James Mwangi

Ongata Rongai, Kenya

17% repaid

Entrepreneur

Name

James Mwangi

Member since

July 2011

On-time repayments

101 installments  •  14%

About Me

My name is Nuthu Mwangi and i am A Zidisha Volunteer mentor based In Ongata Rongai In Nairobi Kenya.I come from a Big family of 10. I am Married and have 2 kids, a boy and a girl I have high school level education,I have more than 10yrs experience in Retail Business and Service industry, I own a mobile mattress cleaning company.and taxi cab business in Ongata rongai.Township.I have borrowed twice from Zidisha and comfortably paid back all the loans plus interest . the loans from zidisha has helped me uplift my business and my life. With the kind of interest banks in Kenya charge zidisha is a savior and you lenders are wonderful.

My Business

In mid Last year 2012 I started a taxi cab service in Ongata rongai an outskirt town of Nairobi . A town which has been developing very fast in fact its the leading town in Economy and development in Kenya where i am the only person operating a Branded taxi cab service in the wide Ongata Rongai area. My cab is branded Ongata rongai cabs .and the business has shown high potential of growth and so far i am planning on expansion.My cab business has continued to improve as i started by hire-purchasing the cab first but of now its fully paid, and i have a plan of getting another one in the near future.the cab business is a easily manageable business with high demand in this middle income estate where business people and residents who are ever busy increasing everyday. I have branded my cab and is packed near a bus stage where its easily visibly From the road >This attracts customers and makes it very presentable.I keep my cab always clean and i am on- time and this has made customers always come back to my cab,there are challenges like the ever increasing fuel prices and traffic Jams but with time i have gained knowledge in fuel saving driving and short routes.With a monthly turn over of Kshs 65000 the costs are fuel 25000 servicing 7000 i am able t make about 30000 every month and that's a good business.The Loan i had taken from zidisha has helped make this business a success and i am a great supporter of zidisha

Loan Proposal

Hi lenders,
Thanks again for supporting me, I am asking for a loan of KES.124,000 from you lenders.With this loan i am planning on putting all of it as a deposit for the purchase of a vehicle i am buying to increase the number of cabs to two. This is due to positive results from the one have and improved business environment.after successful and peaceful elections last month. I appreciate your continued support and i promise to honor my .part of agreement. the previous loans has helped me and has put me in a secure place financially and i hope this loan will move me a step high.
Thank you
James mwangi
Volunteer Mentor Ongata Rongai Kenya

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,476.51

Date disbursed

Apr 17, 2013

Repayment status

Late

Projected term

87 months

Cost to entrepreneur

Lender interest: $1,476.51 at 4.70% annual rate over 87 months = $503.70

Service fee: $373.80

Lenders

M

mikedufty

Perth, Australia

E

Errol

Bradenton, FL, United States

Brian

Midhurst, Canada

D

Delph007

Den Haag, Netherlands

valentin

Stockholm, Sweden

KYLE LARSON

Little Falls, United States

H

hickorynut

Hickory, United States

K

Krokslatt

Mölndal, Sweden

YB Song

Seoul, Republic of Korea

B

Bpryse

Long beach, United States

Ginoir

Worcester, United Kingdom

Blond56

Victoria, B. C., Canada

E

Emerald

Pompano Beach, United States

J

JBosshardt

Redmond, United States

MaxEmerika

Sonoma County, California, United States

W

Withnail

Reading, United Kingdom

LA

United States

Kjartan

Oslo, Norway

G

giaco

madrid, Spain

michellev

Melbourne, Australia

G

guenter

Bremen, Germany

J

JakeA

Wellington, New Zealand

rodcul

Altea, Spain

beverly

Vancouver, Canada

Scott Walker

Canmore, Canada

H

hanso

Arendal, Norway

russell

leicester, United Kingdom

T

tonilends

catalonia is not:, Spain

BenRump

Washington DC, United States

Sundstroms

Falun, Sweden

andreasol

Bielefeld, Germany

K

kaf121

Lynnfield, United States

P

Pelle

Ragusa, Italy

A

aiban

Austin, United States

Taata

Multia, Finland

Namaste250

Pittsford, United States

B

Butters

San Jose, United States

mewesten

Waynesboro, United States

Ingela

Falun, Sweden

B

BenBurum

BOXBOROUGH, United States

G

Gwencalon

Garching b. Muenchen, Germany

GS

Gary Sinard

Franklin, TN, United States

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