Electricity installation in our house

John Mwangi

Kahawa West, Kenya

14% repaid

Entrepreneur

Name

John Mwangi

Member since

September 2014

On-time repayments

53 installments  •  75%

About Me

I am currently in a stable relationship living with my girlfriend at Kahawa West.I work as a civil servant but also practise farming as a venture.I possess a Diploma in Purchasing and supplies from the Kenya Institute of Management(KIM).I started farming business to increase my earnings after realizing that the monthly salary was not enough.I also wanted to fulfill my want to become an employer and provide some source of livelihood to the unemployed.I use my business income to pay wages, cater for farm expenses and also help some needy people in our community.During my free time,i like to go swimming,watching football,taking adventurous trips and visiting the needy.

My Business

I am a civil servant but also practice farming as a business.i keep dairy cattle,keep layers and also horticultural farming(tomatoes,capsicum,kales,spinach and any other seasonal crop that is on demand in a particular season.The reason i choose these is that they are always in demand and their supply is never enough.the growing population always provides ready market for my produce.These customers prefer my fresh farm produce as it is well produced and they can attest to that.Challenges in these business include funding,emerging pests and diseases and insecurity.I try to manage the best i can to save my produce though sometimes it's tricky.On average,i run at monthly costs of $150 since am not that much established.i would like to expand this farm in order to improve the income.currently i make sales of about $400 hence making profits of about $250. I would like to increase these profits to over $1000 a month.I have never experienced losses in my business venture and therefore, i am confident that any loans from zidisha community will be serviced from my venture.in case of uncertainties,then my salary will help me repay my loans till the business picks up.

Loan Proposal

Hi dear lenders, I wish to install electricity in our house, we have a solar power which doesn't provide enough light and energy, i wish to use $ 600, I will pay $350 to Kenya power and lighting company. I intend to buy materials for $250 and Labour for $50,I have a small saving. I will pay the money promptly through my other investments that include dairy farming and crops farming, This will assist very much in grinding farm feeds for our animals We will be glad if our request is honoured, Our area is very dark during the night and makes insecure for my child and my wife. We thank you in advance. God bless you all

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$535.36

Date disbursed

Feb 12, 2016

Repayment status

Late

Projected term

3 months

Cost to entrepreneur

Service fee: $22.23

John opted to pay $107.96 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

ElWal

Kirn, Germany

Haim Si

Mexico, Mexico

PG

Paul Graham

United States

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