Loan to buy an electronic weighing machine

James

Mombasa, Kenya

100% repaid

Entrepreneur

Name

James

Member since

December 2014

On-time repayments

220 installments  •  82%

About Me

My name is James Opany. I am 43 years old having been born in Mombasa City which is the second largest city in Kenya. Mombasa is a port city and my father used to work at Kenya Ports Authority as a clerk. He later retired and went back to Western Kenya which is his rural home. By then was all grown up and I had cleared my college education and I decided not to follow him to his rural home.

I trained as an accountant after my secondary eduction and luckily got a job as an accountant in a local auditing firm. I worked there for about 10 years and then the company closed down. With my terminal benefits, I decided to set up a business selling food products such as sausages, eggs, chicken as well as soft drinks.

I am married with two kids aged 16 and 9 years.

My Business

I deal with sale of food products such as sausages, eggs, chicken as well as soft drinks. I get my supplies from Farmers Choice who are the leading processors of these products in Kenya. I got to know them well because they were our clients at the auditing firm that I was working for before it closed down.

I make daily sales of about $60 with a daily profit of about $12. I use this money to support my family and for business expansion. Despite the relatively good sales volumes, I go get some challenges since there are many competing needs for the money generated by the business and this makes expansion very difficult or even replacing faulty equipment.

I started rearing chicken two years ago and the business has proved to be a huge success since I sell the poultry products from this lot. I however want to expand this area so that I may produce enough birds to sell at the outlet.

For this reason, I need a helping hand in form of credit and I feel Zidisha is a perfect partner in my endeavor due to their friendly loan terms.

Loan Proposal

Three months ago, my old electronic weighing machine broke down. This is the machine that I use to weigh chicken and I like it because it is accurate and fast. I reverted to using an even older type of beam balance which is very slow to use and not very accurate. This has slowed my work and my clients complain a lot due to slow service.

A new electronic weighing machine will cost me around $90 and it will make a big difference in the way I serve my clients. Kindly consider funding my loan.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jan 9, 2015

Repayment status

On Time

Projected term

4 months

Lenders

P

phangsang

Seattle, United States

F

flowerbells

Portland, Oregon, United States

G

gt2016c

Birchgrove, Australia

S

searthsong

Colorado Springs, United States

N

noah695

Salt Lake City, United States

Tjitser

The Hague, Netherlands

A

AJCortens

Boise, ID, United States

H

Hynek

Brussels, Belgium

T

TopUp

Toronto, Canada

J

jjcharlie

chicago, United States

H

Houdini314

Elwood, United States

ZlataRoy

Cheltenham, United Kingdom

MindMuse

Talking Rock, United States

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Summary

Amount repaid

$103.28

Amount remaining

$0.00

Date repaid

May 18, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jan 18, 2015 $5.16 Jan 18, 2015 $0.22
Jan 18, 2015 $4.93
Jan 25, 2015 $5.16 Jan 18, 2015 $0.12
Jan 25, 2015 $5.03
Feb 1, 2015 $5.16 Jan 25, 2015 $0.02
Feb 1, 2015 $5.13
Feb 8, 2015 $5.16 Feb 8, 2015 $5.16
Feb 15, 2015 $5.16 Feb 15, 2015 $5.16
Feb 22, 2015 $5.16 Feb 27, 2015 $5.16
Mar 1, 2015 $5.16 Mar 1, 2015 $5.16
Mar 8, 2015 $5.16 Mar 8, 2015 $5.16
Mar 15, 2015 $5.16 Mar 16, 2015 $5.16
Mar 22, 2015 $5.16 Mar 22, 2015 $5.16
Mar 29, 2015 $5.16 Mar 29, 2015 $5.16
Apr 5, 2015 $5.16 Apr 4, 2015 $5.16
Apr 12, 2015 $5.16 Apr 11, 2015 $5.16
Apr 19, 2015 $5.16 Apr 19, 2015 $1.12
Apr 19, 2015 $4.03
Apr 26, 2015 $5.16 Apr 25, 2015 $5.16
May 3, 2015 $5.16 May 4, 2015 $0.66
May 4, 2015 $4.49
May 10, 2015 $5.16 May 9, 2015 $5.16
May 17, 2015 $5.16 May 16, 2015 $5.16
May 24, 2015 $5.16 May 18, 2015 $5.16
May 31, 2015 $5.29 May 18, 2015 $5.29

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