Simon Waweru

Kiptagwanyi Center, Kenya

24% repaid

Entrepreneur

Name

Simon Waweru

Member since

December 2012

On-time repayments

203 installments  •  7%

About Me

my name is simon ngugi waweru of kiptagwanyi center, i was born and grow in kiptagwanyi and also go to school in this area.after completing my primary education i was employed by my neighbor in his cereal store where i work 12 hours nonstop also payment were small but because i was not able even to send my parent money as live in Nairobi was very hard. it came a time when my employer decide to have a cereal in my village town and because he know that i am from this village. he know well i was the best person to do his job in this village and also i know many people he can get more cereal by using me and also my relationship with the villager, so he send me to this store in the village to buy for her the product. after two year i was able to get a wife after working very hard in this store and also i stop to work in his store and start my own store using my salary that he was paying. and also from the support from my family.that is how i started this business.kiptagwanyi is about 43 kilometer from nakuru where we call it town because many business people get there product, also sometime i transport my cereal to this town because price there sometime is high and also when there is drought i go there to get this product to sell to my customer

My Business

my business entail in cereal in this area . i started this business after i bought my first bike and i was used in that business after i was recruited by a local businessman in this area.i was employed for about year and after collecting enough money to start this business i decide to employ myself. the business is profitable and the demand of my service is high in this area because many people know me after i was employed to buy for somebody store. also many people say that my measuring machine measure well not like other business .people .also sometime get money even if the product is not ready to be harvested so that after harvest i will take it but the person have done what he or she have intended with the money.the business is profitable if you made a good relation with the farmer.the main challenge is lack of adequate finance to buy more cereal to transport to the other profitable market. also poor road in the area like the time of the rain which make road inaccessible by lorry.also high price of commodity in this country that accelerated by inflation

Loan Proposal

Dear Lenders,
Its another new year i take this chance to thank you all for the far you have brought me and my family especially through boosting my business through the financial loans you have offered me. i am pleased that you have given me another chance to post a loan on Zidisha website. I wish to use this loan to purchase a new motorcycle to help me in my day to day work. I also wish to add more stock in my business with the remaining amount. Thank you for your continued support.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,229.53

Date disbursed

Jan 16, 2014

Repayment status

Late

Projected term

45 months

Cost to entrepreneur

Lender interest: $1,229.53 at 11.88% annual rate over 45 months = $553.37

Service fee: $164.40

Lenders

Brian

Midhurst, Canada

Kitty

Hailsham, United Kingdom

tycho

Madison, WI, United States

S

Simmo

Sydney, Australia

P

ploeger

Perkasie, United States

M

m_dennis

Toronto, Canada

Kjartan

Oslo, Norway

A

anonymus

Moon, United States

J

jjonas

berlin, Germany

B

Bavarian

Bavaria, Germany

Sundstroms

Falun, Sweden

W

Walker

San Antonio, Tx, United States

Quentin

Toronto, Canada

SHRFamily

Vancouver, Canada

MicroFinancier

New York, United States

D

Dadiolafs

Vestmannaeyjar, Iceland

Namaste250

Pittsford, United States

mewesten

Waynesboro, United States

B

BGRRisz

Arlington, United States

C

CheapThrills

Liminka, Finland

T

tkromm

Agia Paraskevi, Greece

Ingela

Falun, Sweden

K

KennaMumford

Salt Lake City, United States

Bobrm2k3

Charleston, United States

RookCarmain

Coquille, United States

joaoferraz

RINCHOA, Portugal

F

fundfinite

Wellington, New Zealand

Thilo

Germany

C

CZC

Lake Zurich, United States

C

CorVeninga

Nieuwegein, Netherlands

D

DanRussell

Brighton, United Kingdom

HealthcareProvider

Baltimore, United States

C

cazz14

dunedin, New Zealand

C

Clben7

Cincinnati, United States

A

Armeij

Veendam, Netherlands

D

davethieben

Dayton, OH, United States

P

Pcuser152

Christchurch, New Zealand

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