David Kimathi

Bahati, Kenya

100% repaid

Entrepreneur

Name

David Kimathi

Member since

June 2011

On-time repayments

123 installments  •  56%

About Me

Iam david njuguna kimathi. I stay in bahati centre in nakuru north district. Iam married with five children. i have four girls and one boy. The first born is in standard eight while the last is in pre-school.

My Business

I have a shop at Bahati centre. I am a general merchant. The profit per item is small but since i sell a variety of things then i make some good profit at the end of the month. I also keep sheep which i sell once in a while when they produce the young ones. I also do farming in my shamba. The produce is used for the family upkeep and the surplus is sold for commercial use. The farm produces maize, beans , cabbages, carrots, spinach, kales, potatoes and others. All these take about 3 months to mature except maize and that enables me to harvest 2 to 3 seasons. This increases my produce and enables me to sell more. Poultry farming is the other farming that i undertake. This provides my family with eggs and meat and also some money from the sale of the same in the market.

Loan Proposal

i intend to increase the stock of my shop and also include a wholesale section because the demand for this is high with fast growing centre due to the upgrading of it to be the district headquater.

Feedback

15

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$595.18

Date disbursed

Jun 30, 2011

Repayment status

On Time

Projected term

12 months

Cost to entrepreneur

Lender interest: $595.18 at 2.02% annual rate over 12 months = $12.02

Service fee: $20.76

Lenders

rebecca

Chapin SC, United States

J

jeffb

United States

A

Anninymouse

Southampton, United Kingdom

C

CWS

Huntington beach, ca, United States

M

mikedufty

Perth, Australia

E

Errol

Bradenton, FL, United States

neffe

Berlin, Germany

S

susa

Forchtenberg, Germany

C

Christian

Saarbruecken, Germany

CatholicNetworking

Galway, Ireland

S

sendai

Saint Paul, United States

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