Buy three bags of sugar for my shop

Peter Thuo

Miti Mingi, Kenya

6% repaid

Entrepreneur

Name

Peter Thuo

Member since

August 2014

On-time repayments

56 installments  •  57%

About Me

I am a married man who aspires to be a successful business man. Luckily, I am already in business, I have a retail shop where I buy large amounts of basic household goods and repackage them to sell at a profit. I have successfully completed secondary school education after which I started working with my uncle in Kitale town. From my uncle, I have gained so much experience in business and that is why i relocated to Miti Mingi to Start my own small shop which has grown to a large shop. I love watching movies and visiting places during my free time.

My Business

My shop is popularly known as Thuo's Shop in Miti Mingi. It involves selling basic household items such as foodstuffs (rice, maize floor, sugar, salt etc) and other consumables and non-consumables like umbrellas. In a typical month, I am able to calculat a profit of Kshs. 30000 gross and daily sales of more than 12000. this means that my shop is sustainable and if I can manage and grow a shop, I can also handle loans. I am greatly inspired by my friends who have businesses and seeing them struggle incessantly makes me keep going. I want to make my shop a wholesale in future because Miti Mingi is rapidly growing both as business and trading centre.

Loan Proposal

i wish to purchase three bags of sugar for my shop.one bag of sugar costs 45 us dollars.therefore 3 bags will cost me 135 us dollars.from these sale of sugar ,i am sure i will earn a profit of 30 us dollars per week. with such income i will comfortably pay 11 us dollars per week to zidisha.

Feedback

3

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Loan Info

Project Type

Classic Loan

Disbursed amount

$131.37

Date disbursed

Nov 17, 2015

Repayment status

Late

Projected term

3 months

Cost to entrepreneur

Service fee: $5.46

Peter opted to pay $97.84 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

A

andyfletcher

I want my "My loans" page back, Qatar

B

blahblah

Nuernberg, Germany

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

dlpringle

Denver, United States

B

bugdaniel

Switzerland

mepster

San Francisco, Ca, United States

Haim Si

Mexico, Mexico

wissam

Jeddah, Saudi Arabia

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