A helping hand for my brother

Paul Mwangi

Kiptangwanyi, Kenya

1% repaid

Entrepreneur

Name

Paul Mwangi

Member since

February 2012

On-time repayments

307 installments  •  7%

About Me

I am married with 7 children. Six of them are schooling. I live in Kiptangwanyi in my own piece of land. plot number 52. I started the business of repairing radios and televisions back in the year 2000. This is where I have been earning my daily needs and that of the family. I rely 100% on this business in order to feed my family and also to meet their basic needs.

My Business

my business entails the services of repairing radios, televisions and mobile phones. My business took another turn in the year 2008 where I started repairing mobile phones. All throughout I have only been repairing radios and television. This introduction of mobile phone repair increased the value of my business and also the number of customers that I previously served increased. There is very highdemand for my services in this area as I had already established a good relationship with most of my customers. the main challenges that my business encounter are high cost of electricity and increased prices of spare parts.

Loan Proposal

dear lenders,thank you for this opportunity to have another loan.in this loan i want to open another spare shop which will be managed by my younger brother who was left a lone by my parent after thy pass away,he completed secondary education last year 2013 and pass well but without money he will not be able to join university,but i plan ,the payment from the spare shop, i will keep it until enough for him to go to university,and because i am the one who will be collecting the money so that i can be able to pay the loan in time and also save for her education as he don't have any body to look to. as our parent no more, only you lenders and GOD.I AM PLEADING TO YOU TO FUND ME SO THAT I CAN STOCK THAT SPARE SHOP for my brother to have something to do at this time.thank you all

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,198.39

Date disbursed

Feb 25, 2014

Repayment status

Late

Projected term

66 months

Cost to entrepreneur

Lender interest: $1,198.39 at 14.79% annual rate over 66 months = $978.24

Service fee: $233.45

Lenders

E

Errol

Bradenton, FL, United States

fiego

Mannheim, Germany

investor

Candiac, Canada

davelowe100

Perryville, United States

tycho

Madison, WI, United States

eagle3

Grand Ledge, United States

D

dallin1776

Blackfoot, United States

artnking

College Place, United States

K

k9rich

Bay Shore, United States

L

ldron7

Utah, United States

W

Walekkelson

Brisbane, Australia

A

anonymus

Moon, United States

dsmart978

Bondurant, United States

T

ToddK

Indianapolis, IN, USA, United States

MakeSense

-, St. Kitts and Nevis

BrianHibbs

South Bend, United States

CharlieBfl

Vaduz, Liechtenstein

B

Bavarian

Bavaria, Germany

F

florian

Mettmenstetten, Switzerland

Sundstroms

Falun, Sweden

B

bentrust

bordeaux, France

H

HildeK

Rogaland, Norway

D

Dadiolafs

Vestmannaeyjar, Iceland

mossuto

Milano, Italy

L

leniwiec

Poznan, Poland

I

ivanill

Lansing, United States

R

Rking

Eugene, United States

Shakid

Jingan, China

C

cngilkd

gaithersburg, United States

Ric

San Joaquin, Philippines

J

Jopar

Corroios, Portugal

A

Andy

Berlin, United States

joaoferraz

RINCHOA, Portugal

S

Serene

Philadelphia, United States

jan73

Eugene, United States

C

CTAustralia

Caboolture South, Australia

Sarasota

Sarasota, Fl, United States

V

Volpone

Geneva, Switzerland

C

cranejoad

cazenovia, United States

D

DanRussell

Brighton, United Kingdom

markpearson

Portsmouth, United Kingdom

M

mzhope

Harrisburg, United States

Freewolf

Salt Lake City, United States

Shemuel

New Jersey, United States

D

dcravenus

United States

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