Simon Mwangi

Kiplobe Village, Kenya

100% repaid

Entrepreneur

Name

Simon Mwangi

Member since

December 2011

On-time repayments

304 installments  •  66%

About Me

I am 38 years of age married with 7 children. 3 girls and 4 boys. I reached form four in education. I live in Kiplobe farm in Lenginet location Rongai division Rongai district Nakuru county. After my secondary education I decided to venture into a tree business in order to cater for my daily living and able to provide to my family.

My Business

Because of our group of bee keeping I saw it better to start a tree nursery because the members were encouraged to plant trees and I took that chance of selling the trees to them. Nowadays I am selling to people from my division and I am very of this business of which dont like it because it has a lot of work. I normally sell each tree at 15 kshs and I can sell up to 100 tees daily. an average of 1500kshs daily. The only risk of this business is during the dry season .
The business is now doing well despite the challenges.

Loan Proposal

For the past two loans I have been using it to expand my tree nursery business which has been doing very well. This third loan will enable me to have more seedlings in various locations where each and every person in the community can access easily. I still need to increase types of trees according to the people's choice. Since the business is doing well I do plan to include some of flowers which people are getting concern about them. By planting these flowers and trees seedlings I am sure that I will reach to many and bring beauty to the community.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,291.50

Date disbursed

Nov 11, 2013

Repayment status

On Time

Projected term

24 months

Cost to entrepreneur

Lender interest: $1,291.50 at 1.10% annual rate over 24 months = $29.32

Service fee: $92.98

Lenders

BM

Benedicte Monroe

Sarasota// Phnom Penh, United States

AWOL

USA, United States

torelizer

Reggio Emilia, Italy

Kylie

Mount Martha, Australia

M

magmax

Vienna, Austria

T

Tallago3

Munich, Germany

Cordula

Cologne, Germany

BrianHibbs

South Bend, United States

P

PascalC

Leuven, Belgium

H

hanh352

Homosassa, United States

Pierfausto

Rome, Italy

SHRFamily

Vancouver, Canada

amovida

Central valley, ny, United States

P

Pelle

Ragusa, Italy

B

bugsheep

Houston, United States

E

elhanan

Columbus, United States

M

Mårten

Inden, Switzerland

H

Hello

Salisbury, United Kingdom

G

Goodwill

Oakland, United States

T

tuttifrutti

tulare, United States

HaveMiles

California, United States

P

Prysdahl

Marshall, United States

O

Oktober

North Kingstown, United States

MillerClark

London, United Kingdom

S

Southern

Oberursel, Germany, Germany

V

Valis

Singapore, Singapore

IM

Isak Maaseide

Tromso, Norway, Norway

W

willemsenphilippe

Edegem, Belgium

N

Navigator

Alavus, Finland

G

greendave

Manchester, United Kingdom

A

albert

Barcelona, Spain

Hedwich

Gorssel, Netherlands

Falconet

Lisboa, Portugal

J

Justicar007

Longueuil, Canada

silyara

United States

Sarasota

Sarasota, Fl, United States

stever

Cape Coral, United States

Kristrun Tinna

Reykjavik, Iceland

G

Galbania

Toowoomba, Australia

Grant Xavier Storer

Seattle, Wa, United States

Ask Simon a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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