Name
Dancan
Member since
March 2014
On-time repayments
341 installments • 82%
My name is Dancan mong'are, I was raised in a family of 5 brothers where I am the second born, my father is a self employed in a lumbering industry while my Mom is a small scale farmer. I decided to start my computer service business so that I can support myself in my education and other personal emoluments . Currently I am pursuing my degree program in purchasing and supply management at Jomo Kenyatta University of Agriculture and Technology Nakuru CBD campus. My entire business helps me to relieve my parents from the strains of catering my studies and that of my brother's who are also at college "Kisumu polytechnic" . From my business I am able to pay my rent, bills and it also helped me buy myself a laptop which I use to do my research and assignment at school.
My business is a computer service program that deals with type setting, photo printing, internet services and computer software repairs. The goods I sell in my business include: printing papers, envelops, pens and pencils. My customers prefer my services since they are served very fast and get the goods at the lowest prices compared with the nearby competitors and this attracts many customers to my business, which means more profits. In a month it costs me in maintaining and replacement of printer parts including ink cartridges, purchase of more stock such as printing papers and other stationery, but also it earns me sales amounting to not less than ksh.25,000, giving me an average profit of kshs. 10,000 to kshs.18,000
Despite all the criticism of micro-lending schemes and their ideological impact, i must admit that Zidisha stands out since it bypasses expensive local banks and intermediaries that charge sky-high interest rates and offer a person-to-person platform that lets lenders and entrepreneurs communicate openly and instantly. This helps us small entrepreneurs present our business projects to potential lenders who in turn fund us to improve our businesses. I am so humbled with the continued support towards my projects. I really have seen a positive impact in my business through my previous Zidisha loans. Am so grateful. This being my fifth loan, i have real confidence that my business will get to the next level. With this expected loan i plan to open a new branch of the same kind of business am operating currently within the town center comprising of typesetting and printing, photos, passports and stationery for students joining and continuing in the satellite campuses. Most customers are students who study in the various campuses within town who am positive that they will influence other fellow students towards the satisfactory services I have always offered them, the aim of opening the new branch also is to expand and bring services near to the rising number of students and capture more.
The total cost of opening this new branch will be $1700 of which $960 will be from the loan I expect and $680 will come from my savings. The machines will cost; Epson photo printer $389, Laser-jet printer $97, second hand copier machine $583, few stationery $ 195 rent, renovation services and operational expenses $389 and Miscellaneous $97. Am proud to inform you that through Zidisha loan i have created job opportunities to two regular employees and one casual worker, and i intend to employ more as the business grows.
I humbly request for your continued assistance .Thank you in advance.
My name is Dancan mong'are i was raised in a family of 5 brothers where i am a second born and my father is a self employed in a lumbering industry while my Mother is a small scale farmer. i decided to start my computer service business so that i can support myself in my education and other personal emoluments . Currently have graduated with a degree in purchasing and supply management from Jomo Kenyatta University of Agriculture and Technology Nakuru CBD campus my entire business helped me to relief my parents from the strains of catering for my studies ,personal study expenses and that of my brother's were also at college "Kisumu polytechnic" . from my business am able to pay my Rent bills and also helped me to buy myself a laptop which i used to do my research and assignment at school. it also helps me in supporting my siblings with their school feels since as for now my dad is jobless and their yields from small scale farming does not help enough.
my business was offering computer cyber services that included printing, photo printing ,photocopying,scanning, binding and laminating. Then i was introduced to zidisha organization which enabled me to purchase improved machines that helped me run my business smoothly . But after my Graduation in November 2016 from JKUAT (Jomo Kenyatta University of Agriculture and Technology) my business earnings became unstable and started to fall . Thats when I saw an opportunity in Bodaboda which is transporting peopleand goods within Nakuru town using a motorbike. I decided and sold out all my business equipments and bought 2 brand new motorbikes and traded in the one i used to deliver goods and services to my cyber customers for the 3rd new one. Now i own 3 motorbikes whereby i operate one and lend the other 2 to people who offer me $3 a day. My business is unique in that my customer always trust me for delivering their goods ,believe in me for safety riding and prefer me because i respond to their phone calls almost immediately or giving them a genuine reason to wait for a few minutes in which they do.
With my motorbike I make atleast $5 to $10 a day earning me atleast $55 aweek and an additional $38 from the other two making upto $80 a week less all the expense. I do service my motorbikes twice a month for the better performance and durability guarantee which costs me fixed $27 and rarely change of tubes that i consider emergencies. I love my business since it enables me to pay all my bills ,rent,repaying my loan evenly without much strain and still safe upto $140 a month. Am so grad to be a benefited member of zidisha, thanks to zidisha Team for changing my Life.
Am now happy that with zidisha helping me expand my business . it has also enabled me support my young brothers with paying their school fees and thus reducing the strain of my parents they have been going through our well being.
