To buy cooking fat and wheat baking floor

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 want to buy cooking fat and wheat baking floor because i have local hotels which take these commodities in large quantities and i sometimes lack enough these commodities. particularly, these hotels take is in credit and pay me after a day which i cannot always afford. but if i get this loan i will be able to add 4 dozens of wheat floor at a cost of Kshs 1600 each so they will cost me Kshs 6400. and cooking fat, five cartons of 10 kg each which will cost each 1300 so all will add to Kshs 6500. plus transport cos of Kshs 150 for each commodity. thanks in advance.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$149.97

Date disbursed

Sep 16, 2014

Repayment status

On Time

Projected term

7 weeks

Cost to entrepreneur

Lender interest: $149.97 at 1.65% annual rate over 1 month = $0.33

Service fee: $0.73

Lenders

W

Walter

Victoria BC, Canada

J

jdhowa2

Louisville, KY, United States

fairspirit

Utrecht, Netherlands

H

howard

Vence, France

Sarasota

Sarasota, Fl, United States

Matching Fund

Sterling, United States

Romojo

Paraparaumu, New Zealand

A

aliyabe

United Kingdom

ThomasJosef

Berlin, Germany

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