Rosemary Mwangi

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Rosemary Mwangi

Location

Nakuru, Kenya

On-time repayments

329 monthly installments  •  100%

About Me

my name is rosemary mwangi, i come from a family of 6members, my parents, 2sisters and 1brother,Was brought up in lowerkabete and later nakuru freehold estate.Pursued a diploma in marketing management in Kenya institute of management.went to st clares girls for secondary education and mount saint marys girls for primary education.am currently running a cereal shop.which i started in 2011 after having been employed in ICT industry for one year.I mainly deal with rice,ndengu ,beansand maize.most of my products i get them from mwea like rice and some like maize i get them from molo.

My Business

The goods i offer are cereals the hard grains which i get from farmers in mwea and molo.The demand for cereals is high since it is food that people consume on daily basis.My clients prefer me because i always give them fresh quality goods and of good measure and treat them with good customer service.the business is profitable since it is food that is bought daily and i get at a reasonable amount from the farmers which there is no intermediary between me and the farmers.i also sell at a cheaper price compared to my competitors,i also sell in wholesale price to other sellrs.

Loan Proposal

Dear Lenders!
I am very grateful for this far. With my first loan it really improved my business. Given this loan i will use Ksh. 70,000 to buy cereal since its harvest time and the cereals at this time go at a lower price,then Kshs. 10,000 will go for transport, while the rest Ksh. 10,000 i will pay for the store. Thanks and may God bless You.

Feedback

11

None

1

  • Colm O Brien    Jan 8, 2018

    Her repayments are on time but the amount repaid has been reduced significantly. At the average repayment amount the current loan is going to take about 3 years to be repaid. She had no difficulty repaying the expected payment amounts on the previous loans but this time the repayments are often very small. I have to wonder if she being serious about her repayments or if this project is viable?

    Log in to reply • Share
    • Rosemary Mwangi    Aug 18, 2018

      Hi colm sorry for disappointing,just had a baby via c section and was put on rest for 6 months due to some complication,i will improve on my repayment as soon as I stabilize the business..sorry for loosing your trust

      Log in to reply • Share
  • Will    Oct 12, 2017

    Rosemary has made over 150 loan repayments and every single one of them has been on time! I would highly recommend loaning to her.

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,066.05

Date disbursed

Oct 11, 2013

Repayment status

On Time

Projected term

22 months

Cost to entrepreneur

Lender interest: $1,066.05 at 3.23% annual rate over 22 months = $63.51

Service fee: $98.32

Lenders

S

Snick

Halle, Germany

Kylie

Mount Martha, Australia

KivaTom

Tillamook, Oregon, United States

J

jozua

Delft, Netherlands

sebastienrosa

Quebec, Canada

Svenip

Vienna, Austria

T

Timotte

WOLLONGONG, Australia

keagan

Saskatoon, Canada

Limeleaf

Toronto, Canada

Pierfausto

Rome, Italy

Sundstroms

Falun, Sweden

L

ldworld

Idaho, United States

pentatonicscale

Niiza-shi, Japan

Namaste250

Pittsford, United States

S

Simbaz

Torino, Italy

S

Southern

Oberursel, Germany, Germany

JC

Jordi Cohen

New York, NY, United States

Falconet

Lisboa, Portugal

W

WinWinNL

The Hague, Netherlands

iamdaimo

London, United Kingdom

Sarasota

Sarasota, Fl, United States

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