72 installments • 17%
My name is Martin Mwangi Wangari. I am married with two children. I reside at Karunga shopping centre. This is where I have located my business. To reach me take Nakuru/Nyahururu road as you reach a centre called Maili Saba, branch to your right hand take a rough road go past St. John secondary school, then from there to Karunga Centre. I live at the centre just next to proposed Karunga market site plot number 131. If you ask for Mbucha Mwangi you will be brought at my home.
I have a business of selling meat, where’s I sale sheep, goat and cow meat. My business is in a house called Scotts plot number 146 and my butchery is called scotts butchery. This is where I earn my living from. I get about Ksh.35,000 monthly so annually I get Ksh 420,000. I also do farming as a business where I plant crops for sale; I get income of about Ksh. 200,000 annually.
So the total annul income is Ksh. 620,000.
From the earning I am able to pay my bills, buy food, cloths and I also help my family back at home.
I would to use this loan to open another sub-branch, have an employee, buy the necessary tool for this new business. Also buy cows, sheep and goats for slaughtering. I will also buy motor bike which I will be using it to transfer meat from one butchery to another. I will also selling meat to neighboring butchery using motorbike.
Oct 31, 2012
Cost to entrepreneur
Lender interest: $497.45 at 3.85% annual rate over 12 months = $19.68
Service fee: $17.84