James

Nakuru, Kenya

24% repaid

Entrepreneur

Name

James

Member since

May 2013

On-time repayments

28 installments  •  18%

About Me

my name is James Gitundu Njuguna and a resident of Lanet Estate of Nakuru town that is five kilometres from the town centre. l am a businessman and do have a Malimali shop in town where l sell all assorted china products.am married with two children who are both in primary school here in nakuru town.After completing my secondary education l was not able to join college due to lack of school fees. This made me to look fora job in town where l was employed as a sale person by my neighbour who had a malimali shop.But after working for three years and with the little capital l had l started my own business that l manage up to date.luse the income from the business to provide for my family as well as re invest back to the business.

My Business

malimali business is very profitable if well managed.l deal with all sort of plastics,clothes especially for young ones, umbrellas, shoes just to mention a few.l buy my stock from the wholesalers in Nairobi and retail them at a profit margin of 20%. this enables me to have a high sales turnover hence having more profit. on average am able to make a net profit of ks 25,000 per month after deducting expenses such as rent and transport cost.Though there is lot of competition here in Nakuru l do exercise customer care so as to attract and retain customers.also l do sell on discount so as to make sales.if given the loan l will add more stock to the business so as to increase the sales.

Loan Proposal

dear my lenders, am so happy to get this second chance to post my second loan application. am doing well in my business, and with this second loan, am going to add more stock in my business, so that i will be able to serve more customers without any problem.i will add many many commodities in my shop which has been missing in my shop. i hope to continue with this wonderful platform.

Feedback

4

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Loan Info

Project Type

Classic Loan

Disbursed amount

$213.00

Date disbursed

Nov 11, 2013

Repayment status

Late

Projected term

23 months

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  • James    May 23, 2014

    HI LENDERS, its my sincere hope that you are doing well. as i had updated some of you through my phone contacts , i was attacked by thugs on march early this year while on my dairy duties in my shop. that made me to be unable to make my repayments as required.am now recovering , with no problem.to emphasis on that, my business had turned down for quites sometimes back. but through GODS efforts, am pleased to inform you that am well feeling and okay. and i have started making my loan repayments as usual. i hope to continue with this wonderful platform which has boosted my business in a very positive manner . on the other hand, my family is doing well. my little kids are schooling with no difficulties. i hope this not finds all my lenders fine. best wishes to all of you

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  • nycjen    Mar 7, 2014

    Hello everyone,


    I am Jenna, a volunteer with Zidisha. Mr. Gitundu asked us to pass along that due to an illness in his family he is unable to currently make payments, but plans to be able to pay in May 2014.


    Best wishes,
    Jenna

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  • CZC    Feb 23, 2014

    Mr. Gitundu,


    Could you give us an update on how your business is doing and when you might be able to start repayments? I truly hope everything is OK.


    Thanks and best wishes,
    Cris

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  • James    Dec 20, 2013

    dear my lenders, i hope you are fine. i have decided to reschedule my loan this month, this has come to low turn up of my business. the business is so down this month. i this case, i have decided to reschedule a period of one month.i hope to continue making my loan repayment without any problem.most of my customers has travelled to their rural homes for christmas.

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  • James    Nov 7, 2013

    dear lenders am so grateful to entire zidisha team, and all lenders who has been participating in this exercise its very grateful to me for your much concern.am doing well, and i had fully paid my loan without any problem.i hope to continue with this wonderful organization.am now planning to make my second loan application so that i can stock my business.

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    • beverly    Dec 6, 2013

      Hi James, I am happy to hear that your business is doing well. Thanks for repaying your loan! I will be happy to support your second loan once it is posted.

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  • James    Sep 27, 2013

    dear lenders am very fine doing. my business is going well without any problem. in fact i have bought a very good car which helps me in transportation of my goods from nakuru town to my place of work.this is great to me.more customers are flocking in my shop to consume goods from my shop. i hope this is a very big progress.i need more cash to add more stock in my shop to serve more customers. am very greatful to zidisha.

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  • James    Jul 24, 2013

    dear zidisha, am doing so nice with my business. the loan you gave me has helped me alot. i have added alot of new commodities in my shop. this shop serve most of my neighbours. they like my shop. am very greatful to zidisha and all lenders. i hope to repay the loan within a very short time , so that i can be able to borrow another amount which will help me in stocking my business. thanks so much lenders and the entire team of zidisha.

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  • James    Jun 18, 2013

    dear my lenders, am so grateful towards your good cooperation, am very thankful to zidisha for the disbursement of my loan. this is great. my lenders i hope to make my repayments as fast as possible since this platform might boost my small shop to a bigger one.this is a very good platform. i have added several's stock in my shop with this little amount. i hope to borrow much more money in this organization so that i can add more stock in my business to serve more customers. thanks so much all my lenders, i wish all of you a very good time.

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