Entertainment business to fund sister's education

James Murage

Meru, Kenya

100% repaid

Entrepreneur

Name

James Murage

Member since

January 2015

On-time repayments

324 installments  •  45%

About Me

Thank You for your interest in my profile. My name is James Mugwe, a 29 year old Kenyan. Right from my childhood days, my parents molded me as an honest, hardworking and determined kid, and I have kept these attributes to date. About my education, I successfully attained Secondary education, and did not make it to college although I had passed well. My parents could not make to take me to college and educate my siblings at the same time, but I am still thankful for their effort this far. Due to this reason, I have a special priority and passion for education. Whenever I get a chance, I mentor young people in primary and secondary school to take education seriously. I have a younger sister who is 8 years old and she depends on me entirely for education fees. She is very bright in class, and she motivates me to work even harder to make sure that all her education is financed without making her suffer. I have a very special interest for entertainment, and I own a gaming shop. The business has been impacted heavily by the support from the Zidisha Team. Although I come from a humble family, I can now feed my family and support my little sister’s education. Besides, I also like charity work, and I help, mentor and inspire the less fortunate whenever I get a chance. For example, we have formed welfare called “Friends of Friends” with the neighboring business people. We visit orphans and the aged during weekends. Zidisha the best financial partner I have experienced in my entire life. Any assistance from dear lenders is welcome.

My Business

My business is located at Meru Town, Tom Mboya street, at a corridor in Stanstead building. At this premise I own a gaming shop where kids come and play playing station games. At this shop, I have two playing stations (PS2) and two 24” screens. I have also created nice sofas for my customers so that they get comfortable when playing games. I charge $ 0.22 per game. Most of my customers are school kids, therefore the peak-time is past 4pm, after they have left school. The challenge I am experiencing at the moment is that the time that these kids have before they go home is very limited, and most of them do not play the number of games they would want to. Due to this reason I am seeking assistance once more from Zidisha team to assist me raise some money to set up another station soon. On a good day, I make between $ 5.56 to $ 8.88. I also own one desktop and a monitor. In future I will use the desktop during the day before most kids are out of school. The desktop in my business will burn movies for selling to local customers. The expenses in my business include paying house rent, electricity charges and replacing gaming pads as well as Maintenance such as painting or furniture works. I have a dream of creating a Mega gaming arcade in Meru town. The reason I joined Zidisha is because I found a chance for young people to secure loans for their business, as well as mentorship and inspiration.

Loan Proposal

I have a gaming shop that is located in Meru town. Precisely, most of my customers are young kids who spend their free time playing games at my premises for a fee. At my premises I have two Playing stations 2 and two 24’’ screens. I also have one desktop computer and a TFT. The reason I joined Zidisha community is to benefit from the loans that the community offers as well as being an inspiration to fellow focused young people around the world. I charge twenty shillings per game in my gaming shop. In a good day, I make up to 500 KSH. Other expenses in my premises includes electricity bills, rent and replacing the gaming pads. I have a dream of creating a mega gaming archade in Meru. My short term goal at the moment is buying a movie duplicator that will allow my business to be diversified. In future, I also intend to buy one PS3 ( $333.33) and one PS4 (555.55) . I am confident that I’ll make it with your support and it will be much easier financing my little sister's education. The value of the duplicator I intend to buy is $197.84. I know the amount requested in the loan is way lower than the value of the duplicator, but I will ask for support from friends and top up the other amount with my business' profits and savings. I hope to get assistance from dear members. Cheers!

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.16

Date disbursed

Jan 14, 2015

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Lender interest: $100.16 at 6.80% annual rate over 2 months = $1.38

Service fee: $0.76

Lenders

T

Tmann

Los Angeles, United States

carlos vendrell

Barcelona, Spain, Philippines

D

Davieboy

Melbourne, Australia

Hope2012

United Kingdom

Raoul72

Naarden, Netherlands

E

evanglend

Arlington, United States

B

blahblah

Nuernberg, Germany

J

jdhowa2

Louisville, KY, United States

beverly

Vancouver, Canada

CharlieBfl

Vaduz, Liechtenstein

J

jjonas

berlin, Germany

B

Bavarian

Bavaria, Germany

rasmus

Bern, Switzerland

ads68

Melbourne, Australia

T

thebonseung

Republic of Korea

A

adamdreaming

United States

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  • James Murage    Oct 13, 2021

    Am adjusting due to economic hardship am goiong through

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  • James Murage    Aug 30, 2021

    PH2144NQS1 this transaction has never been credited to my account,kindly recheck

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  • James Murage    Aug 21, 2021

    Hello,Am adjusting because of the situation that am in,the business has been very low to an extent of struggling to pay the house rent but i hope all will be well.

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  • James Murage    Aug 5, 2021

    hello,i deposited some amount and upto now it has not reflected and am sending even the e mail it aint going no response,,,,,kindly assist

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  • James Murage    Aug 3, 2021

    Hello i deposited yesterday a hundred bob and is not reflecting,kindly check.

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  • James Murage    Jul 8, 2021

    the instalment is too much for me and the way the business went down,,yhings aint good over here.

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  • James Murage    Jun 30, 2021

    Hello,the reason as to why am adjusting the instalment its because of the way business has gone down and am getting very little even to pay the bills its a hassle but am hoping for better in a near future.

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  • James Murage    Jun 18, 2021

    hello,its because of the nature of business the business went down and the school calendar changed the customers who mostly are students are school most of the times because they are given 2days mid term and they close for just a week.

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  • James Murage    Apr 28, 2021

    its because the busines has really gone down ,,even this i will be paying in bits to my capability.

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  • James Murage    Apr 26, 2021

    hello,the least amount you are allowing me to pay when i want to adjust the instalment is still much for me,can you give a lower amount?

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  • James Murage    Apr 13, 2021

    The business has become so hard for me.everything has changed.

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  • James Murage    Apr 9, 2021

    Goodevening,things are going from bad to worse.Kindly would allow me to adjust to a smaller amount

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  • Patrick Macharia    Feb 2, 2021

    He had promised to reschedule his weekly instalments downwards due to business hardship.

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  • James Murage    Jan 5, 2021

    Am reducing due to some financial constraints am going through.

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  • Janice Njoki    Dec 18, 2020

    He is compalinibg about his business not doing good as a result he is left with minimal profit to service the loan on time.

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  • James Murage    Nov 25, 2020

    Good evening.Things went bad here due to covid 19 people do not for gaming and even movies most of the have installed internet in their homes hence they dont come to towns to avoid the so called crowding.

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  • James Murage    Oct 28, 2020

    Good evening i have changed the schedule due to some challenges i have been facing though this round i will pull up socks,

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  • James Murage    Sep 24, 2020

    Good afternoon,Am reducing beacause of some financial constrains am going through here in my business due to the authority.

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  • James Murage    Sep 9, 2020

    Good evening,Am reducing because of some of commotion which is in our business premise due to disagreement between the brothers who are the owners of the plot,actually am looking for another shop i vacate the one am in.

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  • Wilberforce Okelo    Sep 4, 2020

    I have been in touch with James and he said he is experiencing financial difficult and says he gonna do instalment adjustment

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