Kenya



Entrepreneur
Christopher Karanja
Kiptangwanyi Centre Nakuru County, Kenya
Volunteer Mentor: Victor Odera

This Loan
100% Repaid


Disbursed Amount: $489.01
Date Disbursed: Jun 7, 2012
Repayment Status: On Time
Repayment Frequency: Monthly Projected Term: 12 months
Cost of Loan: $61.72
Show Cost Details

Lender Interest: $489.01 at 6.65% annual rate over 12 months = $35.23

Service Fee: $489.01 at 5.00% annual rate over 12 months = $26.49

Total Loan Cost:
$35.23 + $26.49 = $61.72

Christopher will also pay a lifetime membership fee of $33.53. This covers:

  • Loan Loss Reserve Contribution: $22.36
  • Registration Fee: $11.18

Story
About Me

I am 34 years old, married with four children, three of them are schooling. I live in Kiptangwanyi centre, Kiambogo division, Gilgil District, Nakuru county. I am a businessman,. I started as a boda boda operator, where I switched to puncture repairing. I started the business in this area after I realized that the area had a problem in addressing the issue of punctures. I use my earnings to improve on my business since I dont have an opportunity where I can get enough cash to expand my business.

My Business

My business is located at Kiptangwanyi shopping centre. kiptangwanyi centre is located at 41 km from Nakuru town which happens to be our nearest major centre. the shopping centre is about 12km from Elementaita trading centre which is mostly known as it was a colonial shopping centre. Kiptangwanyi is in Nakuru county, Gilgil district, kiambogo division, Miti Mingi location, Kiptangwanyi sublocation. My business is near the matatu stage in Kiptangwanyi shopping centre. My business entails the services of repairing punctures for motorbikes, vehicles and even bicycles. There is very high demand of this service since the area is remote, the roads are poor and we are also far away from town making this services very crucial in this area. Customers prefer my services since I offer unique, quality services and at a fairer prices as compared to my competitors. The business is profitable since there are so many boda boda operators in the area making the business profitable. The problems that my business face are lack of more advanced facilties, high prices of crude oil products that I use to operate my air compressors machine. My monthly costs include rent, water, fuel and transport costs. I would be glad if Zidisha would assist me in improving and expand my business since cash is a problem that has been limiting my future plans of expanding this business that I rely much on in order to earn my daily needs for myself and my family.

Loan Proposal

I would like to buy more spare parts for my business and especially tyres adn tubes for bicycles, motorcycles and motorvehicles.


Feedback
Positive   20      Neutral   0      Negative   0     

  • LaBretonne     Dec 21, 2014

    Positive

    Fully repaid... again! Well done!


  • nicole     Nov 22, 2014

    Positive

    Repaid ahead of schedule -- I'm glad to have lent to you!


  • Sunnyside     Oct 31, 2014

    Positive

    Once again paid back ahead of schedule and I sincerely hope that your business is a huge success - you deserve it. I logged on especially to help you with your next loan and am delighted to see that you are already fully funded - wishing you every success. Gill


  • SKWAW     May 29, 2014

    Positive

    So impressed. Best of luck to you.


  • Benoit     Feb 16, 2014

    Positive

    Paid back ahead of schedule. Fantastic job. I wish you great success in the future


  • torelizer     Feb 5, 2014

    Positive

    very fast, good luck!!


  • nicole     Jan 10, 2014

    Positive

    Paid far ahead of schedule. I wish you success and will definitely lend again!


  • Sunnyside     Jan 8, 2014

    Positive

    Steadily paid back - ahead of schedule. Wishing you every success. - good luck!


  • valentin     Jan 7, 2014

    Positive

    Loan paid off, no problems. Best of luck in the future!


  • Brian     Jan 7, 2014

    Positive

    Excellent! This loan was paid off, in full, 5 months before the due date. I wish you every success in the future, Christopher, and I would certainly be willing to lend to you again if that would be helpful to you.


  • David2051     Jul 7, 2013

    Positive

    Congratulations on repaying your loan!


