Peter

Ruguru, Kenya

33% repaid

Entrepreneur

Name

Peter

Member since

October 2012

On-time repayments

14 installments  •  21%

About Me

My name is Peter Gicheru Mang’are. I come from Ruguru, Nakuru County where I reside. Ruguru is approximately 1o Km from Nakuru Town on your way to Nyahururu where you aright at Maili Saba and take a murram road towards St, John Primary School then Karunga trading centre then Ruguru. You ask for Kwa Mang’ae home. I am married and a father of 2 children.

My Business

I do horticulture farming whereby I plant tomatoes, cabbage, beans and carrots where I get about Kshs. 150,000 per year. I am also wheat farmer where I plant wheat and latter sell it in wheat I make a profit t of Kshs. 80,000 per harvest. I also have one cow which gives me about Kshs. 8000 per month. In total I get about Kshs. 300,000 per year.

Loan Proposal

i will use the loan to increase the number of cows to two and also improve the feeds i give them.this will help increase my milk yields as the cost of milk increases thus enable me provide for the market which is ready. part of the loan will also be used to improve my farming techniques and increase my yields.i will also use it to transport my wheat to areas where i can sell at high prices.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$500.00

Date disbursed

Oct 16, 2012

Repayment status

Late

Projected term

15 months

Lenders

investor

Candiac, Canada

T

ToddK

Indianapolis, IN, USA, United States

beverly

Vancouver, Canada

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  • roberta.zenere    Sep 16, 2013

    Dear Lenders,

    my name is Roberta Zenere and I am a Kenya Country Liaison Intern at Zidisha.
    Mr Mangae had some difficulties with his loan repayment in the past month due to the death of one of his cow. In addition, a client failed to pay him on time and this has added further financial constraints in his business. Despite this struggling, he is very committed in paying back his loan as you can see from the partial payments that he is consistently sending.

    We are now cooperating with Mr Mangae's Volunteer Mentor, Sammy Njuguna, to assist him in devising a new repayment plan and reschedule his loan so that he may catch-up with his arrears.

    Mr Mangae, wish you all the best with your farming.

    Lenders, if you have any questions, please feel free to contact us. You may also directly interact with Mr Mangae's Volunteer Mentor by posting a comment in his loan profile as indicated in the link above.

    Thanks for your understanding and support.

    Best regards,

    Roberta
    Zidisha Team

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  • Peter    Feb 5, 2013

    my cow is yet to give birth and the other one has been sick for some time now. this means that i can't get the required amount of milk thus the money obtained is not enough. this has prompted me to ask you to help me by rescheduling my loan. i hope to have the money by april when my cow will be due.
    thanks a lot as you consider helping me.

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    • beverly    Feb 12, 2013

      Hi Peter,

      Glad you were able to reschedule your loan. Hopefully your cow gets better soon! :)

      Take care,
      Beverly

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  • Peter    Oct 26, 2012

    Since i received the money, i would like to inform you that i bought one milk cow worth Kshs. 37,000. i am gratefully for the money lend and God Bless you all.

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  • Peter    Oct 17, 2012

    i am gratefully for the money lend. i will use it well for my business and would like others to invest in the same

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  • Eliud    Oct 16, 2012

    God bless you with more cows.

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