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
Positive
18
Neutral
None
Negative
3
Loan Info
Project Type
Classic Loan
Disbursed amount
$1,216.00
Date disbursed
May 7, 2013
Repayment status
Late
Projected term
11 months
Other loans
Lenders
Southampton, United Kingdom
Göteborg, Sweden
Morro Bay, United States
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