  • Rdcmole     Jul 1, 2013

    Positive

    Paid back in full.


  • LaBretonne     Jun 29, 2013

    Positive

    Fully paid back, thank you!


  • galmor     Jun 15, 2013

    Positive

    Bon Chance!


  • Spock     Sep 20, 2012

    Positive

    Paid back in full. Thank you and good luck!


  • johnfay     Jun 19, 2012

    Positive

    Congrats, good luck with your future ventures!
    From South Africa!!!!


  • David2051     May 28, 2012

    Positive

    Repaid well. happy to loan to you again. Best wishes.


  • CatholicNetworking     May 27, 2012

    Positive

    Paid back in full, thank you.


  • mikedufty     May 25, 2012

    Positive

    No problems


  • Aahz     May 24, 2012

    Positive

    Every payment right on time! Thank you and good luck!


Lenders
joerg

Berlin,  Germany

David2051

.,  United States

LaBretonne

Rennes,  France

galmor

Cork,  Ireland

Monarch84

Las Vegas,  United States

MiguelGago

Guimarães,  Portugal

jkats1988

New York,  United States

Anninymouse

Southampton,  United Kingdom

bgxalz

Kópavogur,  Iceland

Coyote137

Portland, Or,  United States

jgillard

Winchester,  United Kingdom

mikedufty

Perth,  Australia

Rdcmole

Cincinnati,  United States

Aahz

Fremont,  United States

dancesflo

Sao Carlos,  Brazil

Harley

New York,  United States

EricDamonWalters

Rochester, Mn, Usa,  United States

Discussion
Ask Christopher a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Victor Odera     Jan 20, 2015

    Hi lenders,
    I spoke to Karanja and he told me that his business is having some little hi cups but promised that he will get on his track soon.
    He is really committed to succeed.
    Kindly bear with him.
    Regard
    V.M
    Victor Odera


  • Victor Odera     Dec 4, 2014

    Hi to lenders,
    I have managed to reach to Christopher and he is so sorry for that delayed repayment.
    He also made some fun and said that zidisha took too long to remind him repay, hahaha.
    He therefore confirm that he will make his payment by Saturday.
    May we believe he will co operate promptly.
    Regards
    V.M,
    Victor Odera


  • Michael Lawrie     Oct 29, 2014

    Congratulations - Good luck :)


  • Victor Odera     Jul 30, 2014

    Hi to Zidisha lenders,
    I called Christopher Karanja today and he responded positively, that he's not going to reschedule the loan repayment but instead pay his dues anytime today.
    He is really commited to repaying the loan with the same installment agreed earlier.
    I therefore look forward to his actions.
    V.M Victor Odera


  • Victor Odera     Jul 30, 2014

    Hi to Zidisha lenders,
    I called Christopher Karanja today and he responded positively, that he's not going to reschedule the loan repayment but instead pay his dues anytime today.
    He is really commited to repaying the loan with the same installment agreed earlier.
    I therefore look forward to his actions.
    V.M Victor Odera


  • Christopher Karanja     Jul 19, 2014

    Hi Lenders,
    Hope all of you are doing well. Here we are fine. My family is doing well though we have been much affected by the drought in the country. Most parts of the country are dry as the April rainfall failed. We are positive that things will go back to normal.
    Thanks and be blessed for the good work you are doing.


  • Victor Odera     Jul 19, 2014

    Hi Karanja,I`m your mentor in zidisha and if you have any question do not hesitate but ask and I`ll be happy to guide.Feel welcome.


  • Sunnyside     Dec 26, 2013

    Dear Mr Karanja, I hope that your business is going well. You are doing a brilliant job of paying back your loan. I wish you every success with your business. Kind regards Gill


  • roberta.zenere     Oct 6, 2013

    Dear Lenders,

    my name is Roberta Zenere and I am a Kenya Country Liaison Intern at Zidisha. Within this role, I am coordinating the Zidisha's MPESA team, responsible for processing loan repayments and disbursements.

