Eggs wholesalers

Peter

Thika, Kenya

100% repaid

Entrepreneur

Name

Peter

Member since

October 2014

On-time repayments

257 installments  •  23%

About Me

I am 26 year old and married man.Is grew up in Nairobi where i undertook my primary school at Thawabu Primary school.Later i moved to Thika and went to Kigumo Bendera high school for my Secondary school.I taught at Kianjau primary to be able to raise my college Tuition fee and i was able to pursue CPA,currently i am pursuing B.com at Mount Kenya university.I started a Eggs trading business at Kilifi with my one years saving at Kilifi.Later in the year 2013 i was able to move to malindi due to demand.This year in December i moved to Mtwapa where the business has run almost a month.Considering mtwapa is 24 hour economy there is quite a bigger market larger than two areas invested.I like traveling,research and playing football.

My Business

My business came up as a result of realizing scarcity in food commodity at Kilifi.After saving $55 a month in the year 2012 from my salary,i started a stall at kilifi with 100 trays of eggs.The business was challenging at fast as i was marketing it to the locals.After a month it started responding well and i hired one lady and the delivery man.From the business savings and salary i was able to open a branch at malindi in the year 2013.The year 2014 December i have a new branch at mtwapa.The cost of per tray is $3.11 and the selling price is $3.44-3.67 depending with the location.My avarage sales is $6889 a month at Kilifi and total costs are $ 6406 per month.Malindi revenue is $4133 and total cost is $3861.Looking at the avarage performance at mtwapa am looking foward at it being the best branch.My income is used to pay my school fees,my wife school fees and re-investment.

Loan Proposal

I am planning to use my second loan to top up my stock.With the currrent market demand the loan will assist me to acquire an extra 15trays which will impact positively to my business.This will boost my revenue by about $54 per each cleared stock and profit of $67 per week.It is my hope to grow my limit to enable me expand and finance my business more as it has potential.Thank you

Feedback

4

None

None



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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Jan 14, 2015

Repayment status

On Time

Projected term

6 weeks

Lenders

T

tmarkus

Netherlands

C

cnr

United States

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  • Peter    Mar 8, 2019

    Low sales

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  • Peter    Mar 2, 2017

    My business has not recovered sales are currently very low to support operations cost.I am negotiating credit supplies to improve its state.Then i will improve my repayments,

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  • Peter    Jul 7, 2016

    My business is currently not performing part of my stock got spoiled and am currently struggling

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  • Peter    May 3, 2016

    I am planning to use the loan to buy the 2nd motorbike.This will highly facilitated my distribution. It will cost me $1000 to buy a new motorbike whereby $500 dollars I will top up from my profits. This will improve my sales and profit by about $50 dollars a week due to access to a large area. Thank you for you continued support

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  • Peter    Apr 19, 2016

    I was able to buy a 2nd hand motorbike which has highly facilitated my transportation of eggs to customers

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  • Peter    Mar 31, 2016

    Low business

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  • Peter    Mar 30, 2016

    Dear Zidisha

    The last loan dispatched was sh.31,449 after deducting Zidisha loan members fund.All my upto date installments have been submitted as stated by the schedule sent by the email [email protected]. Your assistance will highly be appreciated

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  • Peter    Mar 30, 2016

    Dear Zidisha
    The loan being displayed on my page I cleared it in the month of December as stated in my earlier emails.My installments are up to date for my current loan kindly review my page

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  • Esther    Feb 29, 2016

    Dear Peter
    I wanted to adjust my installment to sh.5000 Unfortunately it has reflected whole balance kindly assist.

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  • Peter    Feb 29, 2016

    Business performance has increased

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  • Peter    Jan 5, 2016

    The business is currently at low season I will resume the repayment when season changes

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  • Peter    Dec 31, 2015

    Dear Esther.

    Kindly make your first installment, after it reflects click on the icon under your name and select adjust installment. After that you can adjust your installment upwards or downward.Give a reason why you are doing it review and publish.Your adjustment will be made.Thanks for consulting.have a happy new year.

    Regards
    Peter

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  • Peter    Dec 31, 2015

    Dear Esther.

    Kindly make your first installment, after it reflects click on the icon under your name and select adjust installment. After that you can adjust your installment upwards or downward.Give a reason why you are doing it review and publish.Your adjustment will be made.Thanks for consulting.have a happy new year.

    Regards
    Peter

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  • Esther    Dec 30, 2015

    Dear peter

    Hope ur ok,Kindly advise me in case I want to increase or reduce my repayment what can I do

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  • Peter    Dec 13, 2015

    Dear lenders
    Thank you lenders funds,I will implement my proposal to ensure I meet my installments and expand my business. Thank you

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  • Peter    Dec 13, 2015

    Dear lenders
    Thank you lenders funds,I will implement my proposal to ensure I meet my installments and expand my business. Thank you

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  • Peter    Dec 8, 2015

    Dear Lenders
    Thank you for your continued support on my previous loans.My current loan will enable me cut distribution cost and expand the market as stated on my loan request. I will appreciate if you fund my loan.

    Thank you

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  • Elizabeth    Nov 29, 2015

    Thank you peter I was able to adjustment as you requested. Now am able to meet them comfortably and on time

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  • Peter    Nov 29, 2015

    Dear lenders

    The last loan was a success and I have managed to expand my stock as well as remit my payments on time.I have orders as far as Kikambala now.

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  • Peter    Nov 26, 2015

    Dear lenders

    Thank you for your continued support my business is becoming profitable even more.Thanks to you and Zidisha team for your support

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