$ 150 to buy 5 compressors

Jane

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Jane

Member since

May 2014

On-time repayments

96 installments  •  44%

About Me

My name is Jane Kiarie, married to Francis Muteru. I am a mother of one boy aged 6 years.

I was born in central region of Kenya and schooled there up to college after clearing my secondary school education. I did a course in Front Office.

I was employed after college and worked for four years in Mombasa and then I left on my own volition since i wanted to start my own business.

I started a mobile phone business where I was selling phones and related accessories. I later changed the business and I started my current business two years ago.

I am a hardworking and honest person and these qualities have contributed greatly to the growth of my business.

My Business

My business deals with sale refrigeration materials. I also air conditioners. Mombasa is a coastal town with hot and humid climate which makes it an ideal place to put such a business.

The demand for my products and services is high especially during the hot season. The business is profitable and I make a net profit of about $600 per month.

My business employs one full-time worker and 2 casuals. Given this credit that I am requesting from Zidisha, I will be able to stock more materials in my store hence raise the sales and my profit.

Thank you.

Loan Proposal

I deal with refrigeration and air conditioning. I live in Mombasa - a very hot place and the demand for the items I sell is always there. However, due to lack of sufficient capital, I am unable to stock my store with enough items and this inconveniences my clients who are made to wait to get new supply.

My immediate goal is to stock the fast moving items like compressors and I am sure this will give my business a big boost and make my clients have more confidence with me. One compressor will cost me $30 and therefore, with this loan which I have applied and if granted, I will be able to buy 5 such compressors. I am very sure that they will be sold out in about 6 weeks hence my short repayment period.

I request you lenders to consider funding this loan and I promise that I will repay this loan as scheduled.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

May 29, 2014

Repayment status

On Time

Projected term

8 months

Other loans

Lenders

Muslim

Riyadh, Saudi Arabia

W

willj

United States

Ask Jane a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Ndungu    Jul 3, 2017

    I phoned Jane today and she promised to resume her loan payments as from this week.

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  • Jane    Jan 24, 2015

    I got my first loan mid last year and I used the money to stock spare parts for my shop's inventory. The multiplier effect has been very encouraging and it has contributed a lot to my business growth.

    The attached photo shows some to the items I managed to buy with the money.

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  • Jane    Aug 24, 2014

    I suffered from fever, and I was hospitalised for one week. This has affected my business and I request that you allow me to reduce my weekly payments to KES 250 from the current KES 500 for two weeks so that I recover fully.
    I am sure I will be able to resume my KES 500 instalment or even higher after I fully recover. Thank you so much for your continued support.

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  • Jane    Jul 15, 2014

    My business is currently experiencing very low sales. Mombasa town economy relies on tourism which has been affected greatly by sporadic attacks by terrorists and subsequent travel advisories by the some countries where the tourists come from. I am hoping that business will resume to normal soon and then I revert back to my initial installments.

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  • Ndungu    Jul 1, 2014

    Dear lenders, I invited Jane Kiarie to Zidisha. She had gone upcountry to attend to some emergency but she is now back. I spoke to her today and she promised to clear her arrears this week.

    Thank you for your patience.

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  • Jane    May 28, 2014

    Thank you so much Muslim for hearing my plea. May God bless you abundantly.

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  • Jane    May 28, 2014

    Thanks Muslim for the bid. I still need $102. Please lenders fund the balance before the time expires. I promise I won't let you down. Thanks.

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  • Jane    May 24, 2014

    Thank you willij, maggieYG and goodwithoutgod for your contributions. I request other lenders to make their contributions to this loan. Every dollar counts and I will appreciate any kind of donation from you.

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  • Jane    May 19, 2014

    This is my current stock which I intend to boost when I get this loan.

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