Kenya




This Loan
100% Repaid


Disbursed Amount: $971.00
Date Disbursed: Nov 24, 2011
Repayment Status: Early
Repayment Frequency: Monthly Projected Term: 18 months
Cost of Loan: $86.08
Show Cost Details

Cost of this loan

Lender Interest: $971.00 at 0.91% annual rate over 18 months = $13.25

Service Fee: $971.00 at 5% annual rate over 18 months = $72.82

Total Loan Cost:
$13.25 + $72.82 = $86.08


Story
About Me

MY names are Sammy Kanja Nganga born in kandutura village, Rongai division, Rongai district,in 1976. I am married to one legal wife according to the traditional Agikuyu customs. I'm blessed with four kids, 3 boys and a girl.The girl is the apple of my heart. I started schooling in 1982, in a remote primary school called Kandutura primary school . After I dropped out of school because of lack of fees , I started a business to earn a living and support my family.

My Business

I provide some services using a donkey pulling cart, my cart is pulled by three donkeys . I offer transportation to people and goods from the farm to the market and from the market to the farms. Most people prefer the services I provide, as a pulling cart can be used in different conditions of roads where vehicles cannot pass.The business is profitable as it only requires one to feed the animal well most oftenly. Risks include tire punchers, and death of donkeys due to pest and diseases attacks and changes in weather. In a month I usually use approximately of four thousand Kenya shilling to maintain a pooling cart and the donkey. I normally deworm the donkeys regularly and to buy some feeds additives to supplement their daily feeds. After providing the services and maintaining the pooling cart I normally get a profit of sh.10,000 that is the total earning 14,000 sh (minus4,000 expenses) in order to get the above profit.
I’m normally situated in a place called Waka centre where most farmers and business men and women who come for the service .On average I charge about kenya shillings 500 on any customer who hire my cart to transport his goods to his place of destination .At times I charge about 1000 shillings if the goods have to be taken for a distance that is greater than 8 kilometres .If given a loan, I can buy new tubes and tyres for the wheels and buy much more feeds to keep my animals strong and healthy.

Loan Proposal

I would like to buy 2 new donkey carts for sh 60000, 4 new tyres for sh5000 each totaling 20000.I desire as well to buy 4 donkeys each at sh 5000. I would like to dispose the old cart as soon as the bidding is over.I also desire to sell the donkeys and buy younger ones that are generally stronger and energetic.I aspire to get a kill with every thing being new as this is the peak of the harvesting season.I have managed to save sh 15000 THIS FAR DUE TO YOU LENDERS. THANKS.


Feedback
Positive   11      Neutral   0      Negative   0     

  • artnking     Apr 8, 2014

    Positive

    Great borrower. Best wishes!


  • hugh1     Dec 6, 2013

    Positive

    This 3rd loan was repaid in full as normal with Mr Kanja. Thank you very much.


  • chkuo     Oct 21, 2013

    Positive

    Great borrower, thanks and good luck!


  • LaurenR     Apr 18, 2013

    Positive

    Great borrower-kept us in the loop and repaid in full!


  • mikedufty     Nov 18, 2012

    Positive

    Paid early.


  • marycb     Sep 26, 2012

    Positive

    Well done, repaying your loan early and growing your business.


  • Bena     Sep 24, 2012

    Positive

    Sammy is definitely a good investment because he paid back the loan so quickly. I'm more than willling to re-invest in Sammy's ventures if he ever needs to borrow again.


  • Spock     Sep 20, 2012

    Positive

    Paid back in full and ahead of schedule. Thank you and good luck!


  • melliecarma     Sep 13, 2012

    Positive

    to be honest i invested in your loan because of your laughing face and, above all, i found your donkeys so cute. =;-) sadly, no donkeys any more around here in germany... =8-(

    mr. kanja repaid the full loan amount in 2012 although the set date would have been in 2013. well done, sammy! so business must have been good, congratulations! ah, by the way, give your donkeys an extra pat from me, will you? in fact they are your most valuable co-workers, they deserve it!


  • Bena     Sep 1, 2012

    Positive

    Mr Kanja repaid his loan in full. I will loan to him again without hesitation.


  • Julia Kurnia     Oct 12, 2011

    Positive

    Mr Kanja repaid his loan over a month early, and posted some interesting comments while his application was fundraising. I would have appreciated comments on the impact of the loan after it was disbursed. However repayments were made regularly and on time, and I'd be happy to lend to Mr Kanja again.


Lenders
LaurenR

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marycb

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Hilke

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qt9998

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melliecarma

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Feldborg

Stuttgart,  Germany

Delph007

Den Haag,  Netherlands

Dianne

Maryville,  United States

mikedufty

Perth,  Australia

marieb

Zürich,  Switzerland

smonroe

Stanford,  United States

slevon

Hemsbach,  Germany

Sideburnjack

Denver, Co,  United States

Ishaque

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Spock

Koeln,  Germany

Bena

Winnipeg,  Canada

Sammy Kanja
Romgai, Nakuru, Kenya

100% Repaid