Introduction of school supplies in my shop

Peter Thuo

Miti Mingi, Kenya

100% repaid

Entrepreneur

Name

Peter Thuo

Member since

August 2014

On-time repayments

56 installments  •  57%

About Me

I am a married man who aspires to be a successful business man. Luckily, I am already in business, I have a retail shop where I buy large amounts of basic household goods and repackage them to sell at a profit. I have successfully completed secondary school education after which I started working with my uncle in Kitale town. From my uncle, I have gained so much experience in business and that is why i relocated to Miti Mingi to Start my own small shop which has grown to a large shop. I love watching movies and visiting places during my free time.

My Business

My shop is popularly known as Thuo's Shop in Miti Mingi. It involves selling basic household items such as foodstuffs (rice, maize floor, sugar, salt etc) and other consumables and non-consumables like umbrellas. In a typical month, I am able to calculat a profit of Kshs. 30000 gross and daily sales of more than 12000. this means that my shop is sustainable and if I can manage and grow a shop, I can also handle loans. I am greatly inspired by my friends who have businesses and seeing them struggle incessantly makes me keep going. I want to make my shop a wholesale in future because Miti Mingi is rapidly growing both as business and trading centre.

Loan Proposal

I would like to introduce school commodities in my shop too since this is back to school season. when I combine such commodities I believe I will be able to fulfill my new years targets. may God bless you abundantly.

Feedback

3

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$294.45

Date disbursed

Jan 7, 2015

Repayment status

On Time

Projected term

7 months

Cost to entrepreneur

Lender interest: $294.45 at 5.82% annual rate over 7 months = $10.08

Service fee: $6.40

Lenders

T

Tmann

Los Angeles, United States

carlos vendrell

Barcelona, Spain, Philippines

aarongabrielson

Heber City, United States

Raoul72

Naarden, Netherlands

Zidisha

Sterling, United States

E

evanglend

Arlington, United States

C

cjmenchaca

Austin, United States

B

blahblah

Nuernberg, Germany

jpterry

Port Richey, United States

beverly

Vancouver, Canada

CharlieBfl

Vaduz, Liechtenstein

J

jjonas

berlin, Germany

B

bhalter

Eau Claire, United States

indeh

London, United Kingdom

rasmus

Bern, Switzerland

Quentin

Toronto, Canada

P

planespotter

Berlin, Germany

R

rpmccarthy

Sydney, Australia

braccino

Settimo Milanese MI, Italy

ads68

Melbourne, Australia

N

NicolaG

Mantova, Italy

Eduard

Dnepr, Ukraine

JC

Jordi Cohen

New York, NY, United States

Muslim

Riyadh, Saudi Arabia

Cricketca

San Jose, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

B

Bokolo

Leeds, United Kingdom

H

HobbyCollector

Beach City, United States

H

HoseB

San Francisco, United States

M

meric

Australia

SuperMario28

Cudahy, United States

KM

Kirsty M

United Kingdom

Family Mueller

Petershagen, Germany

O

OBalA

Germany

Ask Peter a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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