Entrepreneur
Name
Peris Wanjiku
Member since
June 2014
On-time repayments
290 installments • 90%
About Me
My name is Peris Wanjiku Mburu, a last born in a family of 5. I am married to Zack Mengo 2 years ago. I was born in Central region of Kenya where I went to school for my primary and secondary education. I later enrolled for a computer course where I learned standard computer packages.
I was later employed in a music shop in Mombasa town where I was an attendant selling music in form of audio cassettes, cds and dvds. Through savings and hard work, I managed to open my own music shop last year. The business is quite profitable since I use the experience that I gained from my previous job to run it. I am also well connected in the field of music and this makes it rather easy for me to run the business.
My Business
About a year ago, and with credit from Zidisha, I changed my business from music production to farming. This change was informed by the stiff competition in the music industry which made it difficult to make a reasonable income.
This drastic change has paid off and I am now a supplier of pig products in my town. I am currently keeping 48 pigs which I sell to meat processors after every six months. My average net income per month is USD 400 and the business is growing fast and I hope to increase this income in the coming months.
Loan Proposal
I will put all this money in expanding my new poultry project. I am currently having 48 pigs but the demand is much higher that this. For this reason, I want to double the number to about 100 pigs . I will spend USD 1200 to acquire 50 piglets, USD 500 to build a modern pigsty. The remaining amount (USD 550)will be used to buy pig feed.
I hope to double my income within the next seven months due to this expansion. I will use the income to grow my business even further since I desire to be a leading pig farmer in my area. This is possible with your valuable support.
Thank you.
Feedback
Positive
14
Neutral
None
Negative
1
Loan Info
Project Type
Classic Loan
Disbursed amount
$2,288.40
Date disbursed
Jun 21, 2017
Repayment status
Late
Projected term
53 months
Cost to entrepreneur
Service fee: $88.63
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Mary Oct 14, 2019
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