Tea fertilizers

Peter

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Peter

Member since

September 2013

On-time repayments

290 installments  •  80%

About Me

I AM 48YEARS BORN IN GITURU,IN MURANGA COUNTY.I WENT TO SCHOOL AT NGURWEINI PRY SCH THEN BARTOLIMO BOYS IN BARINGO WHERE I DID MY O LEVEL.GOT MY FIRST JOB IN 1987 AS A SALESMAN IN NAIROBI.I AM MARRIED WITH A WIFE AND FOUR CHILDREN ,ONE BOY AND THREE GIRLS. ALL HAVE MANAGED TO REACH FORM FOUR AND TWO OF THEM WORKING IN NAIROBI.
I STARTED THE BUSINESS AFTER GAINING A SALES EXPERIENCE OF OVER 20 YEARS.I HAVE BEEN IMPORTING GENERATOR SPARES AND LATELY VENTURED INTO ELECTRICITY POLES.
I NEED THE FIRST LOAN TO FACILITATE ON FORESTRY MACHINERY AND ACCESSORIES EG.POWER SAW MACHINES,MOTORBIKES FOR SMOOTH OPERATIONS,POLES MEASURING CALIPERS,SAFETY BOOTS AND CLOTHING AND OTHER RELEVANT TOOLS.I AM CURRENTLY EMPLOYED AS A SENIOR POLES GRADER WITH A REPUTABLE FIRM IN NAIROBI.I AM ALSO A TEA FARMER IN CENTRAL PROVINCE AND THEREFORE GUARANTEE REPAYMENT IF OFFERED THE LOAN.

My Business

BEING VERY NEW IN THIS POLES BUSINESS,I MAY NOT BE ABLE TO PREDICT THE TURNOVER,BUT SINCE THE DEMAND OF POWER IS ENORMOUS IN THE COUNTRY AND THE PRODUCTS ARE AVAILABLE I DONT SEE ANY DANGER IN ENGANGING MYSELF INTO IT.THE ONLY RISK TO THIS BUSINESS IS RAIN.DURING THE RAINY SEASONS ,IT BECOMES HARD FOR THE TRUCKS TO PENETRATE TO THE FARMS.
AS DESCRIBED ABOVE,OVER AND ABOVE THE LOAN ,I AM EMPLOYED AND I ALSO EARN FROM TEA .IT MAKES ME REPAY THE LOAN EFFECTFULY.REFERENCE CAN BE SORT FROM MY EMPLOYER (RIDGEPOLE ENTERPRISES LIMITED,P.O BOX 19573-00100 NAIROBI .CONTACT PERSON MR.JOSEPH T. GICHERU PHONE NUMBER 0721493564)ACCORDING TO ME,THE BUSINESS IS VERY PROFITABLE BECAUSE IT DOES NOT INVOLVE MANY RISKS APART FROM RAINS.

Loan Proposal

I INTEND TO BUY IOO KGS OF FERTILIZER WHICH WILL BOOST THE CURRENT PRODUCTION.THIS WILL COST APROXIMATELY USD38.9.
THE FERTILIZER WILL MAKE THE OUTPUT GO HIGH TWICE .IT WILL ALSO MAKE THE TEA PLANTS HEALTHY
I THEREFORE EXPECT DOUBLE EARNINGS COMPARED TO THE LAST FINANCIAL YEAR. ONCE THE EARNINGS INCREASES MY LIFESTYLE WILL ALSO CHANGE TO BETTER.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$43.00

Date disbursed

Aug 19, 2015

Repayment status

On Time

Projected term

5 months

Lenders

George

Corvallis, Oregon, United States

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