James
Irigu-ini, Kenya
100% repaid
Name
James
Member since
December 2015
On-time repayments
398 installments • 92%
I am the second born son in a family of four. My younger two siblings are girls whom we used to cook for with my older brother as our parents went to work.
I was brought up in a tiny village Central Kenya, Mount Kenya region.I started basic education in a local school and cotinued to primary education. As young boys i recall as we went swimming in a river that flows down deep ridges and our parents got worried very much.
Later i went to Thika town for my secondary education at Thika High School.
Later i went to study Aircraft Maintenance course in our city Nairobi at Wilson Airport and got a certificate in engine & airframe.While there i also studied Electrical science. I got employment in a local maintenance firm that later collapsed. From there i started vending fresh vegetables at Wangige Market near our city Nairobi.
At Nairobi life wasn't easy at all. At some point i decided to live in the slums because good rooms were so expensive to rent. So i moved to Dandora slums. I even went a step further to walking half distance to work and half by bus to save some cash.
In early year 2015 i felt it was time to be an entrepreneur because i was still struggling for my needs. I had enough skills so retreated back to the village where my Mum gave me a small room to establish a workshop at home. Life was so hard trying to establish myself until ZIDISHA came to my rescue where i got a loan to rent a big workshop in our local shopping center where i have grown steadly. Thanks to all Lenders.
Every year i pay 70 USD to our local county authority for business licence and a monthly rent of 70 USD. I also pay 170 USD per week to wages of my employees.
I do re-invest my profits in my business, support to my parents and my siblings,also community projects contributions and also buying construction materials for a rental house i keep on developing and adding more units. I also support two elderly women who are about 100 yrs old by visiting them regularly. Of late am also supporting an old Man, a war Veteran through food stuff. I love caring for the needy.
My business operates under the name Jaycobs Electric & Building Services. I operate a workshop and a sales section where we sell electrical fittings, lightings, conduits, electronics repair, and offer consultations.
In the workshop we do electrical and electronics repair, mechanical repairs and installations.
In average we make a monthly profit of 700 to 900 USD.
I have noted that there is a commodity that I have not yet managed to satisfactory supply to my clients. These are different sizes of cables such as;
1.0 mm twin with earth
1.5 mm t.w. e
2.5 mm
4.0 mm
6.0 mm and
Auto cables.
Many customers have been requesting me to stock them and since this is an opportunity to make more profit, I would like to introduce them.
With the loan I will buy the following rolls of copper cables,
3 rolls 1.0 mm cables 60 USD
3 rolls 1.5 mm cables 90 USD
3 rolls 2.5mm cables 240 USD
2 rolls 4.0 mm cables 300 USD
1 roll 6.0 mm cable 200 USD,
With this progress I will be able to get more profit and expand further and in turn employ another assistant.
Positive
2
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$954.00
Date disbursed
Apr 4, 2017
Repayment status
On Time
Projected term
6 months
Other loans
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Amount repaid
$952.84
Amount remaining
$0.00
Date repaid
Oct 25, 2017
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Apr 13, 2017 | $18.88 | Apr 16, 2017 | $18.88 |
Apr 20, 2017 | $18.88 | Apr 23, 2017 | $18.88 |
Apr 27, 2017 | $18.88 | May 1, 2017 | $18.88 |
May 4, 2017 | $18.88 | May 10, 2017 | $18.88 |
May 11, 2017 | $18.88 | May 13, 2017 | $18.88 |
May 18, 2017 | $18.88 | May 18, 2017 | $18.88 |
May 25, 2017 | $18.88 | May 30, 2017 | $18.88 |
Jun 1, 2017 | $18.88 | Jun 5, 2017 | $18.88 |
Jun 8, 2017 | $18.88 | Jun 17, 2017 | $18.88 |
Jun 15, 2017 | $18.88 | Jun 18, 2017 | $18.88 |
Jun 22, 2017 | $18.88 | Jun 18, 2017 | $18.88 |
Jun 29, 2017 | $18.88 | Jun 25, 2017 | $18.88 |
Jul 6, 2017 | $18.88 | Jul 1, 2017 | $18.88 |
Jul 13, 2017 | $18.88 | Jul 18, 2017 | $18.88 |
Jul 20, 2017 | $18.88 | Jul 25, 2017 | $18.88 |
Jul 27, 2017 | $18.88 | Jul 31, 2017 | $18.88 |
Aug 3, 2017 | $18.88 | Aug 2, 2017 | $18.88 |
Aug 10, 2017 | $18.88 | Aug 10, 2017 | $18.88 |
Aug 17, 2017 | $18.88 | Aug 19, 2017 | $18.88 |
Aug 24, 2017 | $18.88 | Aug 23, 2017 | $18.88 |
Aug 31, 2017 | $18.88 | Aug 31, 2017 | $18.88 |
Sep 7, 2017 | $24.84 | Sep 5, 2017 | $24.84 |
Sep 14, 2017 | $24.84 | Sep 15, 2017 | $24.84 |
Sep 21, 2017 | $24.84 | Sep 22, 2017 | $24.84 |
Sep 28, 2017 | $24.84 | Sep 29, 2017 | $24.84 |
Oct 5, 2017 | $119.23 | Oct 5, 2017 | $119.23 |
Oct 12, 2017 | $119.23 | Oct 13, 2017 | $119.23 |
Oct 19, 2017 | $119.23 | Oct 19, 2017 | $119.23 |
Oct 26, 2017 | $99.36 | Oct 25, 2017 | $99.36 |
Mary Nov 14, 2018
camilberlin Mar 19, 2017
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