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 uplift my business by buying more motorbikes spare parts. Buying more tools for the garage in order to have artisans for learning in my garage. I also want to buy iron sheets to construct a shelter to protect me from rain and hot sun. By doing this my profit will increase and my garage will be busy because customers will not be traveling a long distance seeking for repair services and spare parts.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$360.88

Date disbursed

Oct 16, 2012

Repayment status

On Time

Projected term

12 months

Cost to entrepreneur

Lender interest: $360.88 at 4.88% annual rate over 12 months = $18.83

Service fee: $13.46

Lenders

M

mikedufty

Perth, Australia

Brian

Midhurst, Canada

EricDWalters

Rochester, Mn, Usa, United States

Rdcmole

Cincinnati, United States

M

m_dennis

Toronto, Canada

E

evanglend

Arlington, United States

MakeSense

-, St. Kitts and Nevis

TheWhiteCat

Surrey, United Kingdom

Crestwood

Hamburg, Germany

Dan Haynes

Bozeman, United States

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