Mary Mwangi

Kiptagwanyi Center, Kenya

100% repaid

Entrepreneur

Name

Mary Mwangi

Member since

February 2013

On-time repayments

92 installments  •  75%

About Me

mary nyambura mwangi is a mother of five children who are age between five and 12 year.i live in kiptagwanyi center which is about 43 kilometer from nakuru. i was born in kiambu district which is the one of 47 county in Kenya .i started my education in 1990 in kiambuu day school and complete primary education in 1998. i didn't join secondary because my parent could not afford to pay because of the poverty around our family. in 2000 i was married by my husband who we were bless with this children.my husband was having hide and skin business till today is his job ,if you ask any body about a person who buy skin and hide you will be shown by anybody in this area.i started this business after we discuss with my husband about me having a business that will also support my family.

My Business

my business entail in posho mill and a small shop. i started this after my husband and i discuss how i can be doing to help her in family need.this business is profitable because at this area many people depend in maize flour to make local food called [ugali] which is the local favorable food.many people prefer my business as i have also have a shop where she or he can buy salt or sugar for the family.many old mothers prefer my service because even if she don't have money i help them so that after getting money, she can repay me back.the main challenge is high cost of electricity, poor road communication between villages, high cost of living

Loan Proposal

dear lenders,i will use this loan in boosting my business ,i will buy about three bug of maize which i will convert it to maze flour to sell to my customers as this time is in a high demand,the lest of the money, i will use it in boosting my existing business and hope that i will made confidence to you lenders in repaying this loan as quick as possible and able to raise a bigger loan in future..

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.12

Date disbursed

Apr 4, 2013

Repayment status

On Time

Projected term

12 months

Cost to entrepreneur

Lender interest: $100.12 at 3.96% annual rate over 12 months = $4.09

Service fee: $3.60

Lenders

russell

leicester, United Kingdom

Sundstroms

Falun, Sweden

Namaste250

Pittsford, United States

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