Loan to buy electric cables and sockets

Peter

Eldoret, Kenya

100% repaid

Entrepreneur

Name

Peter

Member since

January 2020

On-time repayments

4 installments  •  50%

About Me

Hello to the zidisha family.
My name is Peter Mbugua and I currently live in eldoret.
I was born in Nyandaru county, and I'm the second born in a family of 5, 3 boys and two girls.
My both parents are not alive.
I am an entrepreneur by profession.
I went to St Patrick's high school where I passed and joined a local technical college where I pursued a business management diploma.
I currently own a business of which I sell electronic parts and cooking gas cylinders refills.
It's from this business that I have managed to pay for my two siblings college fees and also catered for my bills.
I'm married and we're expecting our firstborn in April.
I believe zidisha will help me grow my business and also help several youths in my community to learn on how to become their own bosses.

My Business

I sell electronic parts such as wire cables, switches, adaptors , wiring tubes etc, and I also sell cooking gas.
I usually use my business as my main source of income and the profits I earn have been of help in managing my business and in my bills coverage.
I usually use 10% of my profits to support my community youths in buying for them entrepreneur materials and also in supporting them in their co-curriculum activities.

Loan Proposal

I will use the loan to buy electrical cables and sockets for my shop since they're in a high demand
I will use the loan to buy the products and intend to make a 50+% profit.
I will use the profits to repay my loan back in time , pay for my bills and also use some amount to support the upcoming projects of some of the youths in my community.
Thanks lenders

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$15.00

Date disbursed

Jan 21, 2020

Repayment status

On Time

Projected term

1 week

Lenders

Paul Buchheit

Mountain View, United States

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