Money for sealing machine and paper bags

Peter

Kiserian, Kenya

100% repaid

Entrepreneur

Name

Peter

Member since

May 2017

On-time repayments

162 installments  •  65%

About Me

hi my name is peter i grew up in a family of 5 me being the middle child (3rd born) it was hard for me to get the much needed notice in the family .... whether it came to school fees or even basic money for clothes and shoes so it was hard for me . so i motivated myself to go out and look for it myself .. got employed and started a businness ...

My Business

i opened a cyber with my friend and its now been a year and its doing good but it could use some improvements .... i also started the fish businesses which are called OMENA in kenya but in english its fingerlings.. where i sell to supermarkets and shops .. which was where i invested my first loan ... thank you Zidisha....

in terms of earnings i make 5-10 dollars a day in the cyber depending on the traffic and availability of the internet also speed .so in a month i can make 200-250 dollars... if i deduct the rent and internet ... i get a profit of 150dollars which we split 50/50...so thats 70dollars each ....

Loan Proposal

i will buy paper bags .. omena - 2bags 6*dollars
mandazi - 3bags (small) 6dollars ....then i start packing and take to the shops immediately ... and get 40*dollars by tommorow ...

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$16.00

Date disbursed

May 31, 2017

Repayment status

On Time

Projected term

3 months

Lenders

Paul Buchheit

Mountain View, United States

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  • Madesto    Mar 3, 2021

    i called peter and he promised to repay his loan by the end of this month.then he will adjust the installment

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  • Duncan    Jan 5, 2021

    His cyber has been out of power connectivity due to bad business environment.

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  • Peter    Nov 11, 2020

    Covid

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  • Peter    Sep 11, 2020

    Still trying to survive with the covid pandemic

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  • Peter    Jul 22, 2020

    I don't want to default

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  • Peter    May 2, 2020

    Still underlockdown

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  • Peter    May 2, 2020

    Still under lockdown

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  • Peter    Mar 26, 2020

    Everything is on pause... In kenya we're starting the quarantine officially tommorow...

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  • Peter    Jan 23, 2020

    Im working on paying a chunk of the amount due

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  • Peter    Nov 7, 2019

    I don't want to default

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  • Peter    Aug 29, 2019

    im working on a business[tender] that might bring everything back to where they were before the floods ruined my life and my business

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  • Peter    Jun 13, 2019

    Going through some personal stuff at this time

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  • Peter    Apr 2, 2019

    I started school ..i went to college but it got too expensive it took all my money i couldn't even pay for the exams ... But i received a little money which i can pay something

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  • Peter    Jan 14, 2019

    Id rather not default...

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  • Peter    Dec 9, 2018

    i am bankrupt... the flood ruined my business... im even trying to pay off loans i took to start the business by selling my personal items...

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  • Peter    Sep 3, 2018

    I went from bad to worse but im trying ... I cant even meet my rent at this time.. apologies

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  • Peter    Jul 7, 2018

    I closed down the business after incurring huge loss due to the flooding in my area at the time... Even some computers got spoilt cause the ceiling leaked... I had to sell my phone .. so i haven't been getting the updates..i apologies but i pray that you understand .. but i will bounce back

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  • Faith    Jun 8, 2018

    Peter's business has been low recently. But he promises to resume repayment soon

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  • Peter    Apr 22, 2018

    With the current lecture strikes and floods that have caused the roads to block due to poor drainage and also blackouts...... Business has been the worst since i started i even lost a computer after short circuiting... Ive never defaulted in my loans ..but i hope things will change the next month or ill have to find a different location to move the business in...!!! I do apologise for the inconvenience

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