Business expension and diversity
Charles Wairagu
Mwiki Estate, Kasarani Nairobi, Kenya
100% repaid
Entrepreneur
Name
Charles Wairagu
Member since
May 2013
On-time repayments
396 installments • 87%
About Me
My names are Charles Wairagu and 26 year old and married with with two children. I started my primary school in the year 1993 and finished in the year 2001 where I got a certificate of primary education with a grade of C+ Then continued for my secondary school in a school called Thanchathi Secondary school where I did my O level and passed with a grade of C, After school I did not go to college because my parent could not afford the school fees and were taking care of my other brothers and sisters
My Business
After taking my O level examination I did not join any college due to lack of School fee. I decided to start my own business after working as casual laborer to raise enough capital to start a business of selling green grocer.. I started this business and operated for a period of one year, before starting another business of selling smokies, boiled eggs, Samose a long Mwiki Road opposite Njeri house. This business is doing well and through this am able to feed my family and pay for all of their basic goods and services. In a day I make a profit of Ksh 100 that is about ksh 30,000 a month the money I use to pay for my family needs and pay for house rent and save about 10 percent in my and account..
Loan Proposal
I wish to expand my business of selling food products such as cooked eggs,sausages, chips and other fast foods, I will USD 600 for this purpose which will increase my profit significantly by over twenty percent. The balance of the loan will buy two Dairy cows at a cost of USD 500 each which both will cost USD 1,000, Which will produce enough milk for sale, which will give me good profit after selling milk per month. Will be able to provide fresh milk to the community for the use of children and all the community at affordable prices. and help our country on food security.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,681.16
Date disbursed
Nov 20, 2016
Repayment status
On Time
Projected term
9 months
Cost to entrepreneur
Service fee: $63.85
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Ask Charles a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.
Dean Suminski Sep 12, 2017
Jemilla Sep 12, 2017
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