David Thiongo Obati

Kimangu Rongai., Kenya

7% repaid

Entrepreneur

Name

David Thiongo Obati

Location

Kimangu Rongai., Kenya

On-time repayments

57 monthly installments  •  16%

About Me

I am 50 years of age married blessed with 11 children 7 girls and 4 boys. I manage to reach standard seven of primary education. My parents could not afford taking me to secondary school so I was forced to join the casual labourer in order to earn my living. From that hand work, I managed to raise amount which enables me to start a small business of selling plastics products which is commonly used in our homes like basins.

My Business

As I have said, I started selling plastics products and now I have done this business for more than ten years. It helps me in paying of school fees for my children and other life needs..

Loan Proposal

In fact the money given by you in previous was helpful to me as it has uplift my business from retail to whole sell.To these amount,i will manage to hire the items in large quantities and travel from Nakuru to Nairobi our Capital city on my own instead of sending someone.The amount of K.E.S.80,000 will be used to purchase basins,water tins,plates,spoons,plastics cups used in ceremony.The remaining amount will be used in transport.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,118.60

Date disbursed

May 30, 2013

Repayment status

Late

Projected term

48 months

Cost to entrepreneur

Lender interest: $1,118.60 at 1.61% annual rate over 48 months = $72.89

Service fee: $226.37

Lenders

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nicole

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LadyofHats

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Straetman

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ninamaqami

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ErikN

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rodcul

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Myrar

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Jeb33red

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G

gregc

Calgary, Canada

N

NLArjan

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E

elcico

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Kevin

San Francisco, United States

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