Zidisha |

Simon

Kiptangwanyi, Kenya

100% repaid

Follow Simon

How it Works

Entrepreneur

Name

Simon

Member since

November 2011

On-time repayments

97 installments • 20%

About Me

I am 32yrs old, married with 2 kids, one in pre unit school. I am a graduate teacher in a public school called Muriricua Secondary School in kiptangwanyi trading centre. I teach Mathematics and Business studies. I reside in Kiptangwanyi shopping centre which is about 42 km from Nakuru town. I am a tenant in plot number 102 house number 1.

My Business

My business entails the sale of hardware materials. I sell cement, paints, roofings, iron sheets, wheelbarrows and other building and construction materials. There is very high demand of these commodities since Nakuru is a fast growing town and the demand for housing is very high. This has increased the demand for building and construction materials. I purchase my goods from Nairobi at a relatively lower price hence my customers prefer my goods as I sell to them at a relatively lower prices. The main challenges that my business encounter are insufficient capital, high transport costs and fluctuating prices of commodities. Currently I am using my income and earnings to expand my business.

Loan Proposal

Dear Lenders,
I would like to use my second loan to furthers expand my business by purchasing more stock for my hardware shop. With more funding the business is promising in terms of profitability. The first loan did help me alot a and the revenues I am getting from the business has increased. I therefore would like to thank the lenders for their continued support and promise to be more aggressive in expanding the business with my second loan.

Feedback

Positive

Neutral

None

Negative

Loan Info

Project Type

Classic Loan

Disbursed amount

$1,200.00

Date disbursed

Aug 10, 2012

Repayment status

On Time

Projected term

14 months

Other loans

Dec 2011: $566

Sep 2013: $2,285

Lenders

Toronto, Canada

Steiermark, Austria

Perth, Australia

San Francisco, United States

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

Please log in to comment.

J
jjonas Oct 30, 2014

Dear Simon Wanjohi,
Please dont leave me in vain!
What happend??
Thanks

Log in to reply • Share
Cricketca Mar 21, 2014

Hi Simon,

How are you and your business doing? It has been a while since we heard from you, and I am concerned about you.

Best,
Kristin

Log in to reply • Share
Kjartan Mar 5, 2014

Hi Simon,

It would be nice if you could give us an update.

Kjartan

Log in to reply • Share
mewesten Jan 27, 2014

Hi Simon,
I understand that your business was slow.
Now that your rescheduled date has passed, I recommend that you contact your lenders and let us know what you intend to do. We deserve to hear from you.
I also recommend that you being to make small steady payments. That will go far to demonstrate your good faith for future loans.
Thank you.
marvin

Log in to reply • Share
Cricketca Jan 27, 2014

Hi Simon,

How has the business done this past month? Is school going well?

Log in to reply • Share
Simon Dec 15, 2013

Dear,lenders,I wish to reschedule my loan because my business is not doing very well as per now and I wish to hold the money lend to me for sometime. Furthermore,I have been using my profits to pay for my postgraduate degree(MSC in Project Management).I am committed to make the repayment in full and on time.Thank you all for your continued support.

Log in to reply • Share
- mewesten Dec 15, 2013
  
  Hi Simon,
  Sorry to hear that business is slow. I also understand that you have other, personal priorities that require money. Zidisha lenders are a kind and caring people who want to see our Zidisha partners succeed.
  Given that understanding, I recommend that you continue to make steady monthly payments, even if they are small. That will go far to demonstrate your good faith for future loans.
  Wishing you well in pursuit of your PM-MSC! Marvin
  
  Log in to reply • Share
mewesten Nov 30, 2013

Hello Simon,
Today your first payment arrived for the new loan. Thank you for that.
I hope the new capital has allowed you to expand your business.
As the economy expands construction supplies should be a very good business to be in. If you have time please send us a note and let us know how you are doing.
Best of luck.
Marvin

Log in to reply • Share
Simon Sep 7, 2013

Zidisha microfinance has passed the litmus test and this cannot go unmentioned that this is the only in the world that cares for its members keeps the needs of the members as the first priority. Personally I can confess that my life has really changed since I joined Zidisha. My hardware business has significantly improved and I make good revenue from the business. I can now give good education to my two sons. I am also working hard to make sure that I always repay my loan on time. May God bless Zidisha family forever.

Log in to reply • Share
Simon Sep 7, 2013

I would like to take this opportunity to reschedule my loan repayment and wish to repay all my outstanding balance at once. It is pleasure to do this as my business is doing well at this moment. I am humbled that Zidisha has played a very important role in my life and I am in a position that would otherwise have been very difficult to arrive. Long live Zidisha microfinance and may God bless Zidisha family always.

Log in to reply • Share
Simon Oct 10, 2012

Dear Lenders,
I would like to reschedule my loan repayment. The reason for doing this is because my business has not picked on well since I invested all the loan that I got in the business and thus I would need some more time. I am positive that by the end of the two months it will have picked on well and when I start repaing I will not have any hindrances.

Log in to reply • Share
Simon Sep 4, 2012

HI all zidisha lenders.I wish to thank you all for partnering with me in my Hardware business.My second loan came in the opportune moment,other than buying additional Hardware materials, I was able to set up an M-pesa agency which I have now operated for two weeks within the same premise . I found it necessary because it complements the Hardware business.Thank all Zidisha lenders and God bless you all.

Log in to reply • Share
COOPITALIST Aug 8, 2012

All the best in your hardware business, Mr. Wanjohi. I look forward to your success.

Sincerely,
WONGNOW

Log in to reply • Share
- Simon Sep 4, 2012
  
  thank you very much indeed WONGNOW.i am doing all i can to try and expand my business.thanks for your partnership.
  
  Log in to reply • Share
Simon Mar 26, 2012

hi lenders,
I would like to take this opportunity to thank all Zidisha lenders for their continous support to small scale businesses in our society. My hardware business is doing well especially after receiving the loan from Zidisha lenders.I bought more stock, and introduced new item such as binding wire, ironsheets, waterproof cement, wheelbarrows and construction iron bars.
This has increased my customers and my profitability levels risen.Am very much committed to repay my loan in good time.May God bless Zidisha.

Log in to reply • Share