Purchasing a diesel generator for power backup
Peter
Kiptangwanyi, Kenya
9% repaid
Entrepreneur
Name
Peter
Member since
August 2012
On-time repayments
180 installments • 30%
About Me
I live in Kiptangwanyi shopping center which is approximately 42km from Nakuru town. Nakuru town is our nearest major town within this area. I am married with three children who are all in school. I live in my own plot at the shopping center where I carry out my business. I live in plot number 432 with my family. My business entails the service of welding and car general repair at the shopping center. The business is marketable as there is electricity which I use in most of my operations.
My Business
My business entails the service of welding and car general repair at the shopping center. The business is profitable since the nearest place where people can get these services is Nakuru and therefore it is more cheaper to obtain these services here as compared to traveling to Nakuru town. The main challenges that this business encounters are lack of enough capital to expand the business and fluctuating prices of fuel which adversely affects the the cost of electricity.
Loan Proposal
Dear lenders,
I am happy to be back again for borrowing a loan from Zidisha microfinance. I wish to use my loan to purchase a generator for power back up. My business which is mainly reliant on electricity is usually affected negatively by power supply interuptions. I usually get high losses due to the interuptions. I therefore would like to use the loan to buy the generator to
improve the power supply in my business.
Feedback
Positive
4
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$661.00
Date disbursed
Jun 24, 2015
Repayment status
Late
Projected term
30 months
Other loans
Lenders
Groningen, Netherlands
Eldred, United States
Bicester, United Kingdom
Singapore, Singapore
Philadelphia, United States
World Peace, United States
Palo Alto, United States
Oslo, Norway
orange, United States
Northville, United States
Philadelphia, United States
South Bend, United States
Winterthur, Switzerland
New York, United States
Lahr, Germany
[email protected], United States
Brussel, Belgium
United States
United States
United States
United States
South Africa
United States
United States
Canada
United Kingdom
United States
Minneapolis, United States
United States
United States
United Kingdom
United States
Sweden
United Kingdom
Vietnam
United States
Germany
United States
United States
United States
Hungary
Ask Peter a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...