David Karanja

Nairobi, Kenya

100% repaid

Entrepreneur

Name

David Karanja

Member since

August 2012

On-time repayments

196 installments  •  22%

About Me

I live in Nairobi Buruburu Estate with my family, one child in standard one in a nearby private school, am a Pastor at Kenya Assemlies of God Pumwani Slums in Nairobi and I started this business early this year - 2012 with the aim of improving the life of vulnerable women, youth and children infected and affected with HIV &AIDS in Tumaini NGO -website (www.tumainifund.org) . I am tyring to improve tumaini members to join zindisha microfinance to empower their business through borrowing loans. zindisha has helped me to think out of the box and also aidded in my future growth, in my family we have seen changes though zindisha financial aid which has improved our living standards. the second loan will help me expand my business to another level.

My Business

I sell hand-made bags that are currently on high demand as we now approach chrtismas period since more tourists are visiting the country; this makes it a very profitable business need to expand.When all factors are favourable for business i make a profit of close to 40% per month.
Challenges among others are, lack of huge stock due to shortage of finance, Transportation cost to the factory and also sometimes lack of stability in the country as this makes the tourists fear visiting the country.

Loan Proposal

The loan will be used for boosting my business and the profit will be used for paying the salary of my workers the rest will sustain me and also to pay school fees of my son also the loan will help me to think out of the box to add some idears of other new business in future also it help me to invite more members to zidisha also l thank zisha for this program which has empowered more people in kenya Thank you all Pastor David KARANJA

Feedback

12

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,423.13

Date disbursed

Dec 6, 2013

Repayment status

On Time

Projected term

24 months

Cost to entrepreneur

Lender interest: $1,423.13 at 7.44% annual rate over 24 months = $219.41

Service fee: $104.09

Lenders

joerg

Berlin, Germany

H

Hilke

Bremen, Germany

C

chkuo

Taipei, Taiwan

P

Philippe

Adliswil, Switzerland

G

Gastao

Covilhã, Portugal

B

Bpryse

Long beach, United States

Vanamo

Helsinki, Finland

F

Fiodal

Helsinki, Finland

LA

United States

T

Tszach

Tucson, United States

A

anonymus

Moon, United States

A

Anonymous2

United States

AnnaChristina

Pittsburgh, United States

Sister

Kongsberg, Norway

Krtecek

Balzers, Liechtenstein

russell

leicester, United Kingdom

Sundstroms

Falun, Sweden

B

bopsquod

Seattle, Wa, United States

A

Astrid

Den Haag, Netherlands

AdvancingCompassion

San Diego, United States

A

artom

Karkola, Finland

juliemartha

Lake Mary, United States

mraph

Virginia, United States

N

netsirkd

Highland, United States

joaoferraz

RINCHOA, Portugal

W

wally

Torino, Italy

C

CZC

Lake Zurich, United States

C

cranejoad

cazenovia, United States

somuchjackson

Boston, United States

D

dcheung

San Francisco, United States

A

andresol

Oslo, Norway

E

ejc211

Somerset, United Kingdom

Ask David a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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