Samuel Mburu

Nairobi, Kenya

68% repaid

Entrepreneur

Name

Samuel Mburu

Member since

April 2012

On-time repayments

6 installments  •  67%

About Me

I am 46 years old, I have a form our level of education and I Live and work at Ongata rongai n outskirts town of Nairobi where I operate a small workshop where I do repair and sell second hand radiators. I started this business ten years ago after being fired from where I was working in a radiator factory which closed down. this business has helped me educate and feed my small and happy family.

My Business

My business Is a sales and service business I sell second hand radiators which is source from the capital city of Nairobi and I repair broken ones. The location of my business favours my customer who find my accessibility open as I am near the main road . this has brought many customers making my business possible as I offer best services due to experience doing this work for many years and that makes good sales which brings good profits and there is still space for expansion as I am unable to satisfy all customer needs.The challenges I face are upcoming businesses and some times I don't get the supplies but I have developed a mechanism to counter this.

Loan Proposal

I want to buy some radiators and electrical fans as the demand is high due to the rains this season. the amount requested will buy about 5 radiators and 5 Fans which i want to add to the stock i have.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$305.16

Date disbursed

May 14, 2012

Repayment status

Late

Projected term

6 months

Cost to entrepreneur

Lender interest: $305.16 at 4.05% annual rate over 6 months = $6.18

Service fee: $5.20

Lenders

BM

Benedicte Monroe

Sarasota// Phnom Penh, United States

JB

James Broderick

Cobham, United Kingdom

EricDWalters

Rochester, Mn, Usa, United States

B

Bizu

Berlin, Germany

Rdcmole

Cincinnati, United States

Honey

Sydney, Australia

K

Kerkeslager

Richmond, United States

Raoul72

Naarden, Netherlands

S

sersub

San Diego, United States

P

pieces15

Grand Falls-Windsor, Canada

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