Samuel

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Samuel

Member since

October 2010

On-time repayments

39 installments  •  21%

About Me

My name is Samuel Ndungu Kinyanjui. I am a father of six. I live at bahati near the centre. My elder daughter is in form four while the last son is only 3 years old. The other four are in the primary school.

My Business

I deal with shoe business where I buy shoe accessories such as shoe soles, laces, polish and other parts. I also buy and sell new and old shoes as a retailer. I mend the old torn ones for those who need them mended. For new shoes the wholesale price depends on the type of shoes and the retailing price depend on the price at whole sale. On average, I make about Ksh 15000 per month which I use to pay the rent (Ksh 1500) for the room where I do business. I would wish to expand my business by adding more stock of the new shoes so that I can make more money. This is especially during the December season because the Kenyans buy new clothes and shoes during Christmas. If I could have a good stock, I expect to sell so much. I would also wish to stock the shop with the school shoes which do well during the new year as most of the students buy especially those joining other schools like form one. I also sell school bags which do well at the beginning of the year.

Loan Proposal

If the loan come at this time i will buy several pair of shoes to be used by the school going children.Our school calendar start now and shoes are in high demand .Old shoes require new soles ,i will buy several shoe soles so as to replace soles for those who cannot afford new shoes especially ladies

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$750.00

Date disbursed

Jan 18, 2011

Repayment status

On Time

Projected term

12 months

Other loans

Lenders

J

jeffb

United States

N

nani

austin, United States

C

CWS

Huntington beach, ca, United States

E

Errol

Bradenton, FL, United States

neffe

Berlin, Germany

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  • Samuel    Jul 27, 2012

    I had a lot of problems. My business was not going well and the other reason I had a lot of problems with daughter. She broke into my bedroom and left with my money and without anything. I was given 10,000 by my friend to renew my job. I was not able to pay and the economy was very poor, but now we are starting to make it somehow. I will start to pay by September. Thanks for being patient for me.

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  • traciyoshiyama    Jul 17, 2012

    July 16, 2012

    Dear lenders,

    Hello, my name is Traci Yoshiyama, Zidisha’s Kenya Client Relationship Manager. I am currently residing in Mugaa, visiting Zidisha borrowers in nearby villages. I payed a visit to Samuel Ndungu in Bahati today. He apologizes for not being able to make his monthly repayments for the past several months. He has informed me his eldest daughter has stolen a large sum of his money and cannot be found. This family situation has caused a great financial challenge for Mr. Ndungu, in both his life and his business. With no money, he has been unable to restock his shoe store. Luckily, last week Mr. Ndungu was given money from a close friend to restock his store. With this new start, he has rescheduled his loan installments and will start repaying in September. He asks that his lenders understand his situation and he thanks everyone for their patience.

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  • JLadieu    May 24, 2012

    Hello everyone,

    Samuel was kind enough to do an interview with Achtinya, our Client Relationship Manager. Here is Samuel's interview on Youtube: youtu.be/sckc6yBpvg8

    -Jason

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  • Samuel    Mar 3, 2012

    I have being undergoing a lot of difficult since i lost my wife in 2007 i was left in charge of six children one of whom was newly born .my wife passed on when she was delivering our six born ,it was really sad for me but my faith never failed me i kept on trusting God for my family daily bread .last year my daughter did her form four now she intend to pursue her education in a college. Immediately i got a loan from zidisha around October problems and challenges befell my family and my business and had to map way forward. One thing i have planned is to remarry so that i have a stable family secondly i am intending to put one of my kids in my business and am hoping to resume paying in three week time or earlier Mr Mwaura has really pushed me to pay and am assuring him that am not going to fail him

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  • Samuel    Feb 17, 2011

    Am very much honored for you approving my profile and all the lenders who facilitated the loan.As i had promised i will not disappoint you in repaying.The money really came in good time thus helping in expansion and customer satisfaction.May you be blessed and have a blessed 2011

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  • Samuel    Jan 2, 2011

    my shoe business now need to be boosted .currently am through with my faulu kenya loan and will thrust zidisha will be able now to fund my loan

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  • Samuel    Nov 20, 2010

    my daughter completed her form four exams and now i am an excited father. however, i know that this call for more money to take her to college or start her off on something as she awaits her results. it means that i have to work extra hard to meet this obligation.i hope the zidisha loan will enable me to expand my businness to meet this obligation especially if i can get more stock to be able to meet the demand for chrismass season. during this season, kenyans buy new outfits and shoes as they celebrate.

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