Entrepreneur
Name
Peter Nduati
Member since
September 2013
On-time repayments
290 installments • 80%
About Me
I AM 48YEARS BORN IN GITURU,IN MURANGA COUNTY.I WENT TO SCHOOL AT NGURWEINI PRY SCH THEN BARTOLIMO BOYS IN BARINGO WHERE I DID MY O LEVEL.GOT MY FIRST JOB IN 1987 AS A SALESMAN IN NAIROBI.I AM MARRIED WITH A WIFE AND FOUR CHILDREN ,ONE BOY AND THREE GIRLS. ALL HAVE MANAGED TO REACH FORM FOUR AND TWO OF THEM WORKING IN NAIROBI.
I STARTED THE BUSINESS AFTER GAINING A SALES EXPERIENCE OF OVER 20 YEARS.I HAVE BEEN IMPORTING GENERATOR SPARES AND LATELY VENTURED INTO ELECTRICITY POLES.
I NEED THE FIRST LOAN TO FACILITATE ON FORESTRY MACHINERY AND ACCESSORIES EG.POWER SAW MACHINES,MOTORBIKES FOR SMOOTH OPERATIONS,POLES MEASURING CALIPERS,SAFETY BOOTS AND CLOTHING AND OTHER RELEVANT TOOLS.I AM CURRENTLY EMPLOYED AS A SENIOR POLES GRADER WITH A REPUTABLE FIRM IN NAIROBI.I AM ALSO A TEA FARMER IN CENTRAL PROVINCE AND THEREFORE GUARANTEE REPAYMENT IF OFFERED THE LOAN.
My Business
BEING VERY NEW IN THIS POLES BUSINESS,I MAY NOT BE ABLE TO PREDICT THE TURNOVER,BUT SINCE THE DEMAND OF POWER IS ENORMOUS IN THE COUNTRY AND THE PRODUCTS ARE AVAILABLE I DONT SEE ANY DANGER IN ENGANGING MYSELF INTO IT.THE ONLY RISK TO THIS BUSINESS IS RAIN.DURING THE RAINY SEASONS ,IT BECOMES HARD FOR THE TRUCKS TO PENETRATE TO THE FARMS.
AS DESCRIBED ABOVE,OVER AND ABOVE THE LOAN ,I AM EMPLOYED AND I ALSO EARN FROM TEA .IT MAKES ME REPAY THE LOAN EFFECTFULY.REFERENCE CAN BE SORT FROM MY EMPLOYER (RIDGEPOLE ENTERPRISES LIMITED,P.O BOX 19573-00100 NAIROBI .CONTACT PERSON MR.JOSEPH T. GICHERU PHONE NUMBER 0721493564)ACCORDING TO ME,THE BUSINESS IS VERY PROFITABLE BECAUSE IT DOES NOT INVOLVE MANY RISKS APART FROM RAINS.
Loan Proposal
I intend to buy a motor cycle to use as transporter for passangers.This is
popularly known as BODA BODA. The business is quite healthy and therefore expect
a turnover of ksh. 1500 per day.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$586.96
Date disbursed
Jul 1, 2019
Repayment status
On Time
Projected term
19 months
Cost to entrepreneur
Service fee: $22.79
Credit risk payment:
$91.14
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