Company registration, office set-up, upgrade motorcycle

James Chege

Irigu-ini, Kenya

100% repaid

Entrepreneur

Name

James Chege

Location

Irigu-ini, Kenya

On-time repayments

267 weekly installments  •  95%

About Me

I am the second born son in a family of four. My younger two siblings are girls whom we used to cook for with my older brother as our parents went to work.
I was brought up in a tiny village Central Kenya, Mount Kenya region.I started basic education in a local school and cotinued to primary education. As young boys i recall as we went swimming in a river that flows down deep ridges and our parents got worried very much.
Later i went to Thika town for my secondary education at Thika High School.
Later i went to study Aircraft Maintenance course in our city Nairobi at Wilson Airport and got a certificate in engine & airframe.While there i also studied Electrical science. I got employment in a local maintenance firm that later collapsed. From there i started vending fresh vegetables at Wangige Market near our city Nairobi.
At Nairobi life wasn't easy at all. At some point i decided to live in the slums because good rooms were so expensive to rent. So i moved to Dandora slums. I even went a step further to walking half distance to work and half by bus to save some cash.
In early year 2015 i felt it was time to be an entrepreneur because i was still struggling for my needs. I had enough skills so retreated back to the village where my Mum gave me a small room to establish a workshop at home. Life was so hard trying to establish myself until ZIDISHA came to my rescue where i got a loan to rent a big workshop in our local shopping center where i have grown steadly. Thanks to all Lenders.
Every year i pay 70 USD to our local county authority for business licence and a monthly rent of 70 USD. I also pay 170 USD per week to wages of my employees.
I do re-invest my profits in my business, support to my parents and my siblings,also community projects contributions and also buying construction materials for a rental house i keep on developing and adding more units. I also support two elderly women who are about 100 yrs old by visiting them regularly. Of late am also supporting an old Man, a war Veteran through food stuff. I love caring for the needy.

My Business

My business operates under the name Jaycobs Electric & Building Services. I operate a workshop and a sales section where we sell electrical fittings, lightings, conduits, electronics repair, and offer consultations.
In the workshop we do electrical and electronics repair, mechanical repairs and installations.
In average we make a monthly profit of 700 to 900 USD.

Loan Proposal

Zidisha microfinance has brought me this far. I feel i got the strenghth to take my business to the next level.
I have a dream of employing 100 young ladies and gentlemen and give them a foundation of becoming self dependance.
With the loan am planning to register my business as a company which is a requirement in Kenya for one to apply for a Supply or Service Tender. As a company CEO i will have the capability of handling big tenders and finances and in turn employ many staff members.
I will also do alot of inventory with the loan as follows;
Company registration. 300USD
Office setup. 400USD
Tools upgrade 70USD
Business re-painting 60USD
Fittings inventory 350USD
Cables inventory 400USD
Conduits inventory 70USD
Motorcycle upgrade 400USD

Feedback

2

None

None

  • Mary    Nov 14, 2018

    James is an excellent Zidisha Borrower. He sets a clear business plan and strives to fulfill the needs of his community. I recommend lending for his future loans!

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  • camilberlin    Mar 19, 2017

    Paid back full and on time, and let us know how he is doing. On top of it he is a volunteer mentor. Will lend again any time. Recommended!

    Log in to reply • Share
    • James Chege    Mar 24, 2017

      Thank you very much for making my dreams come true. Am aiming higher.

      Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$2,021.16

Date disbursed

Aug 29, 2018

Repayment status

On Time

Projected term

20 months

Cost to entrepreneur

Service fee: $90.86

Credit risk payment: $272.57

Lenders

W

WilsonLending

Atlanta, United States

M

marvin24

Giessen, Germany

YB Song

Seoul, Republic of Korea

J

johnbireland

Dublin, Ireland

A

anonymus

Moon, United States

Pere

Barcelona, Spain

Jeff and Marcie

Portland, OR, United States

4

42Theo

London, United Kingdom

Apmay

Melbourne, Australia

T

tmsaddress

Orlando, Florida, United States

C

chrisherron

Chicago, United States

tasos

hove, United Kingdom

ElWal

Kirn, Germany

trevbot

Montreal, Canada

K

KDeath

Dublin, Ireland

G

glomardor

Leonardtown, United States

E

ebronken

Oslo, Norway

Cloudways

Malta, Malta

pentatonicscale

Niiza-shi, Japan

G

Goodwill

Oakland, United States

Cadwah

Barcelona, Spain

J

jerryq

Redding, United States

D

dweiner

Madison, United States

A

Andy

Berlin, United States

JTShorty

Gorham, Maine, United States

G

Goldrivermob

Gold River, Canada

M

Moonknight

Østre Gausdal, Norway

JFais

Atlanta, United States

JOKer

Weisendorf, Germany

O

Ohio

Ohio, United States

L

LenoMetus

Perth, Australia

Freewolf

Salt Lake City, United States

P

Purplejeep

Moravia, United States

M

Malibu

Westwood, United States

N

nycjen

United States

O

osubucks45

United States

R

rossgarlick

United States

N

nlane

Vietnam

N

nswanberg

United States

M

merk85

United States

B

bugdaniel

Switzerland

S

sarah4d2

Saint Louis, United States

J

jsbisa

New Orleans, Louisiana, United States

TyWee

Manila, Philippines

V

vbud

United States

D

DStateDDB

United States

W

wesbh89

United States

J

JonAlec

United States

K

Keith

Luxembourg

M

me.iulian

Iasi, Romania

B

beegkitty

United States

R

ross22

United States

SK

Sebastian Krohn

Amsterdam, Netherlands

Jonas

Switzerland

Jeroen Decock

Gent, Belgium

A

AER

Germany

Lauren

United Kingdom

Robert

Sweden

MZ

Matt Zirwas

United States

SMOICE

Berlin, Germany

Paul

Crandon, United States

Herbert Morin

United States

Kate Courteau

United States

T

thedan33

Czech Republic

Kristin Rhodes

Kansas City, Kansas, United States

KD

Kent Don

United States

Cameron Graham

Nashville, TN, United States

ME

Manaal Eisa

Washington DC, United States

TH

tom hd

United Kingdom

Pedro R-C

Cambridge, United States

RV

Rob Van Dam

United States

N

Nick

United States

N

Nino

Switzerland

M

Marzl

Germany

AG

abel ghita

Bucharest, Romania, Italy

Wayne G

United States

R

Ryan

United States

C

Cecilia

United States

Thomas

Sweden, Sweden

CC

Chris Cutter

United States

LD

Luã de Souza

Sydney, Brazil

L

LK

United States

T

Tom

United States

R

Rolands

Taichung, Taiwan

GG

Gituru Gitumbi

Seattle, United States

roark22

Geneva, Switzerland

MB

Mark Blatter

United States

WL

William Lisa

United States

N

Nancy

United States

E

Elynne

United States

W

Wim

Netherlands

SA

Steve A

Newbury, United Kingdom

GC

Greger Cronquist

Göteborg, Sweden

BW

Betty Waweru

United States

Angela Linwood

Minneapolis, Minnesota, United States

A

AJ

United States

EB

Erika Barraza

United States

RC

Roy Chicky Arad

tel aviv, Israel, Israel

JA

Jan Andresen

Hamburg, Germany

LZ

Li Zhang

United Kingdom

Sinan Taifour

Munich, Germany, Germany

Bart Vogelzang

Ladysmith BC, Canada

J

jeananne

United States

RE

Richard Ellis

United Kingdom

A

Ari

United Kingdom

JD

JASON DORSETT

United States

Ellen

Michigan, United States

HCPSPIRIT

Helsinki, Finland

EC

Edward Conrads

San Francisco, United States

JF

J Fister

United States

John Sercel

Florence, United States

Salvatore Martello

New York, New York, United States

Emily

San Francisco, United States

R

RMIM

United States

A

Anabell

Elizabeth, United States

DW

Dan Winetsky

United States

B

Brian

Rancho Cordova, United States

M

Mary

United States

Katja

Switzerland

F

Florian

Netherlands

Keith Chan

Toronto, Canada

AS

Ajay Sharma

United States

S

S

Canberra, Australia

GA

Gabe Arnold

United States

C

Corran

United Kingdom

Thereze Ovid

Brooklyn, New York, United States

Kelsey Lesko

San Francisco, United States

N

Nicholas

Australia

JF

Jon Freach

United States

S

SmartDoDo

Utrecht, Netherlands

L

lysander

Australia

AP

Ariel Pollak

United States

CoBon

Stubbæk, Denmark

D

Daniel

Hong Kong

E

EJOBIV

United States

petter

Finland

CP

Carina Paton

United States

Frank Bailey

United States

WM

Will Martin

United States

DY

David Yang

Vancouver, Canada

SN

Sam Noyce

United States

Carsten Thurau

Hopsten, Germany

B

Ben

United States

Magnus Palmgren

Gothenburg, Sweden

G

Gabi

Turkey

I

Ivan

New York, United States

We Not Me

St. Paul, Minnesota, United States

D

David

United States

J

John

United States

G

gretel

United States

Francesca

Scotch Plains - New Jersey, United States

AE

Asher Enciso

United States

ZN

Zane Norman

United States

SA

silvia arguedas

san josé, Costa Rica

Cambium Foundation

Kirkland, United States

RS

Ralph Smyth

United Kingdom

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