Loan to buy a deep freezer for my butchery
Peter
O.rongai,nairobi,kenya., Kenya
100% repaid
Entrepreneur
Name
Peter
Member since
January 2016
On-time repayments
82 installments • 82%
About Me
Thank you for this opportunity.
I was born and brought up in a rural-based community. I was taken to school and completed my primary and secondary education. My parents are peasants and practiced mixed farming. I am born in a family of 4, two boys and two girls. Being the first born, I was schooling while helping my parents with domestic work like taking the cows to the river and fetching firewood, among other activities. However, my parents were not well off and relied mainly on cash crops and food crops to educate and feed us. The burden of school fees crippled my dream of becoming an accountant, despite attaining the best grades to study the course. This was because all the other [siblings] were in school and the school fees became unbearable for my parents to raise.
All in all, I resorted to doing old and manual jobs, like being a casual laborer in a farm, just to cater for my needs and be independent financially. Later on, I moved to Nairobi where I was employed in a butchery to sell meat. I gained more experience in the business and saved money to start my own. The time came for my employer to close down the butchery, and I took advantage of the already set up facility to continue with the business as mine. It was not an easy journey for me since I didn't have enough money to buy all the requirements. I called my uncle, who gave me some money. This is how I came to start my own business and I am happy.
What is unique about the land or culture of the place I live is that the community braces one another for national cohesion and integration. My children would want to be educated well and gain skills to acquire jobs or be entrepreneurs. My unique hobbies are watching football and helping youths to avoid drugs and violence.
My Business
Meanwhile, my business mainly deals with selling meat in a butchery. Also I sell eggs and chicken. These are the products I provide.
These products are always in high demand because they are foodstuffs and therefore a basic need. People find it possible to add proteins to their diet and decide to buy meat. I decided to choose this business because I had experience and I loved it, besides making a huge profit.
My typical costs are usually buying the stock, which is mainly meat, eggs and chickens. Other costs are the cost of transportation, which contributes largely on most of the expenses. I also pay for my assistant's salary, the electricity bill, rent, security and water.
My profit usually goes towards meeting these expense and my personal expenditures, as well as helping my parents, who are now old and less productive. I also reinvest the surplus. Thank you.
Loan Proposal
When I get my next loan of around USD200.00, i will first buy the following items.
I will buy Deep freezer at a cost of $125.00.
I will add more stock of meat & eggs at a cost of $36.00 and $20.00 respectively.
These are very crucial item and urgently needed in making my stock of meat fresh and ready for sale every day.
Also on the list will be 1 more new dust coats at a cost of $6.00,
I will also buy Hooks at $5.00.
Customers will never wait longer for the service now with a Deep freezer and faster cutting of meat will improve customer service and satisfaction.
All these will again add to my daily income and the profit will increase from the current USD30.00 to USD400.00.This will be another achievement in my business. I will be proud of you lenders.
Thank you.
About Me
Thank you for this opportunity.
I was born and brought up in a rural based set up community.I was taken to school and completed my primary and secondary education.My parents are peasants and practiced mixed farming.I am born in a family of 4,two Boys and 2 Girls.Being the first born ,i was schooling while helping my parents with domestic work like taking the cows to the river and fetching firewood among other activities.
However,my parents were not well up and relied mainly on cash crop and food crops to educate and feed us.The burden of school fees crippled my dream of becoming an accountant despite attaining the best grades to study the course.This was because all other were in school and the school fees became unbearable for my parents to raise.
All in all i resorted to doing old and manual jobs like being a casual laborer in a farm just to cater for my needs and be independent financially.Later on,i moved to Nairobi where i was employed in a butchery to sell meat.I gained more experience of the business and saved money to start my on.Time came for my employer to close down the butchery and i took advantage of the already set facility to continue with the business as mine. It was not an easy journey for me since i didn't have enough money to buy all the requirements.I called my uncle who gave me some money.This is how i came to start my own business and i am happy.What is unique about the land or culture of the place i live is that community brace one another for national cohesion and integration.My children would want to be educated well and gain skills to acquire jobs or be entrepreneurs.
My unique hobbies are watching football and helping youths to avoid drugs and violence.
My Business
Meanwhile,my business is mainly to deal with selling meat in a butchery also i do sell eggs and chicken.These are the products i provide.
These products are always on high demand because they are food stuffs and therefore basic a need.People find it possible to add proteins to their diet and decides to buy meat.I decided to choose this business because i was having an experience and i loved it beside making a huge profit.
My typical cost are usually cost of buying the stock which is mainly meat,eggs and chickens.Other cost are ,cost of transport that contribute largely on most of the expenses.I also pay for my assistant salary,electricity bill,rent,security and water.
My profit usually goes toward meeting these expense and my personal expenditures and well as helping my parents who are now old and less productive.I also do reinvest the surplus.
Thank you.
Loan Proposal
When I get my next loan of around USD200.00, i will first buy the following items.
I will buy Deep freezer at a cost of $125.00.
I will add more stock of meat & eggs at a cost of $36.00 and $20.00 respectively.
These are very crucial item and urgently needed in making my stock of meat fresh and ready for sale every day.
Also on the list will be 1 more new dust coats at a cost of $6.00,
I will also buy Hooks at $5.00.
Customers will never wait longer for the service now with a Deep freezer and faster cutting of meat will improve customer service and satisfaction.
All these will again add to my daily income and the profit will increase from the current USD30.00 to USD400.00.This will be another achievement in my business. I will be proud of you lenders.
Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$202.00
Date disbursed
Jul 13, 2016
Repayment status
On Time
Projected term
30 months
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