David Ndegwa

Rongai, Sawasawa Village., Kenya

4% repaid

Entrepreneur

Name

David Ndegwa

Member since

September 2011

On-time repayments

24 installments  •  38%

About Me

I was born in 1972 in Lenginet village Rongai District in Nakuru county. I joined primary education in 1976 at Lenginet Primary school. After completing my primary education in 1984 I didn't continue with the secondary education due to lack of school fees.
In a year time I helped my parents at garden work where they were very happy about my work and they decided to take me to a bicycle repair course. After completing my course of two years time, I started my business in 1988. I liked the business because the bicycles were many in the area as means of transport. What I got from my business help me to build up as far as the young person is concern. I was very tied because of work daily and this forced me to get married in order to get someone to help me. This was in 1994 when I got married to Beth Ndegwa and we have been blessed with 3 boys only and we are happy with what God has given us. I live in a rental house which is opposite Rongai Girls Secondary School. It is 1 km from Rongai town. The house is few meters from Molo River.

My Business

My business name is RIZIKI MOTO-BIKE REPAIR situated in Rongai town, Market street near Lenginet inn building Nakuru county. Due to new technology of transport I shifted from Bicycle to Moto-bike repair. The interest thing is that, I didn't go for any mechanical course. Because of my good service and customer relationship 3/4 of Rongai Moto-bikes( Boda-boda) comes to my garage and the rest 1/4 goes to other garages. What I get daily I manage to pay 2 casual [email protected] 300/-EACH DAILY, Paying of house rent for business and residential, buying spares parts among others.

Loan Proposal

For my business is one step be hide, i intend to purchase more stock to the business.The a mount will help me to open a new shop next to the previous,because the current is very small.This will enable me to employ more casual worker sand to a tracked more customers than the previous.My wife will also participate to business because she has also the skills in motor/bike which she took from me.I am very happy because my family will be at the second step.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,445.66

Date disbursed

Sep 24, 2012

Repayment status

Late

Projected term

16 months

Cost to entrepreneur

Lender interest: $1,445.66 at 3.01% annual rate over 16 months = $61.28

Service fee: $70.17

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