Purchase digital air compressor

Christopher Karanja

Kiptangwanyi Centre Nakuru County, Kenya

14% repaid

Entrepreneur

Name

Christopher Karanja

Member since

August 2011

On-time repayments

97 installments  •  61%

About Me

I am 34 years old, married with four children, three of them are schooling. I live in Kiptangwanyi centre, Kiambogo division, Gilgil District, Nakuru county. I am a businessman,. I started as a boda boda operator, where I switched to puncture repairing. I started the business in this area after I realized that the area had a problem in addressing the issue of punctures. I use my earnings to improve on my business since I dont have an opportunity where I can get enough cash to expand my business.

My Business

My business is located at Kiptangwanyi shopping centre. kiptangwanyi centre is located at 41 km from Nakuru town which happens to be our nearest major centre. the shopping centre is about 12km from Elementaita trading centre which is mostly known as it was a colonial shopping centre. Kiptangwanyi is in Nakuru county, Gilgil district, kiambogo division, Miti Mingi location, Kiptangwanyi sublocation. My business is near the matatu stage in Kiptangwanyi shopping centre. My business entails the services of repairing punctures for motorbikes, vehicles and even bicycles. There is very high demand of this service since the area is remote, the roads are poor and we are also far away from town making this services very crucial in this area. Customers prefer my services since I offer unique, quality services and at a fairer prices as compared to my competitors. The business is profitable since there are so many boda boda operators in the area making the business profitable. The problems that my business face are lack of more advanced facilties, high prices of crude oil products that I use to operate my air compressors machine. My monthly costs include rent, water, fuel and transport costs. I would be glad if Zidisha would assist me in improving and expand my business since cash is a problem that has been limiting my future plans of expanding this business that I rely much on in order to earn my daily needs for myself and my family.

Loan Proposal

Dear Lenders.
I am grateful for this opportunity. I have been able to improve my business with te loans I have gotten from Zidisha. With this loan I would like to buy a digital air compressor. This has been attributed by the high rise in demand for the service of air pressure. Most of my customers are motorcycle riders as well as lorries and tractors. With the demand rising I wish to improve service in terms of speed and efficiency. currently I am relying on my diesel powered air compressor which is slow and uneconomical. With an electronic one I will be able to offer better services.

Feedback

20

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Loan Info

Project Type

Classic Loan

Disbursed amount

$473.53

Date disbursed

Oct 30, 2014

Repayment status

Late

Projected term

7 months

Cost to entrepreneur

Lender interest: $473.53 at 5.59% annual rate over 7 months = $16.51

Service fee: $10.80

Lenders

D

dkapplerb

Toronto, Canada

H

Halli

Bottrop, Germany

braccino

Settimo Milanese MI, Italy

iamdaimo

London, United Kingdom

U

Ubun2

London, United Kingdom

Lambie

Perth, Australia

Matthieu

Switzerland, France

E

E

Marin county, United States

D

dagjomar

Trondheim, Norway

Loungin

United States

K

Katakin

United States

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