CHRISTOPHER KARANJA

About Zidisha Profiles Zidisha entrepreneurs write their own loan profiles and provide their own photos. English is not usually their first language, and many had to overcome great obstacles to obtain an education. Additionally, many do not have cameras and own only a small number of personal photos. As a result, the profiles are not always as polished as on other websites. To keep profiles genuine, Zidisha staff do not make any edits, with the exception of titles for clarity and English translations.

My Story

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.

About 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.

My Loan Proposal

I would like to buy more spare parts for my business and especially tyres adn tubes for bicycles, motorcycles and motorvehicles.

Feedback

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Date By Feedback Rating Comment Edit
Jul 07, 2013 David2051 Positive Congratulations on repaying your loan!
Jul 01, 2013 Rdcmole Positive Paid back in full.
Jun 29, 2013 LaBretonne Positive Fully paid back, thank you!
Jun 15, 2013 galmor Positive Bon Chance!


Comments

 

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Dear Mr Karanja, I hope that your business is going well. You are doing a brilliant job of paying back your loan. I wish you every success with your business. Kind regards Gill

Dear Lenders,

my name is Roberta Zenere and I am a Kenya Country Liaison Intern at Zidisha. Within this role, I am coordinating the Zidisha's MPESA team, responsible for processing loan repayments and disbursements.

Today, while reviewing our accounts, we noticed that a loan repayment of 4,200 KES (49.96 USD) sent by Mr Karanja on February, 13 was not registered in the repayment schedule of his previous loan. We have now credited that amount in his current repayment schedule, as you can see from the payment posted today under the date February, 13.

Mr Karanja, we are sorry for this inconvenience and we wish you all the best with your business! You are doing very well with your loan repayment!

Best regards,

Roberta
Zidisha Team

Good Luck! Fantastic idea to buy a drilling machine, hope it will bring you a lot of new customers and oportunities!

July 7, 2012

Hello, my name is Traci Yoshiyama, Zidisha’s Kenya Client Relationship Manager. I am currently residing in Mugaa, visiting Zidisha borrowers in nearby villages.

Although countless of businesses line the streets of Kiptangwanyi, among the most essential is Christopher Karanga’s repair shop. Having experienced the roads in this area by motorbike, car, public transportation, and foot, I can tell you that it is no easy feat getting from place to place. Never was it more important to have a repairman you can trust.

Christopher, or Junior as the locals know him, explained to me how he made his way up from working as a boda boda (motorbike) driver to owning his own shop. By taking training courses in Gil Gil and working at another repair shop in Kitangwanyi, Junior eventually owned his own business thanks to his first Zidisha loan. He was able to buy all the necessary machinery and supplies to get his feet on the ground and provide him and his family with a comfortable life. Through his second loan, Christopher was able to buy a welding machine, which you can see in the photo displayed below. The venture does not stop there, for he hopes in the future he will be able to also sell vehicle parts to his customers, such as tires.

Showing admirable work ethic, my visit was cut short due to Christopher’s large workload. I caught him in the middle of a repair, which I was able to photograph below. I did not leave before meeting his employee, Duncan, who described Christopher as a very good boss. As Duncan saw I was going to take pictures of Christopher working, he quickly ran inside the shop to put on his apron while Christopher shook his head and laughed.

CHRISTOPHER KARANJA   Sep 12, 2011

hi EricDammonWalters. Thank you for coming to my assistance.

CHRISTOPHER KARANJA   Sep 12, 2011

Hi Mikedufty. Thank you again.

CHRISTOPHER KARANJA   Sep 07, 2011

Hi Mikedufty. I am very privileged that you have come to my assistance. My customers are increasing day by day. I promise to use the loan well to expand and reach many of my customers. May God almighty bless you.

CHRISTOPHER KARANJA   Sep 07, 2011

CatholicNetworking, Thank you very much for your support.

