Rose Karanja

Ongata Rongai, Kenya

100% repaid

Entrepreneur

Name

Rose Karanja

Member since

December 2011

On-time repayments

56 installments  •  59%

About Me

I am a single lady living with my younger sister and brother. We live in Ongata Rongai. I am a form four leaver, i sell building materials such as sand, building stones and ballast. I started the business to support my younger siblings in education after our parent passed on in 2005.I have been doing small business in ongata rongai for the last ten years. I have experienced running small enterprises and i have now moved to construction.with the previous loans from zidisha i have been able to expand my business and now i am able to take large projects.the loans have been of much help and i am planning on opening a small retail shop

My Business

My business involve buying materials in large quantity and selling them to people at their local disposal. my business is situated in a developing area making it preferable to others that are far from the construction site. The business is profitable because i deal with non-perishable goods and there is nothing to lose though sales delay. The business makes sales of ksh 50000 per month where ksh15000 is a profit.

Loan Proposal

I want to buy materials to boost my business. I intend to buy building stones worth KES 50000, and cement worth KES 30000. I will use kES 10000 to pay labor force to enable me complete the first phase of my project. After the first down payment i will reuse the money to buy sand, dressing stones, cement and labor. I promise to pay back the loan faithfully and on time.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,083.99

Date disbursed

Aug 9, 2012

Repayment status

On Time

Projected term

12 months

Cost to entrepreneur

Lender interest: $1,083.99 at 2.69% annual rate over 12 months = $29.24

Service fee: $37.47

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