Adding stock to sale of clothes

Jared

Kisii, Kenya

Funds disbursed

$0 to go

100% funded of $194 goal

days left

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How it Works

Entrepreneur

Name

Jared

Member since

December 2014

On-time repayments

11 installments • 45%

About Me

Sometimes we lack words to say to Zidisha the way it has assisted Kenyans especially small growing businesses like mine Today on 2014/04/08 I have finished over my first repayments being my second loan I have hopes from you lenders again. When I was in problems I used to inform you. But thanks.
I am the first born in our family of five among three girls and two boys. This is a position that equips me with me a lot of responsibility. Actually in brief I have tried to challenge life up to the position I am now. I am married to a beautiful lady Grace Nyamoita and we are blessed with one baby girl. my business is the sale of clothes and my wife Grace assists me in the sale of this clothes in the shop that we have rented which pays 13 dollars per month. our capital was raised while I was employed with one lady in Kisii town where I also met my wife. I started with a capital of 100 dollars and today we are running this business with a capital of 1000 dollars and we wish to have more loans to boost it for our smooth running of it.

My Business

As I mentioned I have rented a house where I have stocked my clothes. My profile picture can explain this. The business is the sale of clothes and mostly uniforms which goes well through out the year as most of Kenyans nowadays are in schools for knowledge know-how. In a day i am able to make a profit of 15 dollars. Meaning in week I have 105 dollars so paying of 9.3 dollars towards your loan is not a big deal. Invest now and see me in future supporting someone else.
Thanks.

Loan Proposal

We do what we say and being sincere is also important at all levels. For my first loan as I mentioned in my profile I was to add more stock to it. I ordered for new clothes which boosted my capital so great and I decided to name it as my starting capital too. Again my intentions for this second loan of $190.27 again is to add more stock and this time I hope it will be great stock to me as a small growing entrepreneur. If $50 changed my life what of $190.27. It was so great and I appreciate it and for this second loan I will work hard as I can to fulfill my mission and repay as scheduled to me by Zidisha staff but if possible sometimes then I will adjust my installments.
Thanks and I hope you will consider my loan as you did for the first loan that was funded just in one day.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$194.00

Date disbursed

Apr 10, 2015

Repayment status

Late

Projected term

6 weeks

Other loans

Feb 2015: $50

Lenders

Franmiguel

Perth, Australia

Ask Jared 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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Samuel Sep 16, 2015

I phoned Jared today at 3.52pm. He says that he is yet to convince his brother to restart repayments.

Thanks.

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Samuel Aug 4, 2015

I phoned Jared today at 10.30am. He admits that his brother spent the loan and he is unwilling to pay it back. He is still convincing him to. This is quite challenging as the loan was taken with Jared's details so the brother could be a bit reluctant but Jared is trying his best. Let's give him more time.

Thanks.

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Franmiguel Aug 2, 2015

Hi Jared,
I just thought that I would touch base and see how you are doing.
I notice that you have yet to make your first repayment.
If you are having trouble with the repayments, you may wish to formally reschedule them in order to protect your On-Time Repayment score, which will be critical should you require to borrow in future.
Regards
Michael.

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Samuel Jul 2, 2015

I phoned Jared today at 12.32pm but my call went unanswered. I tried the Community Leader and some relatives but my calls reached strange people who deny ever knowing Jared at all. I have informed Zidisha to investigate this loan.

Thanks.

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Samuel May 20, 2015

I phoned jared today at 3.14pm . He is okay and promises to pay back any time he gets the money. He is not promising anything at the moment.

Thanks.

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Samuel May 1, 2015

I phoned Jared today at 9.24am . He says he is facing family problems that are preventing him from makind regular repayments.

Thanks.

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Jared Apr 11, 2015

The loan is in my hands now and I am really happy for it. I will now add stock to my current clothes.
Thanks a lot.

