Samwel Kimani

Kiptangwanyi, Kenya

68% repaid

Entrepreneur

Name

Samwel Kimani

Member since

October 2011

On-time repayments

17 installments  •  12%

About Me

I am married and have five children, four of them are schooling. I live in Kiptangwanyi tading centre which is about 42km from Nakuru town. Kiptangwanyi is in Gilgil District, Kiambogo division.I live in my own plot number 850 where my business is. I started a small business where i earn my living in the year 2003. this is where I rely wholly on my living as well as where I meet my family needs from.

My Business

My business entails a posho mill, a welding and battery charging machine. I combined this business together and operate all of them under one roof. there is high demand for the services I offer as I offer several of them under one roof. I also charge my customers slightly lower prices than my competitors making them prefer my services. the main challenges that I encounter in my business are high cost of electricity and frequent power rationing. Currently I am saving some money to buy a generator that will be acting as a backup when there is a power blackout.

Loan Proposal

I would like to purchase a generator that will be acting as a backup for power during the time of power blackout. Since all my machines, i.e the poshomill, battery charging machine and welding, use electricity, I have been losing a lot of money during power interuptions which is so common in this area. I will be very glad if I will be enabled to purchase a generator through the loan that I will be granted by Zidisha and utilize my opportunity of offering the services that I offer to my customers in my business to the fullest.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$253.57

Date disbursed

Nov 11, 2011

Repayment status

Late

Projected term

18 months

Cost to entrepreneur

Lender interest: $253.57 at 3.48% annual rate over 18 months = $13.24

Service fee: $15.48

Lenders

joerg

Berlin, Germany

A

Anninymouse

Southampton, United Kingdom

BM

Benedicte Monroe

Sarasota// Phnom Penh, United States

M

mikedufty

Perth, Australia

F

fabian85

Uppsala, Sweden

Feldborg

Stuttgart, Germany

EricDWalters

Rochester, Mn, Usa, United States

J

jeanbaptiste

*, Afghanistan

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