Stocking my shop with wheat flour and cooking fat

Peter Thuo

Miti Mingi, Kenya

100% repaid

Entrepreneur

Name

Peter Thuo

Member since

August 2014

On-time repayments

56 installments  •  57%

About Me

I am a married man who aspires to be a successful business man. Luckily, I am already in business, I have a retail shop where I buy large amounts of basic household goods and repackage them to sell at a profit. I have successfully completed secondary school education after which I started working with my uncle in Kitale town. From my uncle, I have gained so much experience in business and that is why i relocated to Miti Mingi to Start my own small shop which has grown to a large shop. I love watching movies and visiting places during my free time.

My Business

My shop is popularly known as Thuo's Shop in Miti Mingi. It involves selling basic household items such as foodstuffs (rice, maize floor, sugar, salt etc) and other consumables and non-consumables like umbrellas. In a typical month, I am able to calculat a profit of Kshs. 30000 gross and daily sales of more than 12000. this means that my shop is sustainable and if I can manage and grow a shop, I can also handle loans. I am greatly inspired by my friends who have businesses and seeing them struggle incessantly makes me keep going. I want to make my shop a wholesale in future because Miti Mingi is rapidly growing both as business and trading centre.

Loan Proposal

I would like to stock up my shop with wheat flour and cooking fat in large commodities in order to serve the surrounding hotels well and sufficiently. With the help you as the zidisha team have given me recently, I was able to increase my monthly income from 30,000 shillings to 34000 shillings. with your continued support I promise to work diligently and never to remmit my payments. may God bless you abundantly. Thanks as you prepare to fund me a loan . Thanks alot zidisha Organisation in advance.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$148.76

Date disbursed

Nov 19, 2014

Repayment status

On Time

Projected term

5 weeks

Cost to entrepreneur

Lender interest: $148.76 at 7.45% annual rate over 1 month = $1.19

Service fee: $0.59

Lenders

investor

Candiac, Canada

Myrar

Aarau, Switzerland

McJulio

New Jersey, United States

ads68

Melbourne, Australia

Eduard

Dnepr, Ukraine

fairspirit

Utrecht, Netherlands

Cricketca

San Jose, United States

H

howard

Vence, France

D

DavidJSmu

North Attleboro, MA, United States

T

thebonseung

Republic of Korea

Matching Fund

Sterling, United States

G

geoff

United States

M

meric

Australia

Paul Buchheit

Mountain View, United States

J

jay12

Germany

F

fvaneijk

Netherlands

J

jayne62

Australia

P

Prometheus

Duisburg, Germany

Tsay

Taipei, Taiwan

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