Business expansion

Peter

Kasarani, Kenya

100% repaid

Entrepreneur

Name

Peter

Member since

May 2017

On-time repayments

49 installments  •  22%

About Me

i grew from humble background in sipili. went to a normal school where I went all the way to campus and graduated with bachelors of business adminstration. soon after finushing campus I got interested in skating although its not common sports in Kenya. I started from a begginer to a professional skater. later on I joined the national team and was soon the captain. I remained in the national team from 2012-2015. During this time I won several races. I realized how sports took my mind away from bad influence. and made me realize the impact sports has on the society.

My Business

I am employed but my income isn't enough to sustain my young family wife and two kids. it is for this reason I would like to venture into skating as a business. I would love to use my skills to teach many kids how to skate. Training one kid per session which is normally 1-2hrs I will charge them 3$-5$. in a good day I can train up to 20 students.. making 60$-100$. I would normally train them on weekends as I am working during weekdays. kids are also mainly available on weekends due to school.
the main challenge is buying the skates and the protective gears. I.e helmets, knee pads and gloves. This will cost me 30$ for a pair of skates plus protective gears. I would like to start small going up. Starting with 5 kids will be OK.. that will translate to a capital of about 150$.
thank you for choosing to walk with me through this exciting journey.

Loan Proposal

i am planning to start a skating academy. Where i will be teaching kids how to skate. kids are really interested in skating. i will charge them 3$-5$ per session which is about an hour of training. In a good day I can train up to 20 students.. making 60$-100$. I would normally train them on weekends as I am working during weekdays. kids are also mainly available on weekends due to school.
the main challenge is buying the skates and the protective gears. I.e helmets, knee pads and gloves. This will cost me 30$ for a pair of skates plus protective gears. I would like to start small going up. Starting with 5 kids will be OK.. that will translate to a capital of about 150$.
thank you for choosing to walk with me through this exciting journey.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$8.00

Date disbursed

Jul 18, 2017

Repayment status

On Time

Projected term

8 weeks

Lenders

AG

Alexandre Genereux

Gatineau, Canada

PG

Paul Graham

United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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  • Peter    Aug 8, 2022

    This is highly appreciated. It will go along way in helping many kids who normally would not afford a pair of skates. I also intend to cut the charges by half as i no longer see this as a business but life changing activity for the kids it has a positive impact to the society in the long run.

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  • Ivanof    Jul 2, 2022

    I appreciate your help for the youth generation.
    Good job!

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  • We Not Me    Jul 1, 2022

    I wish you blessings and prosperity. Good luck teaching the kids to skate!

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  • Peter    Oct 14, 2019

    i am making great progress in my skating business. Thank you so much.

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  • John    Jul 30, 2018

    I had spoken to him and promised to start paying his loan. Thanks

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  • John    Jul 30, 2018

    I had spoken to him and promise to repay
    Thanks

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  • Peter    Jul 7, 2018

    I am in financial crisis.

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  • Peter    Mar 6, 2018

    got some financial crisis at the moment

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  • Joe Menke    Jan 10, 2018

    Good Luck!

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  • Peter    Dec 29, 2017

    Thank you. I have expanded my business. There is room for more growth.

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  • Peter    Nov 10, 2017

    I have financial crisis at the moment. Please bear with me.

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  • Peter    Sep 24, 2017

    Thank you so much for the loan. I am going to buy more rollerskate for my skating academy. I can now have more kids join my club.

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  • Peter    Sep 24, 2017

    Thank you for your support. I have increased my stock and my business has started picking

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  • Peter    May 14, 2017

    I am so grateful to the lender for granting me a loan. I have increased my stock and am headed in the right way. Once again thank you so much.

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  • Peter    May 14, 2017

    I increase my stock

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