Inventory of more dry maize & rice for my customers

Peter Gioko

Menengai,kenya, Kenya

13% repaid

Entrepreneur

Name

Peter Gioko

Member since

December 2013

On-time repayments

118 installments  •  6%

About Me

My name is Peter Gioko Kimotho.Iam a Christian in religion and a husband to Veronicah Waceke Gioko.I come from a humble family background.We attend Wild-Wide Gospel Churchof Kenya here in Menengai,Kenya
I started schooling in my early age of seven years in class one in Bondeni primary School.Later after doing my final examination in class Eight i was enrolled in Flamingo secondary School in Nakuru Town until i performed my KCSE,which i attained a mean Grade D+.
After the school there was no where to go for the college since my parents had no enough money to cater for my college fees,it is then i decided to look for an employment within the Town.I got one and worked for seven years and later i quit for my own business.

My Business

Since i started my own business in the early 2010,I have been passionate in what i do in my society.That is why i started a Posho-Mill to mill maize corn to become maize flour.I also sell other dry farm products like rice,beans and njahi My business is registered .by the County by-laws and regulations.I have been in this business for 4 years now.The business is profitable especially on the harvesting seasons.Through this business i have managed to take care of my family daily needs and also to cater for my parents daily needs back in rural home and save some after the profit for future improvement of our lives.The business also have its own challenges and i may quote some which includes,insufficient cash flow when harvesting seasons comes for buying the dry grains in large quantities.(2)Demands of the commodity in the area(3)Lack of good transportation mode of the goods from the farms.My last months sales are as follows:
(a)Total sales and services for December: Ksh.62,000.

(b)Total expenses month of December(business house rent, electricity,water, watchman=49,280 )

Total net profit=12,720.This shows that i will be in a position of repaying your loan without any problem.
I believe that through Zidisha's lending platform,i can be in a good position to buy the goods in bulky,since the commodity is scarce in my town and in return i will be selling to my customers in large quantities and at a relatively/reasonable price compared to my competitors around the town.Also i will maintain my add more new customers and maintain them with quality and cheap flour mill.

Loan Proposal

I humbly take this time to sincerely thank the entire Zidisha fraternity for this consideration.I want to thank also the lending team for making this Zidisha team a successful and a stronger family.For the loan that i am requesting from you i am planning to add three more dry maize,which i will grind them to make a corn flour.This will make my business to attract more customers as this commodity has been scarce in most of the shops within.I will order the three bags of 90 Kgs at a cost of 2,300 per bag totaling at Kshs.6,900.I will also add 50 kgs of rice which ranges at Kshs.2,100.Through the addition of this commodities in my store,i will make my daily sales to improve and also sell the commodity at a reasonable price to my customers.Through your kind support,i will make it.Thank you for now and be blessed.Welcome all the willing lenders.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jan 13, 2015

Repayment status

Late

Projected term

27 months

Lenders

sderickson

Berkeley, CA, United States

H

hodor

Australia

S

stryker75

United States

LouisB

ZIDISHA, Mozambique

J

JessicaAna

Maputo, United States

ToddTho

World Wide, United States

LutianaPablo

Rome, Italy

AP

Andrew Page

United Kingdom

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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  • Peter Gioko    Apr 22, 2015

    To all the zidisha team/partners.I have been unable to service my loan frequently.Kindly allow me to change my loan payments for now since I had been not feeling well,resulting for more arrears.I will be much ready to start my payments come my next pay day.Thank you all.

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  • Joel    Apr 16, 2015

    I have spoken to Ndegwa the person who invited peter Gioko since his number was not going through. He has informed me that Gioko is paying his loan today on 16th April 2015.
    Thanks

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  • Joel    Apr 6, 2015

    Dear lenders; Peter Gioko is really striving due to his current situation. I have spoken to him and has accepted to slowly come back on track.

    Thank you.

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  • Joel    Mar 4, 2015

    Thank you peter for coming back on track despite having tough times with the illness of your child. You really proved your credit worthiness.
    Thank you.

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  • Joel    Feb 27, 2015

    I would like to let our lenders know that this borrower has been having a tough times. his child was seriously ill and he used all he had with the treatment of the child. but since now the child has recovered, he has promised to come back on track from next week. Please lenders consider his case, he is a great man and a trustworthy one. This will be proved soon when he comes back on repaying track.

    Thank you.

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  • Peter Gioko    Feb 19, 2015

    Dear Zidisha Microfinance,
    I will be able to be sending kes.99 until the business returns as usual.I am sorry for the inconveniences that i have caused and i promise that once the business picks,i will change to a higher amount in my loan payments.Thank you to you all.

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  • Joel    Feb 3, 2015

    I have spoken to Mr. Kimotho about his overdue and has confirmed to pay ASAP, and also to be trying and be paying in time.
    Thanks lenders for your resilience.

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  • Joel    Jan 27, 2015

    I would like to inform all my honorable lenders about the loan status this great borrower. he is very green to this program and was not aware of the full process of repaying his loan, but I have made all necessary effort to reach him and I would like to let all the lenders know that he is fully committed in repaying back his loan and in due time.

    Thanks all, Thank you Zidisha.

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