Loan to buy paint

Julia Karanja

Kahawa Wendani, Kenya

100% repaid



Julia Karanja

Member since

November 2014

On-time repayments

121 installments  •  10%

About Me

My name is Julia Karanja a Kenyan lady by birth.I am the third born in a family of five children,I am a business oriented lady and I started business early enough to have gained good experience during my time in business.I am a chef by profession where I specialized my course at Nairobi Aviation and Utalii College, I used to work and at the same time manage my fathers hardware where I am the manager now.My Dad decided to hand over the business to me fully after he saw my hardwork and good management skills.I have never looked back and I have always worked hard to shine in the business never to let him down.I grew up in Muranga county and during my childhood I used to be a staunch christian like my parents used to teach us.

My Business

My business is Hardware a luxury brand in the home furnishings marketplace offering furniture, lighting, textiles, bathware, and décor, outdoor and garden. Karanjas hardware is an integrated business with multiple channels of distribution. We have a good reputation from yester years as we have always insisted on quality goods.
I have a good reputation in my community and have gained trust to a number of customers and I am always thankful to them because they have kept me going and I have always promised good and quality service.The market at the moment is rapidly growing because Kahawa Wendani is at its peak of growing at the moment so many apartments are being brought up every now and then.
Per month we make a profit of between 775.62 usd and 886.43 usd which is not bad profit and if the trend goes on like that or beyond that mark, I am planning to start another serious décor hardware where I will be getting my staff from Dubai and China God willing. At the moment the profits are used to re-stock new Items in the market and I have a task of schooling my little brother and sister who are still in school.

Loan Proposal

I need to buy paint and introduce the new item in my hardware, I have several friends who are in the same business like me and they come to my hardware to visit, we share a lot about business and most of them insist that I should venture into paints, because they have good returns. I have been thinking about the idea and now I believe it’s the best time to implement it. The paints come in different capacities but I first want to stock the 4 liters paint gallons and see the outcome. I did some mathematics and saw the paints can give a good return if I invest in the kerosene paints than the water paints, because the kerosene paints a gallon of 4 litres goes for 25.4426 Usd and I can sell it at 30.9736Usd which is in fact good money if I make to sell at least ten gallons daily. This mathematics made me think about it very much, because this cash can cater for so many errands in the hardware if the paint business will get funds for me to start it. If all goes well and the returns are good I will also venture into the Water paint and see how both paints compete and which has the highest demand for me to specialize on one.






Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

Dec 4, 2014

Repayment status

On Time

Projected term

8 weeks

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