103 installments • 71%
My name is HENRY MWANGI NDIRANGU. I am married with three children. My business is situated at Karunga Shopping centre, from Nakuru/Nyahururu road as you reach a centre called Maili Saba. You branch to your right take a rough road go past St. John’s secondary school, then from their to Karunga Centre. I live at Bahati Scheme, 2 KM from Karunga Centre. If you ask for Baba Ndirangu you will be brought at my home.We live in Karunga centre where we boarder the bahati forest and so the place is very productive due to the rainfall through out the year.
I am a mechanic (motorbike repairer) I have garage by the name MWERERI GARAGE. I also sell motorbike spare parts e.g rubber tubes, clutch cables, rings, spotlights bulbs, break shoes e.t.c. Is a good business since in our area motorbikes have become the best economical, efficient mode of transport. Due to lack of unemployment youth have engaged in a business of carrying passengers to and from the village(boda boda) Due to rough road many bikes get problems and there I get business by repairing them. From my business I get about Ksh. 30,000 per month that is Ksh. 360,000 annually. Risks that my business faces are rain and hot sun shines and lack of some spare parts since I am far from Town centre.
i would like to thank the zidisha team and the lenders for the good work they are doing they have already given me the first loan and awaiting is the second. For the first loan it helped me so much to uplift my business and it gave me good profit which have helped me to raise the standard of my family. I promise to do my best in my business to able to take the money back in time.
Thank you so much.
Oct 7, 2013
Cost to entrepreneur
Lender interest: $1,036.07 at 3.86% annual rate over 11 months = $38.10
Service fee: $34.85