Entrepreneur
Name
Peter
Member since
September 2017
On-time repayments
33 installments • 82%
About Me
Am Peter Ogutu,born in march 1987 in BUGENGI In Esiresia.Am the 7th born in a family of 8 siblings.I Schooled at Esirisia primary school,then later on joined Esirisia secondary of which i did my final exams at KCSE LEVEL.Fourth form.A long the way my dad died while in form two and things havent been easy interms of school fees payment.This prompt me to fend for my family as well as to pay for my fee.I one day thought for some business idea to help me out of the predicament i was.With only US$.20.I started a small kiosk dealing on household items and a beat of confections for event of which according to the neighbourhood would pick up well because of the surrounding culture.I love playing football,singing off from my regular work and this keeps me fit in mind to juggle between life.
My Business
Am specialising in making small size cakes for weeding events alongside the kiosk i own in the village.The business has been growing progresively and the demand for my product have grown fourthfol despite financial hitches.Due to the surrounding population and the native culture,they like to mark occassions very much of which they have marked my business to be the soul provider for their need and items for the ceremonies.
Over given time ,I have been keen on my records and can quote here that my stock worth base has since progress to US$.13 As at now and my cost is US$.80. This leaves me with a profit of approximately US$.60 of which i make in booming seasons on average .
From this business,i have been able to fend for the family even take my children to school with ease.Am thinking of making my business expand to a mini outlet in my region .i can say authoritatively that the sky is the limit.
Loan Proposal
NEED TO EXPAND MY BUSINESS TO MEET THE DEMAND OF MY REGULAR CUSTOMERS.MY BUSINESS IS WORTH $60 AND CAN GIVE A PROFIT WORTH OF $40 EVERY 2 WEEKS.THE COST OF RUNNING THE BUSINESS IS $20.TOWARDS THE END OF THE YEAR,I EXPEXT ALOT
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Loan Info
Project Type
Classic Loan
Disbursed amount
$54.00
Date disbursed
Dec 15, 2017
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
Chicago, United States
United Kingdom
Germany
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