Peter

Kiptangwanyi, Kenya

23% repaid

Entrepreneur

Name

Peter

Member since

May 2011

On-time repayments

30 installments  •  40%

About Me

i am a kenyan citizen aged 35, married, educated running a cereal store.my business is still located at munanda trading centre.as mentioned earlier i run a food store. my business is doing fine compared to the previous years. having rent a business room at the heart of munanda trading centre my business id booming day in fau out. currently my needs a good amount of money because i am used to broke other business man who operate from the capital city and need to buy farm produce. my family ia doing. my kids attend anestar school(one of the brst schools in kenya) my wife is bizzy attending farm duties.

My Business

my business is loacted at munanda centre, i manage this business with a capital of 250000. my business mailny deals with buying farm yields from farmers i.e maize, beans, peas. this business is mostly busy during the harvesting season, just to give a reflection of last year, i was buying 120 of 90 kgs each bags of maize at 2000 sh per bag. transport the maize with a lorry to nairobi, this usualy cost me 20000. i then sell each bag at 2700.. ie. buying (24000) + transport(20000) =260000. profit= 324000-26000= 29800. after deducting some minor expences i remain with a profit of kshs 20 000, this whole process may take 4days and i mostly happens 4 times a month hences may add up to ksh 80000.
and sell each bag. the harvesting seasons mostly add up to 4 months in a year. challenges in the busuness are the business is seasonal, poor road infrastructure, unreliable markets, change in price leading to loss. i would request zidisha lender, to give me a loan of kshs 80000 to buy a motorbike which will help me access the very remote areas where a lorry cant make, currently i donkeys are the only means of transport in this area. i am planning to buy a motorbike called 'KINGBIRD 150-4" with double shock absorbers hence fit for huge laugages.

Loan Proposal

business mailny deals with buying farm yields from farmers i.e maize, beans, peas. this business is
mostly busy during the harvesting season, just to give a reflection of last year, i was buying 120 of
90 kgs each bags of maize at 2000 sh per bag. transport the maize with a lorry to nairobi, this
usualy cost me 20000. i then sell each bag at 2700.. ie. buying (24000) + transport(20000) =260000.
profit= 324000-26000= 29800. after deducting some minor expences i remain with a profit of kshs
20 000, this whole process may take 4days and i mostly happens 4 times a month hences may add
up to ksh 80000.
and sell each bag. the harvesting seasons mostly add up to 4 months in a year. challenges in the
busuness are the business is seasonal, poor road infrastructure, unreliable markets, change in price
leading to loss. i would request zidisha lender, to give me a loan of kshs 100000 to buy a pickup
which will help me in transportation of my goods to Nairobi (i have already saved enough), currentl i hire a pickup or a lorry. i am planning to buy a pickup 'hilux"(although second hand)
that fit for huge laugages......

Feedback

18

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,216.00

Date disbursed

May 7, 2013

Repayment status

Late

Projected term

11 months

Lenders

J

jeffb

United States

joerg

Berlin, Germany

A

Anninymouse

Southampton, United Kingdom

X

xander

Plainfield, Vermont, United States

Sideburnjack

Conroe, TX, United States

D

Delph007

Den Haag, Netherlands

A

arenk

Karlsruhe, Germany

B

Bizu

Berlin, Germany

TG

The Gwarden

Göteborg, Sweden

C

chkuo

Taipei, Taiwan

cyrus0302

San Francisco, United States

YB Song

Seoul, Republic of Korea

E

erozlum

Istanbul, Turkey

ErikN

Stockholm, Sweden

F

Fiodal

Helsinki, Finland

Raoul72

Naarden, Netherlands

S

sirius

Lauterach, Austria

G

guenter

Bremen, Germany

D

DRSZ73

Portsmouth, United Kingdom

rodcul

Altea, Spain

P

PeaceandLove

Morro Bay, United States

rfcno

New Orleans, United States

H

Halli

Bottrop, Germany

C

Corrino

Sofia, Bulgaria

CharlieBfl

Vaduz, Liechtenstein

J

Jazzie

Oklahoma City, United States

russell

leicester, United Kingdom

J

Jaslogic

Castle Rock, United States

Sundstroms

Falun, Sweden

M

missjoyy

Munich, Germany

C

Czosnek

Toronto, Canada

andreasol

Bielefeld, Germany

J

Jeb33red

Bourne end, United Kingdom

B

bopsquod

Seattle, Wa, United States

Taata

Multia, Finland

Namaste250

Pittsford, United States

N

NicolaG

Mantova, Italy

Ingela

Falun, Sweden

P

Peksa

Espoo, Finland

HMCmicrofinance

Oxford, United Kingdom

N

netsirkd

Highland, United States

bycyt

Whitefish, United States

C

Cliff

Colorado Springs, United States

Stantons

Medford, United States

M

mgnyc

New York, United States

O

ouden

Seattle, United States

Z

Zimaxx

Graz, Austria

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