Name
Charles
Member since
January 2015
On-time repayments
62 installments • 52%
My name is Charles Muthee Wachira. I was born in Nyeri County which lies on the central highlands of Kenya. This is an area where the main occupation of the residents is agriculture. The main crops grown here are horticultural produce such as fruit and flower farming mainly for export market. I grew up here in a large family of 9 and I am the 6th born.
I moved out of Nyeri after my secondary school since I realized that my parents residence was getting overcrowded. I moved to Mombasa to live with an uncle and I later enrolled for a course in pharmacy. I completed the course after two years and got a job at a chemist where I worked for one year. I then quit since the terms of employment were not good and decided to start my own business.
I am married with two kids who are in school.
I make pesticides by using chemicals such as boric acid. My products are used to kill insects such as cockroaches, and rodents such as rats. These pests are a menace in many neighborhoods around Mombasa city to low hygienic standards of the locals.
I also sell rat traps for those who do not like using chemicals. Due to the uniqueness of my business, it is almost a monopoly and my main competition are big companies though most of my customers testify that my products are superior.
With the sale of this products, I make a net profit of about $150 per week which I use for my family's upkeep and also to support my parents and the extended family.
My work entails making pesticides for controlling harmful insects. The business is doing well and I now want to branch out to doing fumigation around homes and office buildings. I have done feasibility study and I have realized there is a gap in this area and I want to fill it.
If I get this money, I will use it to buy a knapsack for spraying at a cost of USD 150, protective face masks at a total cost of USD30 and Rentokil pesticide for USD 50. This is all I need to start this new venture which looks very promising.
The new venture will increase my income greatly which will mean better life for me and my family. Thank you and please consider funding me.
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Project Type
Classic Loan
Disbursed amount
$230.00
Date disbursed
Apr 13, 2015
Repayment status
On Time
Projected term
5 months
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