CHRISTOPHER KARANJA

KIPTANGWANYI CENTRE, NAKURU COUNTY, Kenya

100% Repaid

About This Loan

Loan Principal Disbursed: USD 489.01
Date Disbursed: Jun 7, 2012
Repayment Period: Number of months or weeks from disbursement until loan is fully repaid 12 months
Total Interest Due to Lenders: This is the annual interest rate proposed by the borrower. Lenders may bid to finance the loan at the borrower’s proposed interest rate, or at a lower rate if they desire. If more bids are received than the amount needed to fund the loan, the borrower will accept the bids with the lowest proposed interest rates.

All interest rates displayed on the Zidisha website are expressed as flat percentages of loan principal per year the loan is held. For example, for a loan of USD 100, taken at 4% annual interest with a repayment period of six months, the total interest amount will be USD 100 * 4% * (6 months / 12 months) = $2.

The expression of interest rates as flat percentages of loan principal amounts is intended to make calculation of interest amounts more intuitive for borrowers and for lenders, and to facilitate comparison with other microfinance loans in borrowers' communities, the majority of which also use the flat rate methodology to express interest rates.
USD 35.21 (6.65%)
Borrower Transaction Fees: A transaction fee paid to Zidisha, expressed as a total amount and as a flat annualized percentage of the loan principal amount. USD 26.49 (5.00%)
Total Amount (Including Interest and Transaction Fee) to be Repaid: Interest plus transaction fees, expressed as a total amount and as a flat annualized percentage of the loan principal amount. USD 61.69 (11.65%)

Funding

Lender Name Amount (USD) Interest
LaBretonne
(98)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
5.005.00 %
LaBretonne
(98)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
3.005.00 %
joerg
(154)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
10.005.50 %
jgillard
(48)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
50.006.00 %
mikedufty
(834)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
20.846.00 %
Harley
(94)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
50.776.00 %
David2051
(234)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
25.006.50 %
EricDamonWalters
(520)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
4.886.58 %
MiguelGago
(289)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
35.976.90 %
Rdcmole
(433)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
25.006.90 %
galmor
(223)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
200.007.00 %
Monarch84
(84)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
1.527.00 %
jkats1988
(152)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
10.007.00 %
Anninymouse
(448)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
9.007.00 %
bgxalz
(1)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
5.007.00 %
Coyote137
(9)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
25.007.00 %
Aahz
(248)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
8.037.00 %

Repayment schedule


Repayments due as of Apr 23, 2014:  USD 0
Total repaid as of Apr 23, 2014:  USD 551
Date Due Amount Due Date Paid Paid Amount The Paid Amounts displayed here are the local currency amounts received, converted to US Dollars at the exchange rate that was effective at the time the loan was disbursed. The amounts credited to individual lenders are converted to US Dollars at the exchange rate that was effective at the time each repayment was received, and due to exchange rate fluctuations they may be more or less than the amounts displayed here.
Aug 07, 201250.06Aug 07, 201250.06
Sep 07, 201250.06Aug 07, 20120.38
  Sep 05, 201249.68
Oct 07, 201250.06Sep 05, 20120.76
  Oct 05, 201249.31
Nov 07, 201250.06Oct 05, 20121.13
  Nov 06, 201248.93
Dec 07, 201250.06Nov 06, 20121.51
  Dec 17, 201248.56
Jan 07, 201350.06Dec 17, 20120.71
  Jan 08, 201349.26
  Mar 07, 20130.10
Feb 07, 201350.06Mar 07, 201350.06
Mar 07, 201350.06Mar 07, 20132.64
  Apr 18, 201347.43
Apr 07, 201350.06Apr 18, 20131.84
  May 16, 201348.23
May 07, 201350.06May 16, 20131.04
  Jun 06, 201349.02
Jun 07, 201350.06Jun 06, 201316.67
  Jun 08, 201333.43
Total Amount Due550.71Total Paid Amount550.73