Martin Mwangi

Karunga, Kenya

100% repaid

Entrepreneur

Name

Martin Mwangi

Member since

September 2012

On-time repayments

72 installments  •  17%

About Me

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.

My Business

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.

Loan Proposal

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.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$497.45

Date disbursed

Oct 31, 2012

Repayment status

On Time

Projected term

12 months

Cost to entrepreneur

Lender interest: $497.45 at 3.85% annual rate over 12 months = $19.68

Service fee: $17.84

Lenders

BM

Benedicte Monroe

Sarasota// Phnom Penh, United States

S

slevon

Hemsbach, Germany

Feldborg

Stuttgart, Germany

Sideburnjack

Conroe, TX, United States

EricDWalters

Rochester, Mn, Usa, United States

Kitty

Hailsham, United Kingdom

YB Song

Seoul, Republic of Korea

José Antonio

Carapicuíba, Brazil

S

Simmo

Sydney, Australia

E

evanglend

Arlington, United States

M

Miguel

Madrid, Spain

A

Alex1987

Ludwigsburg, Germany

B

betagal

Geneva, Switzerland

B

briansedz

Canton, Ohio, United States

C

chachi

Boston, United States

Sezisoni

Warrensburg, United States

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