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 am planning to use my second loan to top up my stock.With the currrent market demand the loan will assist me to acquire an extra 15trays which will impact positively to my business.This will boost my revenue by about $54 per each cleared stock and profit of $67 per week.It is my hope to grow my limit to enable me expand and finance my business more as it has potential.Thank you
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Jan 14, 2015
Repayment status
On Time
Projected term
6 weeks
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