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
Positive
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Neutral
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Negative
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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
United States
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Summary
Amount repaid
$242.15
Amount remaining
$0.00
Date repaid
Sep 15, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jul 5, 2015 | $17.29 | Jul 5, 2015 | $17.29 |
| Jul 12, 2015 | $17.29 | Jul 5, 2015 | $17.29 |
| Jul 19, 2015 | $17.29 | Jul 5, 2015 | $2.04 |
| Jul 20, 2015 | $15.25 | ||
| Jul 26, 2015 | $17.29 | Jul 20, 2015 | $17.29 |
| Aug 2, 2015 | $17.29 | Jul 20, 2015 | $14.82 |
| Aug 1, 2015 | $2.47 | ||
| Aug 9, 2015 | $17.29 | Aug 14, 2015 | $17.29 |
| Aug 16, 2015 | $17.29 | Aug 14, 2015 | $17.29 |
| Aug 23, 2015 | $17.29 | Aug 14, 2015 | $0.15 |
| Aug 31, 2015 | $17.15 | ||
| Aug 30, 2015 | $17.29 | Aug 31, 2015 | $17.29 |
| Sep 6, 2015 | $17.29 | Aug 31, 2015 | $17.29 |
| Sep 13, 2015 | $17.29 | Aug 31, 2015 | $0.37 |
| Sep 7, 2015 | $16.93 | ||
| Sep 20, 2015 | $17.29 | Sep 7, 2015 | $17.29 |
| Sep 27, 2015 | $17.29 | Sep 15, 2015 | $17.29 |
| Oct 4, 2015 | $17.32 | Sep 15, 2015 | $17.32 |
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