Samuel

Athi-river, Kenya

52% repaid

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Entrepreneur

Name

Samuel

Member since

January 2014

On-time repayments

72 installments  •  29%

About Me

I am Samuel Ndirangu.
I am the last born in a family of 4.I was born and brought up in Nyeri county 29 years ago.
I studied in the local schools and i managed to score a grade of C plain in my high school exams.
I decided to relocate to Athi-river about 4 years ago where i reside upto date.I do casual jobs and concentrate much on my business.
I got married about 2 years ago and I am blessed with a baby boy called Leon.
I decided to make my own money and the entrepreneurial drive in me made me start my own business which entails selling of second-hand clothes locally known as 'mitumba'.
I normally buy the clothes at a famous market called 'Gikomba' like 2 times a week.
I buy at a price of around kshs. 8,000 and make the sales from the same of around kshs. 10,000.
In a good month,I make sales of upto kshs. 25,000 and a profit of kshs. 10,000 ( roughly 120 dollars)

My Business

I will use the money I get from my sales to repay back the loan.
There is always demand for my clothes because of the good location and the favorable price.having stayed for over 4 years in this area,I have a good network of friends and they help in marketing my business by the quality of clothes I sell to them.
The business is profitable to the fact that I never sell any type of clothe at the same price i bought it at.There is always a risk in terms of people not paying in time (those I sell in credit terms) and others not paying at all due to financial constraints.
I will invest all the money in buying more stock and building a better stall where I wait for my customers.
With the sales stated above and the amount I get monthly as profit of upto $ 120,I will comfortably repay the loan.

Loan Proposal

I will now buy my clothes in bales which will make me concentrate more on the sales rather than on the road getting several pieces from 'Gikomba' where I normally buy.
By Lenders giving me the loan,it will be a big boost to my business and even the customers will be more attracted by the increase of varieties and stock.
I will also change the face of my stall to give a better diplay than how it is right now.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$141.00

Date disbursed

Feb 14, 2014

Repayment status

Late

Projected term

17 months

Lenders

MaxEmerika

Sonoma County, California, United States

Zidisha

Sterling, United States

M

mkellerman

Shanghai, China

Levi

United States

Sarasota

Sarasota, Fl, United States

A

Anonymous

United Kingdom

C

cranejoad

cazenovia, United States

Matching Fund

Sterling, United States

A

Anandasurian

Malaysia

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  • Dickson    Apr 29, 2015

    Ndirangu went unreacheed again since last so not very sure what happened and most of his contacts are still not able to reach him too. But hopefully I get his whereabouts and update you.Thank you for your patience.

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  • Dickson    Mar 17, 2015

    Hello our lenders, its too bad that Ndirangu still can not be found on his phone and even the community leader contacts has been removed. Trying to reach him through other contacts they don't seem very coperative save one who promised to try reaching him this week and let me know about his status. Wil keep posted when I hear of anything. Thank you for your patience!

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    • Dickson    Mar 17, 2015

      GOOD NEWS AT LAST .One of his contacts reached me with allegation Ndirangu was out of the country. So now that he is back he will embark on repayment. Thank you!

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      • Dickson    Mar 17, 2015

        Ndirangu called to ask for repayment number so hopefully he is serious

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  • Dickson    Feb 9, 2015

    Hello lenders, I talked to first family member on phone after trying to reach the Samuel on phone without much success. She promised to reach him and give me feedback as soon as she can. Thank you and so sorry for inconveniences caused.

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  • Dickson    Dec 31, 2014

    Hello Lenders, unfortunately Samwel has not honored his promise since last. But when I called him he once more promised to work towards clearing that balace as soon as possible. So I KINDLY BEG FOR YOUR PATIENCE AS WE WAIT TO HIM HONOR THE PROMISE. tHANK YOU

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  • Dickson    Nov 29, 2014

    Talked to Samwel over the phone and he says he will be clearing the balance soon . So hopefully we be patient and look forward to that our lenders. Thank you.

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  • Dickson    Aug 7, 2014

    Talked to Samwel, as I am the VM and he said he is doing great and will be sending his money soon. Thanks all lenders for your patience and understanding.

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  • Dickson    Jul 11, 2014

    Just called Samuel and he claim that he had lost the the payment number. I just resent him the repayment instructions so hopefully he will be repaying soon as he says his business is fine.

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  • Dickson    Jul 8, 2014

    Hello lenders I have just talked with Samwel and he said he is doing good he will be senting his repayment soon. Its just that he had some slight delay in maturity of his checks. Thank you!!

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  • Dickson    Jun 23, 2014

    Hello Lenders, I am the volunteer mentor of Samuel Ndirangu, I talked to him and he has just sent some money to repay the loan. Thank you for patience and understanding. He says he had some difficulties but he is now getting relieved somehow. Thank you oncemore.

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  • Samuel    Apr 28, 2014

    Hi

    I have had a very tough time to the extent of being hospitalized but I am now doing great.
    I am back to business and I will work extra hard to make sure things are back to normal.
    I promise to continue repaying my Loan and even repay earlier to maintain a clean credit record.
    You have really supported me and promise all the Lenders that i won't let you down.


    Thank you

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  • Samuel    Apr 28, 2014

    It was a tough time for me and was out of business for a while due to some medical complications.
    I am now ok and promise to continue with the loan repayment

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  • Dickson    Apr 24, 2014

    Hello Lenders, I am Samwel's VM. I Talked to him on phone, he says he was not feeling well, but he has since recovered and promises to start repaying it soon

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  • Samuel    Apr 8, 2014

    I am progressing well

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    • Dickson    Apr 15, 2014

      That's good to hear Samuel, kindly ensure you clear your arrears

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  • Samuel    Feb 14, 2014

    I do appreciate all Lenders for your financial support.
    I won't let you down and promise to re-pay back the loan

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  • Samuel    Feb 11, 2014

    I am patiently waiting and thanks for the Lenders so far

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