Stock of rice, beans and millet for my shop

Peter Owuor

Nairobi, Kenya

32% repaid

Entrepreneur

Name

Peter Owuor

Member since

May 2014

On-time repayments

36 installments  •  58%

About Me

I am Peter Owuor, Kenyan citizen with a Diploma in Sales and Marketing . I am the fourth born in a family of eight siblings. I live in Komarock estate in Nairobi and I started this business to enable myself to take care of myself, my family and my siblings. I have managed to purchase a motorbike to help me with transportation of this cereal from where I make the purchase and also assist me in delivery to customers according to their wishes in order to sustain them, besides that I have also purchased some households. My hobby is watching football.

My Business

I will pay back this loan with interest made from my business. I will be selling maize and beans to my customers and I expect to make a profit of around USD48 per month with the loan. There is high demand for my goods because my price is very affordable. My customers prefer my business compared to my competitors because I usually cooperate well with them and they also like my service delivery since I offer them door delivery to my customers who have made purchase of 20kg and above. My business is profitable because I have many customers and my business is also a basic need that human being cannot easily do without. My business faces a risk of insecurity and I have overcome this by employing a security guard. My monthly cost is USD705 and my sales is USD908.

Loan Proposal

Dear Lenders,
I want to take this opportunity to thank all lenders who had supported me in my previous loan application. The loan really helped me a lot in improving my business as well as the status of my family.
Now I want to apply for a second loan and am really pleading with the lenders to come into my aid.
I will use this loan to purchase rice, beans and millet to boost my cereal business. This loan will enable to purchase three bags of rice of 300kgs, five bags of beans of 450kgs and four bags of millet of 400kgs which will cost USD 700.These twelve bags will benefit me with a profit of USD80 per month. Am requesting lenders to help me raise USD 304 to add on top of the profit I had made before. Thanking you in advance

Show original English  

About Me

Am Peter Owuor, Kenyan Citizen with a Diploma in Sales and Marketing . Am the fourth born in a family of eight siblings. I live in Komarock estate in Nairobi,I started this business to enable take care of myself,my Family and my siblings.have manage to purchase a motorbike to help me with transportation of this cereals from where I make the purchase and also assist me in delivery to customers according to their wishes in-order to sustain them,besides that have also purchase some households.My hobby is watching football.

My Business

I will pay back this loan with interest made from my business.I will be selling maize and beans to my customers I expect to make a profit of around USD55 per month with the loan.There is demand for my good because my price is very affordable to my customers.My customers prefer my business compared to my competitors because I usually operate well with them and they also like my service delivery since I offer them door delivery to my customers who have made purchase of 20kg and a above.My business is profitable because I have many customers and my business is also basic need that human being cannot easily do without.My business faces a risk of insecurity and I have mitigate this by employing a security guard.My monthly cost is USD705 and my sales has increased to 908USD.

Loan Proposal

Dear Lenders,
I want to take this opportunity to thank all lenders who had supported me in my previous loan application. The loan really helped me a lot in improving my business as well as the status of my family.
Now I want to apply for a second loan and am really pleading with the lenders to come into my aid.
I will use this loan to purchase rice, beans and millet to boost my cereal business. This loan will enable to purchase three bags of rice of 300kgs, five bags of beans of 450kgs and four bags of millet of 400kgs which will cost USD 700.These twelve bags will benefit me with a profit of USD80 per month. Am requesting lenders to help me raise USD 304 to add on top of the profit I had made before. Thanking you in advance

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$294.51

Date disbursed

Nov 10, 2014

Repayment status

Late

Projected term

5 months

Cost to entrepreneur

Lender interest: $294.51 at 4.15% annual rate over 5 months = $5.37

Service fee: $4.73

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