Jared

Tanners, Kenya

15% repaid

Entrepreneur

Name

Jared

Member since

March 2013

On-time repayments

15 installments  •  13%

About Me

My name is JARED BANG'I a Kenyan citizen and married with Two kids . Actually I live in Nakuru County in Tanners Next to Kabtembwo estate. I did my form four only due to financial problems and joined red cross where I did my course of dealing with disaster management. This became my profession since I did it with passion. However, there has been so many challenges in this field due to competition since most people do this course after they have done their form four exam and therefore the employment opportunities become very minimal due to high population with such a profession and as mostly instutions that I aim ar N.GO's.

This forced me to start a small business where I own a small poshomill after I got a loan from angaza self help group. Here is where am getting my dairy bread as well as sustaining my business.
From my earnings I have managed to purchase a hauler that change flour from number one to number two which is mostly consumed by most of my clients.

My Business

Currently I have a small poshomill . My poshomil is normally known as UNGA TAMU POSHOMILL . I do sell flour to customers in Kilos and also to other people who wants 90kg sacks eg retailer shops,schools and other instituons when they have functions. I have many customers since I don't select the one who are buying many kilos or sacks, I do treat them equally and therefore attracting more customers. This has helped me since most people who are in the same business favour the customers who are buying in large quantities and this discourages the customers who want small quantities.

This business is not bad since I normally collect the maize early before all the farmers harvest hence I got the maize with a very lower cost. After I normally sell in form of flour where I made high profits.

I may buy one sack of maize at Ksh.1800 direct from the farmers and manage to sell it at Ksh.3000 thus making supernormal profit.

Loan Proposal

As soon as I receive the loan I will go and buy maize from where they are currently harvesting in most places like Molo where I have done my research maize is very cheap during this harvesting season,from there I have get two tenders from my neighbor school to supply them with flour for this financial year 2013.As i will supplying flour there will be sufficient cash to pay the loan as well buy more maize from the remaining profit hence to meet all my clients needs.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$500.00

Date disbursed

Mar 17, 2013

Repayment status

Late

Projected term

16 months

Lenders

Silver

Steiermark, Austria

LA

United States

B

Bavarian

Bavaria, Germany

H

hanso

Arendal, Norway

Sundstroms

Falun, Sweden

C

ckd25n

san francisco, United States

Ingela

Falun, Sweden

Sverre

Bergen, Norway

J

JozefDora

Poprad, Slovakia

P

phdben

Lubbock, United States

J

jiffyjiff3

Haddon Heights, United States

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  • John    Feb 12, 2014

    I spoke to Jared mageto and he said he has been going through sickness challenges and same times her shop was stolen so he could not be able to meet the goal of his repayment of the loan, he is requesting to be given this month and he will come back too the normal status and he will clear the amount as per his profile,he said he is now trying to raise again to manage his stolen shop.
    mageto said this is why he has not been able to pay his loan but he said he knows he is with a loan that he must pay as he promised.

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  • bconrad    Dec 11, 2013

    Dear Lenders,

    Today we heard that Mr. Mageto has been ill and in the hospital, which is why he has been delayed in making payments. He told us that he knows he is late and will make a payment when he can.

    Mr. Mageto, we wish you a quick recovery!
    Best,
    Bayle, Zidisha Team

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  • Jared    Oct 1, 2013

    I have a Problem that is affecting me and also the payment so please reschedule my payment. I had told to an agent and explain everything to him, i do not understand why he did not pass the information. Am sure that I will be able to pay my loan once have manage my problem soon as possible. am working on they my problem and the loan, have being trying to reschedule it but network was also a problem.

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