Kenya




This Loan
100% Repaid


Disbursed Amount: $973.20
Date Disbursed: Nov 24, 2011
Repayment Status: On Time
Repayment Frequency: Monthly Projected Term: 18 months
Cost of Loan: $86.27
Show Cost Details

Cost of this loan

Lender Interest: $973.20 at 0.91% annual rate over 18 months = $13.28

Service Fee: $973.20 at 5% annual rate over 18 months = $72.99

Total Loan Cost:
$13.28 + $72.99 = $86.27

Cost paid to join Zidisha

Upon joining Zidisha, Sammy paid a lifetime membership fee of $0.00.

Sammy also deposited $131.12 into the Zidisha Members Loan Fund as security for lenders against default. Sammy may withdraw the Members Loan Fund deposit at any time, as long as all outstanding loan amounts are repaid to lenders.

The cost paid to join Zidisha is only paid once and entitles Sammy to raise an unlimited number of loans at zero interest. Learn more


Story
About Me

MY names are Sammy Kanja Nganga born in kandutura village, Rongai division, Rongai district of Nakuru County,in 1976,grew as other children in African .I was born with ten other sibling. 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 . Later Nakuru High where i successfully completed secondary Education , 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   18      Neutral   0      Negative   0     

  • helogr53     Feb 28, 2016

    Positive

    Great to see that your new loan is fully funded, Sammy! You are truly an inspiration and I feel honoured to be part of your lender team!


  • camilberlin     Feb 24, 2016

    Positive

    Paid back fully, and despite of some hardships on time (after slight rescheduling.) On top of it has been a volunteer mentor and needed the loan in the first place because helping his folks more than asked for. Recommended, would lend again! (in fact I just did)


  • Sunnyside     Feb 24, 2016

    Positive

    Great steady repayments - I shall be supporting your next loan.


  • KirstenShute     Feb 1, 2016

    Positive

    Sammy Kanja repaid in full on a mostly consistent schedule - moreover, he posts frequent updates and plans his business carefully. Great job!


  • JimVandegriff     Jan 25, 2016

    Positive

    Good, long-term repayment of this loan. Thanks!


  • nicole     Jan 24, 2016

    Positive

    Sammy paid ahead of schedule. I would be happy to lend to him again!


  • PaulE     Jan 24, 2016

    Positive

    Very Reliable borrower and hard worker who cares about others before himself!


  • 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

Denver,  United States

marycb

United States

Hilke

Bremen,  Germany

AWOL

Usa,  United States

melliecarma

Portus Town,  Germany

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

New Jersey,  United States

Spock

Koeln,  Germany

Bena

Winnipeg,  Canada

Sammy Kanja
Romgai, Nakuru, Kenya

100% Repaid