Entrepreneur
Name
Peter
Member since
February 2015
On-time repayments
101 installments • 3%
About Me
I am PETER KUNGU was born in 1969 in Thika kiambu county. Im married and a father of 5 children three girls and two boys. I joined my primary education in 1974 in Kianjuri primary where by i completed in 1980 and later i joined my secondary education in Ihumbu day secondary school upto 1984 whereby i completed my education .
I was not able to continue with further studies but instead i stated farming onions in our home area in thika kianjuri where by the area wasn't that productive thus turning my plans to progress down wards.
After a long duration there after in 2002 i started a business of having a cafe in the town center and due to the population of people the turn-up was so positive making me to continue with the business up-to date.
I started this business with the little funds that i had save when i was farming.The unique thing in the area is that the place is not that spacious and thus i have to add a space to accommodate to the large number of customers i have.
My children admire to be doctors when they finish up their education.On my past time i like visiting friends
My Business
In my business , the services that i lender to my customers and the society as well is selling of cooked food on daily basis.
These services are good and useful to people because its a consumable service that is need in daily basis for life in human beings.
I came to choose this type of business because in the place where i located the business am alone and thus it make my daily income to be of high value compare to what i was doing in the years ahead.
My typical cost and revenue range between $10.5 to $12.3
The profit that i get in sales of my business i usually distribute it in different ways and as follows:-
(1)Paying of my workers.
(2)paying school fees for my kids.
(3) buying stock in my business.
(4)meeting my domestic affairs in my family.
Loan Proposal
Incase i get this amount of money i will utilize the amount as follows:-
$ 22.5 will be of inventory of stock in my area of work.
$ 10.8 will be used to buy some new plates.
$ 20.5 will be used to by a new plastic tank for the supply of water in the restaurant.
$ 22.5 will be used to renovate some worn-out parts of the hotel that need renovation .
i will be of benefit to stretch my desire to improve business
i will also give back to the society and communicate the good of your existence hence a societal benefit.i expect my profit margin to be between $ 74.8 to $ 14.5on weekly basis.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Mar 2, 2015
Repayment status
Late
Projected term
24 months
Lenders
Jake Gibson and Beverly Picardo
San Francisco, United States
Ask Peter a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.