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 boost my business also some amount to start to expand the business plus creating youth employment also the profit to be used in repaying the loan and to save others in my account for business security l aso to sustain me and my family and to pay workers. God bless you all us you continue contributing for my second loan.

Feedback

12

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,293.67

Date disbursed

Jul 22, 2013

Repayment status

On Time

Projected term

24 months

Cost to entrepreneur

Lender interest: $1,293.67 at 0.81% annual rate over 24 months = $21.28

Service fee: $91.62

Lenders

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V

Valis

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M

MetinBalci

Paris, France

T

Taupe

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tswickrama

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