Elijah Mwangi

Ongata Rongai, Kenya

100% repaid

Entrepreneur

Name

Elijah Mwangi

Member since

August 2013

On-time repayments

187 installments  •  72%

About Me

I am 30 yrs old married with three children of school going age. all in school.I have a form four level of education and i live and stay in ongata rongai an outskirt town of Nairobi. i started my business Five years ago to make a living after being in informal employment my monthly income of about 37000 i am able to educate and feed my family and support my parents. I have a dream to improve myself financially as i know i have not fully attained my financial capabilities.

My Business

I am a motorbike taxi rider where i ferry people from Kware bus stage in ongata rongai to and from their homes. there is high demand for such services as the homes are very far from the main road and bus stage and some interior roads are not accessed by cars. i have many customers due to my experience maturity and characters people trust me unlike my competitors who are younger than me. The business is profitable as the cost of running a motorbike are very low and easy to manage as it deals with direct contact with the customers who are your employers

This loan amount am applying will be used to produce milk product e.g
Yoghurt , cheese , $900 for stock and $600 to produce cheese.

Kindly regand
Elijah mwangi

Loan Proposal

I am so grateful for the last Zidisha loan that has helped my business grow tremendously. I am seeking another loan to buy core stock such as wheat floor bales, cooking fat jerrycans among other fast moving goods in December. I need to buy this goods before December before their prices go high. With the stock, I can be able to make a good profit in the start of December and buy more stock in preparation for the Christmas festivities which is normally a high (peak) season for my business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$305.11

Date disbursed

Dec 9, 2013

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Lender interest: $305.11 at 4.16% annual rate over 4 months = $4.58

Service fee: $3.89

Lenders

Silver

Steiermark, Austria

MaxEmerika

Sonoma County, California, United States

Pierfausto

Rome, Italy

Sundstroms

Falun, Sweden

juliemartha

Lake Mary, United States

Bobrm2k3

Charleston, United States

L

Leonora

TÄBY, Sweden

H

howard

Vence, France

Sarasota

Sarasota, Fl, United States

Giucca

Indjija, Yugoslavia

dmirpuri

Bangkok, Thailand

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