Name
Peter
Member since
August 2011
On-time repayments
36 installments • 17%
I am 31yrs old, married with three children who are schooling. I live in Kiptangwanyi shopping centre in Nakuru county. i engage in the business of selling cereals in kiptangwanyi centre. I started the business in 2003 to support my family since formal employment was difficult to get in this country. This is where I rely 100% to earn a living for my family.
My business entails selling cereals such as maize, beans, wheat, rice and other dry grains. The business is situated in KIptangwanyi trading centre. The centre is 42km from Nakuru town. Once along the Nakuru-Nairobi highway, branch at pipeline, 9 km from Nakuru along Elementaita road. Once in Elementaita, Kiptangwanyi trading centre is about 11km along Jogoo road. The business is in the middle of the centre since Kiptangwanyi is a small busy shopping centre. It is in Naivasha constituency, Gilgil district(it is a new district), Kiambogo Division, Mitimingi location, Kiptangwanyi sublocation. There is high demand for these commodities since they are a basic commodity which is consumed by the entire society. customers prefer buying from me since I provide fresh products from the farmers and at a fairer price than my competitors. The problems that the business face are transport problems especially during the rainy season and also drought which affect the sources of the products that I sell. my monthly costs include electricity, water, rent and transport costs. Currently I am using my sales revenue and profit to expand my business but still this is not enough. I would be glad if the organization can assist me with a certain amount to boost my business since the demand is high but the supply is low due to lack of enough cash.
I would like to use my loan to buy more cereals especially wheat whose demand is very high for my business.
Positive
7
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$977.00
Date disbursed
Jun 6, 2012
Repayment status
Late
Projected term
31 months
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