Despite all the criticism of micro-lending schemes and their ideological impact, i must admit that Zidisha stands out since it bypasses expensive local banks and intermediaries that charge sky-high interest rates and offer a person-to-person platform that lets lenders and entrepreneurs communicate openly and instantly. This helps us small entrepreneurs present our business projects to potential lenders who in turn fund us to improve our businesses. I am so humbled with the continued support towards my projects. I really have seen a positive impact in my business through my previous Zidisha loans. Am so grateful. This being my fifth loan, i have real confidence that my business will get to the next level. With this expected loan i plan to open a new branch of the same kind of business am operating currently within the town center comprising of typesetting and printing, photos, passports and stationery for students joining and continuing in the satellite campuses. Most customers are students who study in the various campuses within town who am positive that they will influence other fellow students towards the satisfactory services I have always offered them, the aim of opening the new branch also is to expand and bring services near to the rising number of students and capture more.
The total cost of opening this new branch will be $1700 of which $960 will be from the loan I expect and $680 will come from my savings. The machines will cost; Epson photo printer $389, Laser-jet printer $97, second hand copier machine $583, few stationery $ 195 rent, renovation services and operational expenses $389 and Miscellaneous $97. Am proud to inform you that through Zidisha loan i have created job opportunities to two regular employees and one casual worker, and i intend to employ more as the business grows.
I humbly request for your continued assistance .Thank you in advance.
Positive
8
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$1,051.00
Date disbursed
Feb 1, 2017
Repayment status
On Time
Projected term
8 months
Other loans
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Amount repaid
$1,051.00
Amount remaining
$0.00
Date repaid
Sep 26, 2017
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Feb 11, 2017 | $29.21 | Feb 10, 2017 | $29.21 |
Feb 18, 2017 | $1.01 | Feb 10, 2017 | $1.01 |
Feb 25, 2017 | $15.11 | Feb 24, 2017 | $15.11 |
Mar 4, 2017 | $15.11 | Mar 2, 2017 | $15.11 |
Mar 11, 2017 | $60.44 | Mar 8, 2017 | $60.44 |
Mar 18, 2017 | $30.22 | Mar 18, 2017 | $30.22 |
Mar 25, 2017 | $20.15 | Mar 24, 2017 | $20.15 |
Apr 1, 2017 | $20.15 | Mar 30, 2017 | $20.15 |
Apr 8, 2017 | $20.15 | Apr 6, 2017 | $20.15 |
Apr 15, 2017 | $20.15 | Apr 12, 2017 | $20.15 |
Apr 22, 2017 | $20.15 | Apr 20, 2017 | $20.15 |
Apr 29, 2017 | $20.15 | Apr 26, 2017 | $20.15 |
May 6, 2017 | $25.18 | May 4, 2017 | $25.18 |
May 13, 2017 | $25.18 | May 9, 2017 | $25.18 |
May 20, 2017 | $25.18 | May 19, 2017 | $25.18 |
May 27, 2017 | $25.18 | May 25, 2017 | $25.18 |
Jun 3, 2017 | $25.18 | Jun 1, 2017 | $25.18 |
Jun 10, 2017 | $25.18 | Jun 7, 2017 | $25.18 |
Jun 17, 2017 | $25.18 | Jun 15, 2017 | $25.18 |
Jun 24, 2017 | $25.18 | Jun 22, 2017 | $25.18 |
Jul 1, 2017 | $30.22 | Jun 28, 2017 | $30.22 |
Jul 8, 2017 | $30.22 | Jul 5, 2017 | $30.22 |
Jul 15, 2017 | $30.22 | Jul 11, 2017 | $30.22 |
Jul 22, 2017 | $30.22 | Jul 18, 2017 | $30.22 |
Jul 29, 2017 | $30.22 | Jul 26, 2017 | $30.22 |
Aug 5, 2017 | $30.22 | Aug 3, 2017 | $30.22 |
Aug 12, 2017 | $30.22 | Aug 10, 2017 | $30.22 |
Aug 19, 2017 | $30.22 | Aug 15, 2017 | $30.22 |
Aug 26, 2017 | $55.40 | Aug 24, 2017 | $55.40 |
Sep 2, 2017 | $55.40 | Aug 30, 2017 | $55.40 |
Sep 9, 2017 | $55.40 | Sep 6, 2017 | $55.40 |
Sep 16, 2017 | $55.40 | Sep 13, 2017 | $55.40 |
Sep 23, 2017 | $55.40 | Sep 21, 2017 | $55.40 |
Sep 30, 2017 | $55.40 | Sep 26, 2017 | $55.40 |
Oct 7, 2017 | $3.39 | Sep 26, 2017 | $3.39 |
Mary May 7, 2018
Dancan May 8, 2018
djkmoran Sep 26, 2017
Dancan May 10, 2018
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