Name
Peter
Member since
September 2013
On-time repayments
290 installments • 80%
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.
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.
My new loan will be used to buy a cow to add up to the existing two.
With the three cows,i expect to make profits of usd 80 a month.
The increment in production will also enable me cater for other expenses like college fees for my daughter. The estimated price for a mature cow is 300usd .If the loan is approved i wiill add up with my savings and buy the cow immediately.
Besides i will secure a good amount of manure for crop farming .e.g maize,beans, cabbages and carrotsThis is a great benefit to my family as food will be plenty and supplus to be sold to other needy people.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$149.00
Date disbursed
Feb 1, 2017
Repayment status
On Time
Projected term
5 months
Other loans
Amount repaid
$149.00
Amount remaining
$0.00
Date repaid
Jul 27, 2017
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Feb 12, 2017 | $5.04 | Feb 11, 2017 | $5.04 |
Feb 19, 2017 | $5.04 | Feb 11, 2017 | $5.04 |
Feb 26, 2017 | $5.04 | Feb 25, 2017 | $5.04 |
Mar 5, 2017 | $5.04 | Mar 4, 2017 | $5.04 |
Mar 12, 2017 | $5.04 | Mar 13, 2017 | $5.04 |
Mar 19, 2017 | $5.04 | Mar 13, 2017 | $5.04 |
Mar 26, 2017 | $5.04 | Mar 26, 2017 | $5.04 |
Apr 2, 2017 | $5.04 | Mar 31, 2017 | $5.04 |
Apr 9, 2017 | $5.04 | Apr 8, 2017 | $5.04 |
Apr 16, 2017 | $5.04 | Apr 15, 2017 | $5.04 |
Apr 23, 2017 | $5.04 | Apr 22, 2017 | $5.04 |
Apr 30, 2017 | $5.04 | Apr 30, 2017 | $5.04 |
May 7, 2017 | $5.04 | May 6, 2017 | $5.04 |
May 14, 2017 | $5.04 | May 15, 2017 | $5.04 |
May 21, 2017 | $5.04 | May 18, 2017 | $5.04 |
May 28, 2017 | $5.04 | May 31, 2017 | $5.04 |
Jun 4, 2017 | $5.04 | May 31, 2017 | $5.04 |
Jun 11, 2017 | $5.04 | Jun 17, 2017 | $5.04 |
Jun 18, 2017 | $5.04 | Jun 17, 2017 | $5.04 |
Jun 25, 2017 | $5.04 | Jun 23, 2017 | $5.04 |
Jul 2, 2017 | $5.04 | Jul 5, 2017 | $5.04 |
Jul 9, 2017 | $5.04 | Jul 5, 2017 | $5.04 |
Jul 16, 2017 | $5.04 | Jul 9, 2017 | $5.04 |
Jul 23, 2017 | $5.04 | Jul 23, 2017 | $5.04 |
Jul 30, 2017 | $28.12 | Jul 27, 2017 | $26.11 |
Jul 27, 2017 | $2.01 |
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