Caroline Wanjiku

Mtwapa, Kenya

2% repaid

Entrepreneur

Name

Caroline Wanjiku

Member since

December 2012

On-time repayments

47 installments  •  17%

About Me

thank you so much my lenders for having funded my second loan on time. now am going to use this loan to open up another branch at a chosen site already so that i can put more staff and proceed on with my businesses.

My Business

Am a businesswoman operating a Mobile phone accessories shop and repair. My business is situated in Mtwapa town. Mtwapa town is a busy town with people of all ethnic communities.Mobile phone are now common in our everyday life. We are in a modern world where every uses mobile phones in all communications And that's giving us the best opportunity doing this business.With the high population of this area i find no much competition in my business I sell all types of phones. many people like to go with time and i have a good sale in the new and mordern screen touch model. Risks in my business include imitations, like when you get a fake brand. you loose customers.Well its a good business as i get a monthly income of ksh 35,000 per month. I use ksh 5,000 to pay my rent at my business shop. and ksh 3,000 to pay my residential home, ksh 10,000 on my children school fees. I save ksh 12,000 per month which i can use to pay my zidisha loan.My main objective is ti expand my business and be a big and leading phone shpo here in mtwapa. And that's why am requesting for this loan.

Loan Proposal

Hello, am so glad that i have been approved to post yet another loan application, this is so good to and my business as i will have good access to improve my business further. This is because i really had a good boost with my first loan, i was able to stock my shop and now am so happy that i have plenty of customers coming in everyday.With this loan i want to first add more stock and then open another shop elsewhere, so as to acquire more customers. Thank you so much for your assistance., may God bless you.

Show original English  

About Me

My name is Caroline Wambui Wanjiku born and raised in a remote village in the central part of Kenya. I live and do my business here in mtwapa, a first developing town in the coastal strip of Kenya.Am a married lady with two children, the first is a girl aged 15 years and in secondary school. the second one is a boy aged 2 years and is in KG1. All my children are in private school. It's very expensive but i want my children to have the best and quality education that i did not get.And for that reason is why i started engaging into business so as to achieve my goals My first child will be in her second secondary year next year. Life here is quite tough so one has to struggle and that's why i got into business.I do a great deal with business i do because in a good month i get a total revenue of ksh 35,000 per month. I use ksh 5,000 to pay rent at the shop, ksh 20,000 goes to my family needs and paying of school fees. I save the rest into my account.I use ksh 5,000 for food for my family, ksh 8,000 goes to my daughter's secondary school fees, ksh 2,000 goes to my last born son's school fees.I also use ksh 3,000 to pay for my residential huose rent.I save ksh 12,000 every month. I can use this to pay my loan.

My Business

Am a businesswoman operating a Mobile phone accessories shop and repair. My business is situated in Mtwapa town. Mtwapa town is a busy town with people of all ethnic communities.Mobile phone are now common in our everyday life. We are in a modern world where every uses mobile phones in all communications And that's giving us the best opportunity doing this business.With the high population of this area i find no much competition in my business I sell all types of phones. many people like to go with time and i have a good sale in the new and mordern screen touch model. Risks in my business include imitations, like when you get a fake brand. you loose customers.Well its a good business as i get a monthly income of ksh 35,000 per month. I use ksh 5,000 to pay my rent at my business shop. and ksh 3,000 to pay my residential home, ksh 10,000 on my children school fees. I save ksh 12,000 per month which i can use to pay my zidisha loan.My main objective is ti expand my business and be a big and leading phone shpo here in mtwapa. And that's why am requesting for this loan.

Loan Proposal

Hello, am so glad that i have been approved to post yet another loan application, this is so good to and my business as i will have good access to improve my business further. This is because i really had a good boost with my first loan, i was able to stock my shop and now am so happy that i have plenty of customers coming in everyday.With this loan i want to first add more stock and then open another shop elsewhere, so as to acquire more customers. Thank you so much for your assistance., may God bless you.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,501.93

Date disbursed

Nov 21, 2013

Repayment status

Late

Projected term

39 months

Cost to entrepreneur

Lender interest: $1,501.93 at 8.21% annual rate over 39 months = $408.97

Service fee: $173.75

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