James

Migori County Kokuro Village, Kenya

100% repaid

Entrepreneur

Name

James

Member since

August 2013

On-time repayments

84 installments  •  75%

About Me

My names are James Ndolo Adera, I was born in 1983 in Migori County, Nyanza province, Awendo District, Rongo Division, Central Sakwa Location, Kombok Sub - Location, Kokuro Village. I went to Kokuro primary in 1989 - 1997, I joined Kanyawanga High School in 1998 - 2001 and I went to the College of Accountancy Ruraka Nairobi in 2004 - 2006. I am a married man with one wife Mrs Lucy Kagire and we have 2 sons.

I am employee of Transmara Sugar Company Ltd as Sales Accountant and same time A businessman.

My Business

I James Ndolo Adera I am Resident of Awndo Town, Currently working at Transmara Sugar Company Limited since June 2012 till to date as a Sales Accountant and also same time as Treasurer at Transmara Sugar Company Sacco Limited.

I James Adera, Again I am a Business man operating in Awendo Town. I have a one motorbike which operating between Awendo town and Rongo Town area and per day making a daily income of Kshs 400 after paying the operator and any other services required from Monday to Friday. I am also operating another business in Awendo Town whereby am selling new and Refills of gas cylinders, grills, burners, both 3kg, 6 kg and 13 kg. horse pipes, regulators and lanterns.

In this business I make a net of Kshs 1000 per day . There is a lot of demand for the cylinders due to extinguishing trees for making charcoal and fire wood. The business is still young due to little capital base but can do much better given access to enough capital. Currently averagely per day we sale four, 6kg cylinders and one 13kg cylinder per day and other gas products like grills, lanterns, burners, regulators giving us net as about Kshs 1000 as indicated above.

The business has got it risks as well, to accommodate many customers, we offer credit sales which are to be recovered by the end of every month. This , is not going well with us as some customers opt not to pay in time as agreed. This create a lot of risks of bad debts and additional costs of following up these bad debts. The business also, encounters competition from the local petrol stations which offer competitively lower prices due to their huge capitals base compared to my business which is still young and growing. The customers prefer my business as we offer free deliveries within the town, good customer service they get from my two workers who manage the business and the credit facility we offer to them.

Loan Proposal

I would like to thank the entire Zidisha community for the chance they have given me again to apply for my second loan which I would use to add my gas stock . During this period we expect less sales as the parents are busy to get their kids back to school hence, more school is needed. The loan will also help me to get my kids fees to clear as we expect more sales again from February henceforth.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$152.00

Date disbursed

Jan 29, 2014

Repayment status

On Time

Projected term

4 months

Lenders

C

chkuo

Taipei, Taiwan

eagle3

Grand Ledge, United States

D

drjofleming

UK, United Kingdom

Zidisha

Sterling, United States

P

planespotter

Berlin, Germany

Namaste250

Pittsford, United States

ads68

Melbourne, Australia

P

Person70

Siberia, Russia

Sarasota

Sarasota, Fl, United States

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