Christopher Karanja

Kiptangwanyi Centre Nakuru County, Kenya

100% repaid

Entrepreneur

Name

Christopher Karanja

Member since

August 2011

On-time repayments

97 installments  •  61%

About Me

I am 34 years old, married with four children, three of them are schooling. I live in Kiptangwanyi centre, Kiambogo division, Gilgil District, Nakuru county. I am a businessman,. I started as a boda boda operator, where I switched to puncture repairing. I started the business in this area after I realized that the area had a problem in addressing the issue of punctures. I use my earnings to improve on my business since I dont have an opportunity where I can get enough cash to expand my business.

My Business

My business is located at Kiptangwanyi shopping centre. kiptangwanyi centre is located at 41 km from Nakuru town which happens to be our nearest major centre. the shopping centre is about 12km from Elementaita trading centre which is mostly known as it was a colonial shopping centre. Kiptangwanyi is in Nakuru county, Gilgil district, kiambogo division, Miti Mingi location, Kiptangwanyi sublocation. My business is near the matatu stage in Kiptangwanyi shopping centre. My business entails the services of repairing punctures for motorbikes, vehicles and even bicycles. There is very high demand of this service since the area is remote, the roads are poor and we are also far away from town making this services very crucial in this area. Customers prefer my services since I offer unique, quality services and at a fairer prices as compared to my competitors. The business is profitable since there are so many boda boda operators in the area making the business profitable. The problems that my business face are lack of more advanced facilties, high prices of crude oil products that I use to operate my air compressors machine. My monthly costs include rent, water, fuel and transport costs. I would be glad if Zidisha would assist me in improving and expand my business since cash is a problem that has been limiting my future plans of expanding this business that I rely much on in order to earn my daily needs for myself and my family.

Loan Proposal

Dear Zidisha lenders,
Thank you for making me able to improve my business through the first and the second loan that you have given me. I would now like to use this third loan that you are going to give me to do the following. i wish to buy hand drilling machine. This machine is used in drilling holes in metals. It will be very essential in my welding business and this will make me extend my services to my customers. i also would like to add more stock in my business. Thank you all for your continued support in improving our lives. May God bless Zidisha and all the team.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$496.37

Date disbursed

Jun 16, 2013

Repayment status

On Time

Projected term

10 months

Cost to entrepreneur

Lender interest: $496.37 at 0.77% annual rate over 10 months = $3.49

Service fee: $15.83

Lenders

Feldborg

Stuttgart, Germany

Brian

Midhurst, Canada

valentin

Stockholm, Sweden

torelizer

Reggio Emilia, Italy

Kylie

Mount Martha, Australia

BrassHat

Boston, United States

SKWAW

SHANTY BAY, ONTARIO, Canada

nicole

Worcester, Ma, United States

KyRoamer

Louisville, Kentucky, United States

B

Brandon

Colorado Springs, United States

B

Benoit

Paris, France

indeh

London, United Kingdom

captainhappy

Gladstone, Australia

Sunnyside

Stafford, United Kingdom

M

mtaylor

Houston, United States

N

Norin

Germany

colochef

Montevideo, Uruguay

M

montimus

Lenah Valley, Australia

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