Mr. Peter Wanguo is a persistent and thriving Dairy vendor and supplier in Molo town. He is a household name and milk from his shop has been served in homes since 1992.
He has taken full advantage of the fact that dairy products have grown in demand because of the value addition: fresh milk, yogurt, whole milk, butter and powdered milk. His face lights up the moment he sees me for he counts Moto hope Micro-lending as the anchor that lifts him time and again from the devastating effects of inadequate working capital and downturns that would otherwise threaten the stability of his longstanding business as well as his ability to pay school fees for his children.
He is a husband and father of six children two of whom are at University, two in high school and two in primary school. MHML has loaned Peter’s business a total of $550. Our affordable credit has enabled him to maintain the litres he sells to between 500litres and 900 litres a month. He supplies milk to businesses in Nakuru town, Total region and enjoys a large market of homes and institutions in Molo and its environs. The success of his business has enabled him to sustain his family as well as buy land and build his own home. Peter impacts the smallholder dairy farmers who are the major suppliers of raw milk to his dairy (Mamlo). He has maintained them over time because of his consistency and honesty. He uses a motorcycle to access the remote areas of Molo and its environs whose poor infrastructure has rendered his pick-up track redundant.
In the dry season when milk supply is so much lower than the market demand, Peter still gets the little that his suppliers are able to provide for he pays them in good time, good enough to deter them from shifting to the dairy co-operative(KCC) in town. He also possesses an added competitive advantage of saving his suppliers from traveling an average distance of 5km to deliver milk to the Cooperative and other dairies.
We have enabled him to invest in a cooling facility that cushions him in the rainy season when milk production is at its peak, and milk supply in the market exceeds its demand. It also ensures that the very perishable milk is not subjected at any period of the changing market tides and ambient temperatures, to deterioration. His loyal customers acclaim his quality unadulterated milk and are not in the least bit bothered by the fact that starting next month (March 2018) they will have to cough out ksh 10 ($0.10) more for a litre of milk will retail at $0.60 due to the dry spell that has persisted.
Besides his dairy business, Peter also sells water at $0.15 for 20litres and re-charges phone batteries for $0.10 for clients who have no running water and aren’t connected to the national power grid respectively. He purposes to buy a second tank at his home to mitigate the water scarcity problem. We at Moto Hope Micro-Lending in turn gladly continue to impact lives through him and with him.