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Peter

Mtwapa, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Peter

Member since

March 2013

On-time repayments

91 installments • 78%

About Me

My name is Peter Ktana Chinando, a resident of Mtwapa and a businessman as well. Am 28 years old, married and blessed with four children, three boys and a girl. The first is in Class three the second is in class one the third is in KG2 and the last is still breast feeding. I went up secondary scholl level. After school i went to a driving school and obtained a driving license. I decided to venture into business mainly because i wanted to fgree myself and my family from poverty. With what i get from the business i buy food for my family, buy clothes, pay for school fees and other family needs. I love my chldren and i would work hard to make sure that i provide for every neccesity they require.

My Business

My business is capentry, i have a workshop just within my home yard. This is a good business and profitable but one has to be very keen. In m,y workshop i sell goods like beds, tables,windows and other different wood work products. The challenge with this business is having enough money to bring enough timber, which is the biggest challenge. I get the timber from places like Tanzania, which is very far and needs good money.This business is very good though, and very profitable, depending with the designs you make.Demand is high because i design good and latest designs which makes my customers like my work more. Risks in this business includes theft, or too much rainfall, which destroys the timber if left in the rains for a long time.My monthly income in this business ranges between Kshs.50,000 to Kshs.30,000 With this amount i remain with around Ksh.20,000 to Kshs.15,000 per month which am confident to repay the loan when granted.

Loan Proposal

Hello my dear lenders, am so happy for this chance of applying yet another loan with you. I consider this as a very special opportunity to me as i will be very much sure to do more business especially this festive season. With my last loan i was very happy add more stock of firewood and this enabled me pay much earlier as i had good returns with my supplies. With this loan i would like to buy more stock of charcoal at a total cost of Kshs.20,000 and the other Kshs, 5,000 will be for transport. Thank you so much for this opportunity may God bless you all.