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Jared Apr 10, 2015

Thanks a lot Michael , I am happy with you please, may God bless you and your family. Actually you can not imagine what you have done to me and my family as whole. You shall leave long and now I am waiting for the disbursement of the loan may be on Monday. Thanks indeed

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- Franmiguel Apr 13, 2015
  
  Hi Jared,
  Thanks for your kind words.
  I am very happy to hear that the loan has made a difference to you and your family.
  All the best
  Michael
  
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Jared Apr 10, 2015

Oh thanks lenders and Zidisha staff. I am happy now my stock will be great in Kisii town. Stock of clothes is more enough for my daily bread and to repay this loan back. It will help me a lot to mention a few to add enough stock

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Jared Apr 8, 2015

Dear all,
I am happy that today I received a message from zidisha that my loan is fully repaid. To me this is a great achievement. Zidisha is really and has assisted me so great. The loan from Zidisha is not like from that from normal banks. They only need total faithfulness from you and you are done. After that your Facebook account is very important just connect your Facebook account and you wait for acceptance message in your e-mail address. Zidisha Lenders and staff members are so great actually when you do not have money for your repayments you adjust your installments either to pay more or less. For it was a great achievement I have never witnessed before. I am VM and day in day out I am able to learn various backgrounds of my fellow borrowers here in Kenya. I can recommend this loan to young growing businesses. They give you time and they are patient enough.
I am happy with Zidisha and being my first loan and so happy with it.
You move from down to upward, you see from $50 to even $5555.
Thanks a lot
JARED TOCHI MATAGARO

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- Franmiguel Apr 8, 2015
  
  Hi Jared,
  Thanks for being such a great borrower.
  I am really happy that the loan has been of assistance.
  All the best in the future.
  Michael
  
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  - Jared Apr 8, 2015
    
    Thanks a lot and I am really happy for you. Sincerely from the bottom of my heart you really assisted me for your loan and you were the only lender for my first loan and hopefully you will lend me again to set example for other lenders to move in for my loan.
    
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Jared Mar 31, 2015

I what to repay once to qualify for the next loan. I wish you all the best lenders. Actually the loan has assisted me so much and I see I am improving a lot. My stock for clothes is now enough for the next loan even if it means I qualify for 100 dollars next.

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- Franmiguel Mar 31, 2015
  
  Hi Jared,
  I am happy to hear that the loan has been of some assistance.
  All the best.
  Michael
  
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  - Jared Apr 1, 2015
    
    Thanks for your consideration.
    
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Jared Mar 20, 2015

Due to some changes in my business and being this time we have a serious drought in our country people are not for clothes other than for food. Hopefully next month it will be okay, ut for the mean time let me be paying Kshs. 800. Pray for us.

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- Franmiguel Mar 26, 2015
  
  Hi Jared,
  That is fine.
  Thanks for keeping me informed.
  I hope things pick up soon.
  Regards
  Michael
  
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  - Jared Mar 26, 2015
    
    Thanks a lot for your patience now everything is okay and I paid Yesterday
    
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Jared Mar 9, 2015

Please I have decided to repay more so to finish early to enable me to post another loan to see whether I will post a loan to add more and more stock to my business

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Franmiguel Feb 24, 2015

Hi Jared,
Thanks for getting your first repayment in on time.
Being a VM for Zidisha will be a great opportunity to help others in your neighbourhood benefit from using Zidisha.
All the best.
Michael

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- Jared Feb 26, 2015
  
  Thanks a lot Michael, My promise is that I will make all the best in Zidisha community and I will assist new members if they have any problem
  
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Jared Feb 10, 2015

Thanks a lot for this loan.
Actually one lender and I am done am very much grateful

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- Franmiguel Feb 11, 2015
  
  Hi Jared,
  I hope it helps you to achieve your goals.
  All the best.
  Michael
  
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  - Jared Feb 15, 2015
    
    Very great indeed Franmiguel I am very happy with you people
    Thanks a lot
    
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  - Jared Feb 23, 2015
    
    Dear my lenders,
    I am doing well since you gave me your loan. And I have done my first instalments and I am moving well happy with my business.
    And I will not forget for Zidisha team who offered me a great opportunity to serve as their volunteer mentor. A position that make me to learn more from other borrowers
    
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Jared Feb 9, 2015

I Jared in my shop front is the equity agent ( A bank agent whom we partitioned the shop for the sharing of rent.

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