Butter nuts

Peter

Nairobi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Peter

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

Thank you very much for giving me another chance to apply for the new loan.
This time i intend to hire a much bigger land to extend the melon farming and
at the same time plant butter nuts.
I estimate the cost of the seeds,insecticides.manure ,fertilizers and even cost
of hiring the farm to approximately usd269.whereas the others labour and misclenious to be approx .100 usd.
According to my estimates i expect to make a lumpsum of about 2000usd.