of my customers as I will meet my orders promptly.With the returns of $70 a week I will comfortably meet my installments and expand the stock.Thank you lenders and zidisha fraternity for the support you have given to my business

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$230.00

Date disbursed

Jun 24, 2015

Repayment status

On Time

Projected term

3 months

Lenders

PG

Paul Graham

United States

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