Equipment buying

Daniel Karanja

Nairobi, Kenya

Funds disbursed

$0 to go

100% funded of $96 goal

0

days left

Entrepreneur

Name

Daniel Karanja

Member since

August 2017

On-time repayments

14 installments  •  50%

About Me

My name is Daniel Karanja,a prolific businessman in Nairobi.Am a holder of a bachelor degree in Economics from the university of Nairobi.Married with two children though i acquired one through adoption.i was able to start my business through funds that i had saved while i was in the university since i used to practice modern day agriculture.my farm was well managed and cultivated thus it provided my fees and also for the savings.through a very humble beginning,The business has grown with time.after paying taxes,i use my profits for reinvesting in the business,school fees for my children as well and at times i visit various children homes and give my support even though little.i started my business with a capital of Ksh 40000 and it has grown with time and is now worth Ksh.383000

My Business

it's an upholstery business where I sell fabrics,cushions, mattresses,webbings, fiber,foam chips,sofa legs and shoe tacks as well.the business is our main source of income though I do practice agriculture upcountry which also brings more income

Loan Proposal

With the loan,I will buy a machine for measuring length fabrics and velvets, just to replace the old since it is slow and faulty and it makes me lose business at times.The machine will cost me about 50 dollars. with the new machine there will be more business since there is no customer who will leave the premises unattended. with the remainder of the money,I will add more stock to the business and with that,the business will generate more income

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$96.24

Date disbursed

Dec 25, 2017

Repayment status

Late

Projected term

7 weeks

Cost to entrepreneur

Service fee: $4.26

Lenders

PaulE

Cockeysville, MD, United States

AltruisticSelfishnes

Chicago, United States

birtom

Ettlingen, Germany

G

glh25

Winooski, United States

M

Moonknight

Østre Gausdal, Norway

ibc123

Seattle, United States

C

Clben7

Cincinnati, United States

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

Dave Bogard

New York, United States

Jake Badger

Roskilde, Denmark

Kevin

San Francisco, United States

ME

Manaal Eisa

Washington DC, United States

Paul Buchheit

Mountain View, United States

HL

Harris Lin

New Zealand

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