Business investments
Charles
Mwiki Estate, Kasarani Nairobi, Kenya
100% repaid
Entrepreneur
Name
Charles
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
Dear lenders I wish to post my third loan with you and I hope you will be willing to support me. I need money to support my business of selling smokies, sausages and eggs I need to increase my stock and open new branches to sell the same commodities which is on big demand in my area. This loan will help me increase my sales by over 50 percent which will make me comfortably pay back my loan and take care of My family needs
Feedback
Positive
6
Neutral
None
Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,118.00
Date disbursed
Nov 11, 2015
Repayment status
On Time
Projected term
13 months
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Dean Suminski Sep 12, 2017
Jemilla Sep 12, 2017
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