Monica Njoki Mwangi

Nafaka Rongai, Kenya

88% repaid

Entrepreneur

Name

Monica Njoki Mwangi

Member since

May 2012

On-time repayments

38 installments  •  63%

About Me

I was born in 1978 in Rongai district in Nakuru County. My first school was Kandutura primary from 1986 to 1993 after doing my primary certificate level. I didn’t manage going to secondary school because of school fees. I stayed at home for 3 years helping my parents after which I was employed as a house maid for 2 years. I got married after leaving the maid work. We have been blessed with 4 children, a boy and 3 girls.

My Business

BUSINESS HISTORY.
After marriage, I was permitted by my husband to keep a retail shop where I do get financial support. I struggled from very little stock of Kshs 2000 and now I praise God because my business has grown from tha range to over Kshs 150,000. My business is in Nafaka face II which is 1KM from Rongai town on your way to Kandutura just after crossing Molo river.

Loan Proposal

i will use the loan that i will get to add more stock to my retail shop and by doing so i will be able to attract more customers and also i will add stocks that were not available to my shop so that to allow my customers to buy everything without looking elsewhere for them,also i will subdivide the remaining money and invest them wisely in coming time of stocking.

Feedback

6

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,338.77

Date disbursed

Aug 6, 2013

Repayment status

Late

Projected term

26 months

Cost to entrepreneur

Lender interest: $1,338.77 at 2.08% annual rate over 26 months = $60.41

Service fee: $103.71

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