Henry Mwangi

Bahati Scheme, Kenya

100% repaid

Entrepreneur

Name

Henry Mwangi

Member since

September 2012

On-time repayments

103 installments  •  71%

About Me

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.

My Business

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.

Loan Proposal

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.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,036.07

Date disbursed

Oct 7, 2013

Repayment status

On Time

Projected term

11 months

Cost to entrepreneur

Lender interest: $1,036.07 at 3.86% annual rate over 11 months = $38.10

Service fee: $34.85

Lenders

M

mikedufty

Perth, Australia

Brian

Midhurst, Canada

Kitty

Hailsham, United Kingdom

Rdcmole

Cincinnati, United States

D

densey

Yakima, United States

H

hugh1

Co Kerry, Ireland

AmeliaAndMatt

NSW, Australia

Scott Walker

Canmore, Canada

B

Bavarian

Bavaria, Germany

Pierfausto

Rome, Italy

W

Walker

San Antonio, Tx, United States

KM

British Columbia, Canada, Canada

Namaste250

Pittsford, United States

X

xaphoon

angouleme, France

P

Prysdahl

Marshall, United States

T

Travelbear

Asheville, United States

LadyPhi

Ontario, Canada

Bobrm2k3

Charleston, United States

calvero

Bergen, Norway

joaoferraz

RINCHOA, Portugal

G

Goldrivermob

Gold River, Canada

tswickrama

Orlando, United States

scgtb

Sarasota, United States

mojobob

Hayward, United States

P

paul74

Chichester, United Kingdom

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