Ladies' Choice

Peter

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Peter

Member since

February 2015

On-time repayments

145 installments  •  32%

About Me

I was born in the Rift Valley region of Kenya. This region is famous for producing over 90% of Kenyan long distance runners who have gone on to conquer the world. Naturally, as I grew up, my dream (as well as that of almost every other young child there) was to become a track athlete. I was never successful to this end, partly because of the intense competition and the injuries that halted my development, but I maintained a healthy and fit lifestyle. Unfortunately, I did not continue my education past O levels and so did not get the opportunity to land a good formal job. I decided to venture in business and naturally, I settled on selling second hand as well as brand new sport shoes because of my love for 'the track'.

My Business

I sell new and used sport shoes. Due the increased appetite for leading a healthy lifestyle, there has been increased demand for sportswear. A key and vital component of a sporty wear is shoes. My clients are mostly people who require shoes for exercising but there are others who just love sport shoes for their trendy look.
My typical monthly costs usually include $60 for rental space, $30 for trading licenses and miscellaneous expenses of about $30. I get revenues of about $450 a month with profits averaging $200. I use the profits for my family expenses, paying fees and growing the business. As explained above, i use a rental space to do my business and its just a temporary structure so i humbly request for a loan to built a semi permanent structure so as to improve my business environment thus improving it.

Loan Proposal

Hi my lenders. First I would like to thank you very much for your help. Please note this is the third loan am applying. The first one I used it to expand my second hand shoe business. The second I used it to improve the place where I do the business, I was able to build a nice structure which I use at the moment. I have successfully repaid all the loans. Now the third one I would like to open a branch for my wife. She will deal with second hand ladies shoes and tops. She will be buying the goods from the wholesale market where it is sold in bales. One bale goes for between usd: 70.00 to usd: 90.00. Upon opening the bale and you sell one by one the profit comes to about, usd: 50.00 per bale. The profit we will use it to improve on our daily lives, pay school and college fees for our children and save a little for our future. For sure I hope to increase our profits for the two businesses. Thank you very much. God bless you all.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$195.00

Date disbursed

May 5, 2016

Repayment status

On Time

Projected term

27 months

Lenders

dlpringle

Denver, United States

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

PG

Paul Graham

United States

Diego

Monza, Italy

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

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  • Peter    Nov 8, 2021

    business has been down.

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  • Peter    May 2, 2018

    business going slow

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  • Collins    Apr 21, 2018

    I have tried calling the reference but none of them actually was clear or suggestions on reaching him. He is not replying to my texts or calls

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  • Peter    Feb 7, 2018

    hi My lenders, i thank you very much for the help. God Almighty bless you. The prevoius loan actually helped me very much our live are much better as the business keeps on growing. Thanks again.

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  • Peter    Dec 6, 2017

    the business has gone very slow.

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  • Peter    Nov 8, 2017

    The rainy season is here & the business has picked up again. Thanks my lenders for being patient.

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  • Peter    Sep 25, 2017

    The business is now picking up slowly. Thanks very much my lenders for your patience.

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  • Peter    Aug 2, 2017

    The business has gone very slow and the flow of cash is minimal at the moment. Thanks very much my lenders.

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  • Peter    Jun 19, 2017

    The business is slowly picking up so can now start paying more. thanks again.

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  • Peter    May 22, 2017

    The business has gone very very slow and the flow of cash is minimal at the moment. Thanks very much my lenders.

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  • Peter    May 10, 2017

    Hi My Lenders,

    I want to thank you very much for your patience as the business has gone to the lowest and cash flow is very minimum, i promise to start the payments promptly from end of month.. Thanks again my lenders for your understanding.

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  • Handson    May 7, 2017

    Hello with peter he is a round he said by now he doest have money but.Soon as he get money he will pay back his business is done

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  • Peter    Mar 29, 2017

    the business has gone to the lowest and cash flow is very minimum. Thanks my lenders for your understanding.

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  • Peter    Feb 13, 2017

    The business has gone very slow at the moment. Thank you my lenders for your understanding.

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  • Peter    Jan 13, 2017

    the business is slowly picking up. Thanks again my lenders.

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  • Peter    Dec 15, 2016

    The business has gone very slow at the moment. Thank you my lenders for your understanding.

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  • Peter    Nov 7, 2016

    we are approaching the rainy season and the business is slowly picking up. Thanks again my lenders.

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  • Peter    Oct 15, 2016

    The business is very very slow at the moment. Thank you my lenders for your understanding.

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  • Peter    Oct 14, 2016

    The business is very very slow at the moment. Thank you my lenders for your understanding. Am also contemplating to reduce my installment to 600 from next week if the cash flow still remains low.

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