SUCCESS STORIES
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Patrick Kanampiu
Business Owner: PATRICK KANAMPIU
Business Name: PARAGON COMMUNICATIONS
Business Location: MERU MATATU TERMINUS
Branch: MERU
The Meru matatu terminus is as busy as a bees nest and would be a prime location to have a business owing to its strategic location. Patrick Kanampiu is one of the lucky businessmen to have their business located here. Paragon Communications was started in Nairobi in 2008 but relocated to Meru when the entire family moved to Meru. Paragon Communications is one of the leading mobile phones and accessories providers in Meru town and owing to its strategic location; it serves quite a number of clients. Patrick is quite the businessman as he has diversified into other things. He has a photocopier, computers to offer typesetting services, Mpesa shop and he also sells fast moving commodities that commuters usually buy for a long trip or from a long trip such as water, soda and confectionery. Patrick got to know about Real People through Eric Munene his loan officer who marketed to him and subsequently processed for him a loan of Kes.200,000/=. Patrick is yet another beneficiary of the relatively new individual lending product which is new to the Meru clients. He usually gets his stock from Nairobi but once in a while he will team up with other business friends and order for stock from Dubai. With the money he was able to boost his stock levels as well as add onto the Mpesa float. He states that the Mpesa business is quite viable for him because many people do not want to carry a lot of money with them and would prefer if they withdrew the amount when they reach Meru. This means that if he doesn’t have float, it is a sure loss of customers. He plans to diversify further and venture into the sale of computer accessories which he says has started getting a good market. If he is able to tap into that pool, he will be sure to make more profits. He currently enjoys profits of Kes.80, 000/= to 100,000 per month which is an improvement from what he was previously getting. The one thing he would like Real People to do for him is to reduce the interest rates and increase the grace period for those taking a loan for the first time. He also says with a lot of conviction that he would definitely recommend the services at Real People to his business friends.
Business Name: PARAGON COMMUNICATIONS
Business Location: MERU MATATU TERMINUS
Branch: MERU
The Meru matatu terminus is as busy as a bees nest and would be a prime location to have a business owing to its strategic location. Patrick Kanampiu is one of the lucky businessmen to have their business located here. Paragon Communications was started in Nairobi in 2008 but relocated to Meru when the entire family moved to Meru. Paragon Communications is one of the leading mobile phones and accessories providers in Meru town and owing to its strategic location; it serves quite a number of clients. Patrick is quite the businessman as he has diversified into other things. He has a photocopier, computers to offer typesetting services, Mpesa shop and he also sells fast moving commodities that commuters usually buy for a long trip or from a long trip such as water, soda and confectionery. Patrick got to know about Real People through Eric Munene his loan officer who marketed to him and subsequently processed for him a loan of Kes.200,000/=. Patrick is yet another beneficiary of the relatively new individual lending product which is new to the Meru clients. He usually gets his stock from Nairobi but once in a while he will team up with other business friends and order for stock from Dubai. With the money he was able to boost his stock levels as well as add onto the Mpesa float. He states that the Mpesa business is quite viable for him because many people do not want to carry a lot of money with them and would prefer if they withdrew the amount when they reach Meru. This means that if he doesn’t have float, it is a sure loss of customers. He plans to diversify further and venture into the sale of computer accessories which he says has started getting a good market. If he is able to tap into that pool, he will be sure to make more profits. He currently enjoys profits of Kes.80, 000/= to 100,000 per month which is an improvement from what he was previously getting. The one thing he would like Real People to do for him is to reduce the interest rates and increase the grace period for those taking a loan for the first time. He also says with a lot of conviction that he would definitely recommend the services at Real People to his business friends.
Christine Wanja
Christine Wanja who runs a boutique on the busy Uganda Road – Eldoret is a hardworking business lady. She started business 7 years ago with a salon but in the wake of 2009, changed to the boutique business and has never looked back.
She has studied business management in college and always had a dream and passion for wanting to run her own business. It was after being told by a business friend about Real People and visiting the offices that she was able to know more about our products and applied for a loan. In 2009, she applied and was granted Kes.200, 000/= with which she added onto her savings of Kes.200, 000/= and this enabled her to start the boutique. The change of business came at a time when everybody was running a salon and she wanted to do something different.
She gets most of her stock from Kampala and Turkey so as to stay abreast with the current fashion trends.
She admits that she experienced a few challenges owing to the change of business from salon to boutique but has been able to persevere. Despite business being low, she is optimistic that it will pick up as the peak seasons are between November and February. She has diversified and included cosmetics and accessories for the women shoppers who frequent her shop. This she says is a way of ensuring that she maximizes on the profits.
She admits that Real People has had a great impact in her business and she has in turn referred many of her business friends to the institution.
Whereas she would previously make profits of about Kes.150, 000/= she is able to now make between Kes.250, 000/= to Kes.300, 000/=.
She would like Real People to lower the interest rates for long time clients as well as increase the borrowing capacity for clients without asking for a lot of collateral.
She is currently servicing a loan of Kes. 450,000/= and added onto the stock levels as well as investing some in building rental houses.
Musa Omar Mohamed
Musa Omar Mohamed is a gumptious businessman operating in Mombasa County Magongo area. The urge to be self-employed led him to approach his father who was a businessman to help him start a small retail shop in 1993 after he cleared his school. He was introduced to Real People Kenya ltd in 2010 where he borrowed and expanded his retail shop to a mini supermarket.
Later on, he started water vending business and to ensure steady supply of water to his client’s, Omar bought water tanks and started packaging for various occasions within Mombasa County. It was after being told Real People Products that he was able to know more about our products and applied for a loan. In 2010, he applied and was granted a loan with which he expanded his businesses, since then he has borrowed 6 times.
He admits that Real People had great impact in his business, when he expanded his business from a small retail shop to a supermarket. Currently he owns the largest supermarket in Magongo area and diversified by adding water vending business which has boosted his income significantly.
He would like Real People to increase loan limits and lower the interest rates for long term clients. His wish is to continue borrowing from Real people Kenya ltd as long as we continue with the same service. He has referred clients to Real People Kenya Ltd.
Mr. Kennedy
Mr. Kennedy has been an RPKL clients since 2013. He got to know about the company through marketing initiatives by the Thika Brach staff. He has been selling electronics accessories in Thika town since 2009.
Mr Kennedy is currently servicing 3 loans. Micro Enterprise Finance Loan, Realpesa and Emergency loan. He is on his 7th loan cycle with RPKL.
Kennedy has managed to pay all his loan on time and has great credit history with RPKL. He is a man of honesty and integrity and for that reason has maintained a good relationship with RPKL hence his good history.
He has grown up with RPKL, he started with one electronic shop, and currently he has three electronic shops in Thika Town that are doing very well.
He is still willing to grow with RPKL, and for this reason he will take up another loan once he clears the others increase his stock.
The client has also recommended customers to RPKL.