James

Bungoma, Kenya

6% repaid

Entrepreneur

Name

James

Member since

August 2013

On-time repayments

68 installments  •  9%

About Me

i am married with a girl called sasha and my wife is a teacher KIMS college bungoma branch.
our daughter has just joined nursery school these year.
as explained here above,live in televister view and i have a business selling accessories and i am in the first shop where i live behind it.
The front is my business and behind is actually where my family and i reside.i finished a diploma in information technology and that is why i opted to opening a business related course to assist me gain more.
Apart from owning a shop as an accessories shop i work with Kimilili boys high school as an expert.
i buy thing like locks,wires electrical s bulbs ,mobile phone batteries among others.
it actually assists me so much i frequently i sell and also get the job to go and work for my clients when i am not at work.

My Business

Actually i always put my business at first as what i generate there really helps me and my family.
I will use the good profits that we derive from the business to pay the loan promptly.we stock things like locks,wires electrical s bulbs mobile phone batteries among others.
These goods are very profit able as i am the only person selling these in the are though my competitor are not near,i do sell and service.
The risks are transportation of goods e,g expenses these is because my goods normally comes from Nairobi and Mombasa and we are in the border of Kenya.

Loan Proposal

I would like to take these opportunity appreciate the far Zidisha micro finance has brought me.My business has improved a lot.I take these opportunity again to came to you again and request for a second loan.I will be able to add more electrical materials are really profitable considering building in my area is common.
i will appreciate it so much!

Feedback

None

None

3



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Loan Info

Project Type

Classic Loan

Disbursed amount

$308.00

Date disbursed

Dec 6, 2013

Repayment status

Late

Projected term

64 months

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  • Kjartan    Jun 10, 2014

    I see that you are behind on your repayments. Any update on your situation and/or small repayment would be appreciated.

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  • Landei    May 27, 2014

    Hello James, how are you?

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  • CZC    Mar 18, 2014

    Mr. Karanja,

    I see that today, March 16, you have rescheduled your loan for a second time. Rescheduling is not a problem, but should be accompanied by an explanation as to why. Your initial repayment time frame was 17 months which was then increased to 24 months and now to 64 months. Could you let us know why such a drastic increase (from 1.5 years to nearly 5.5 years)?

    Thank you,
    Cris

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  • James    Mar 16, 2014

    i was in Uganda and i contacted my mentor who lied to me that he has rescheduled my loan up to next month.
    i just came in today and checking it nothing was done.
    my business has been running well though and i will be making payments next week
    Thank youi was in Uganda and i contacted my mentor who lied to me that he has rescheduled my loan up to next month.
    i just came in today and checking it nothing was done.
    my business has been running well though and i will be making payments next week
    Thank you.

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  • Kjartan    Feb 15, 2014

    Hi James,

    Thank you for the update and best wishes for you and your business!

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  • James    Feb 8, 2014

    Dear Giucca and my entire lenders,
    i was in Uganda and i contacted my mentor who lied to me that he has rescheduled my loan up to next month.
    i just came in today and checking it nothing was done.
    my business has been running well though and i will be making payments next week
    Thank you.

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  • Giucca    Jan 30, 2014

    Hi James! I hope you are doing very well. When you have time please let us know how are things going. Thanks you!

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    • James    Feb 8, 2014

      Dear Giucca and my entire lenders,
      i was in Uganda and i contacted my mentor who lied to me that he has rescheduled my loan up to next month.
      i just came in today and checking it nothing was done.
      my business has been running well though and i will be making payments next week
      Thank you.

      Log in to reply • Share
      • Giucca    Feb 8, 2014

        Hi James! Thank you for the reply. It's good to know that you are doing fine. I'm not sure but I think you have to make at least one payment before you reschedule your loan. But as I said - I'm not sure about that. Please check it with your mentor and Zidisha. Best wishes!

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  • James    Jan 13, 2014

    his page allows you to propose a change to your repayment schedule. If you choose to lengthen your repayment period, you will be asked to pay interest for the additional time the loan will be held, at the same annual interest rate as is applied to your current loan repayment schedule. If you shorten your repayment period, the interest you will be asked to pay will be reduced.

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  • James    Dec 7, 2013

    Thanks! And i say thanks! The loan has already been disbursed to me as faster as possible. I will be adding the stock today to start investing as soon as possible.
    Thank so much lenders and GOD BLESS YOU.

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  • James    Aug 12, 2013

    it was really a busy day for me today,as soon as my loan was disbursed i was very happy and today i was able to add a view stock and add to my working capital.i am very glad and i will keep informing you on how my business will be performing and believe me you from the introduction of Zidisha micro finance,i just keep focusing a head as i see my dreams coming true now.
    i want to wish you a lovely week and more so God provide more for you as assist those in needy.Its only him who will repay you!!

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  • James    Aug 9, 2013

    Thank you all my lenders for funding my loan.i promise to keep communicating to you, have a lovely day and a weekend too!

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