Loan to increase stock and diversify on products

Philomena Karanja

Ongata Rongai, Kenya

100% repaid



Philomena Karanja

Member since

January 2014

On-time repayments

245 installments  •  18%

About Me

I am a 32 year old lady.Mother of one child .I am married .I am an accountant by profession and am currently employed at an insurance brokerage firm.Am also doing business as a side hustle to increase my income.

I come from rural parts of Kenya but currently residing at the city of Nairobi.I have a passion to grow to an independent woman.I want to provide the best for my family especially for my children.I want them to have the best education i can offer and thus willing to work even harder.

I am born again christian and and a member of PEFA Church Donholm

My Business

Am a full time employee at Primeken insurance brokers as an accountant.I sell kids shoes online ie Instagram & Facebook.I source my products from china.I make approximately ks.30000 per month from my business.I have a dream of owning a physical shop to make deliveries easier.It is for this reason i seek funds to increase my capital base in order to realize more sales.I previously focused on casual shoes but want to venture into kids school shoes as the locally manufactured ones are too heavy for our little kids.

Loan Proposal

Am grateful for all zidisha lenders for the far you have enabled me to reach with your contributions.This is my 3rd loan which i believe i will pay back in full just as the first 2 loans.

I want to use this loan to diversify my business and venture into men clothing.I have been dealing with ladies wear only which is doing fine.I want to take advantage of this christmas season where demand for clothes goes quiet high.

I intend to buy the men clothing i.e shirts and t shirts from our neighboring country Uganda where they are abit cheaper and of quality.

I appeal to all lenders to contribute for me and i shall not fail you in repayment.Thanks for making my dream of becoming an indepent woman come true and may God bless you all.






Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

Dec 9, 2014

Repayment status

On Time

Projected term

18 months

Cost to entrepreneur

Lender interest: $185.34 at 8.95% annual rate over 18 months = $25.11

Service fee: $10.37



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Matching Fund

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