    Today, while reviewing our accounts, we noticed that a loan repayment of 4,200 KES (49.96 USD) sent by Mr Karanja on February, 13 was not registered in the repayment schedule of his previous loan. We have now credited that amount in his current repayment schedule, as you can see from the payment posted today under the date February, 13.

    Mr Karanja, we are sorry for this inconvenience and we wish you all the best with your business! You are doing very well with your loan repayment!

    Best regards,

    Roberta
    Zidisha Team


  • colochef     Jun 13, 2013

    Good Luck! Fantastic idea to buy a drilling machine, hope it will bring you a lot of new customers and oportunities!


  • traciyoshiyama     Jul 7, 2012

    July 7, 2012

    Hello, my name is Traci Yoshiyama, Zidisha’s Kenya Client Relationship Manager. I am currently residing in Mugaa, visiting Zidisha borrowers in nearby villages.

    Although countless of businesses line the streets of Kiptangwanyi, among the most essential is Christopher Karanga’s repair shop. Having experienced the roads in this area by motorbike, car, public transportation, and foot, I can tell you that it is no easy feat getting from place to place. Never was it more important to have a repairman you can trust.

    Christopher, or Junior as the locals know him, explained to me how he made his way up from working as a boda boda (motorbike) driver to owning his own shop. By taking training courses in Gil Gil and working at another repair shop in Kitangwanyi, Junior eventually owned his own business thanks to his first Zidisha loan. He was able to buy all the necessary machinery and supplies to get his feet on the ground and provide him and his family with a comfortable life. Through his second loan, Christopher was able to buy a welding machine, which you can see in the photo displayed below. The venture does not stop there, for he hopes in the future he will be able to also sell vehicle parts to his customers, such as tires.

    Showing admirable work ethic, my visit was cut short due to Christopher’s large workload. I caught him in the middle of a repair, which I was able to photograph below. I did not leave before meeting his employee, Duncan, who described Christopher as a very good boss. As Duncan saw I was going to take pictures of Christopher working, he quickly ran inside the shop to put on his apron while Christopher shook his head and laughed.


  • Christopher Karanja     Sep 12, 2011

    hi EricDammonWalters. Thank you for coming to my assistance.


  • Christopher Karanja     Sep 12, 2011

    Hi Mikedufty. Thank you again.


  • Christopher Karanja     Sep 7, 2011

    Hi Mikedufty. I am very privileged that you have come to my assistance. My customers are increasing day by day. I promise to use the loan well to expand and reach many of my customers. May God almighty bless you.


  • Christopher Karanja     Sep 7, 2011

    CatholicNetworking, Thank you very much for your support.

Summary
Amount Repaid: $550.71
Amount Remaining: $0.00
Status: Fully Repaid
Date Repaid: Jun 8, 2013

Repayment History
Expected Payments Actual Payments
Aug 7, 2012 $50.06 Aug 7, 2012 $50.06
Sep 7, 2012 $50.06 Aug 7, 2012 $0.38
Sep 5, 2012 $49.69
Oct 7, 2012 $50.06 Sep 5, 2012 $0.75
Oct 5, 2012 $49.31
Nov 7, 2012 $50.06 Oct 5, 2012 $1.13
Nov 6, 2012 $48.94
Dec 7, 2012 $50.06 Nov 6, 2012 $1.50
Dec 17, 2012 $48.56
Jan 7, 2013 $50.06 Dec 17, 2012 $0.71
Jan 8, 2013 $49.27
Mar 6, 2013 $0.09
Feb 7, 2013 $50.06 Mar 6, 2013 $50.06
Mar 7, 2013 $50.06 Mar 6, 2013 $2.63
Apr 18, 2013 $47.43
Apr 7, 2013 $50.06 Apr 18, 2013 $1.83
May 16, 2013 $48.23
May 7, 2013 $50.06 May 16, 2013 $1.04
Jun 6, 2013 $49.03
Jun 7, 2013 $50.06 Jun 6, 2013 $16.66
Jun 8, 2013 $33.40

Christopher Karanja
Kiptangwanyi Centre Nakuru County, Kenya

100% Repaid