Eggs wholesalers

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 am planning to use the loan to fund Public health certificate $27 and council permit $35.This will enable me to operate without interruption hence reap maximum profits in the new branch.Am looking foward to expansion to all Kenya towns with the help of investors like you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Dec 26, 2014

Repayment status

On Time

Projected term

3 weeks

Lenders

T

tmarkus

Netherlands

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