Introduce all kind of cables in the sales section of my work

James Chege

Irigu-ini, Kenya

100% repaid

Entrepreneur

Name

James Chege

Member since

December 2015

On-time repayments

333 installments  •  92%

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

I have noted that there is a commodity that I have not yet managed to satisfactory supply to my clients. These are different sizes of cables such as;
1.0 mm twin with earth
1.5 mm t.w. e
2.5 mm
4.0 mm
6.0 mm and
Auto cables.
Many customers have been requesting me to stock them and since this is an opportunity to make more profit, I would like to introduce them.
With the loan I will buy the following rolls of copper cables,
3 rolls 1.0 mm cables 60 USD
3 rolls 1.5 mm cables 90 USD
3 rolls 2.5mm cables 240 USD
2 rolls 4.0 mm cables 300 USD
1 roll 6.0 mm cable 200 USD,
With this progress I will be able to get more profit and expand further and in turn employ another assistant.

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!

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Loan Info

Project Type

Classic Loan

Disbursed amount

$952.84

Date disbursed

Apr 4, 2017

Repayment status

On Time

Projected term

6 months

Cost to entrepreneur

Service fee: $39.82

James opted to pay $41.52 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

Paul Buchheit

Mountain View, United States

Ask James a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • James Chege    Jan 30, 2023

    Hi my Dear Lenders. All is well and family is good. I will continue with my repayments and adjustment when expenses are high. Thanks ana wish you all good times.

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  • James Chege    Jan 17, 2023

    Hi my Dear Lenders,
    Am doing quite well here in Kenya.
    Business is good and life as well. Am enrolling my first born to school Grade one this month. I hereby make an adjustment to my weekly repayments so i make some purchase of items required in school.
    Thanks.

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  • James Chege    Jan 4, 2023

    As i continue very well in business i wish to kindly make an adjustment in my weekly repayment. Thank you.

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  • James Chege    Dec 17, 2022

    Happy holidays my dear Lenders.
    Am doing good here in Kenya. Business fine but we are experiencing a rise in cost of living.
    That's why I have kept on adjusting my weekly repayments to balance between savings, bills, school fees for my kids , wages to my assistants technicians and others.

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  • James Chege    Dec 7, 2022

    Dear Lenders, am doing well in business though I keep on adjustment of my weekly repayments because of expenses here n there and also due to the fact of continued savings to purchase a parcel of land.
    Thanks.

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  • James Chege    Nov 23, 2022

    Due to low business and inflation that is starting to hit I wish to continue adjustment of my weekly installment but all is well and my family is doing great.
    Thanks.

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  • James Chege    Nov 9, 2022

    Dear Lenders, am doing well in business though I keep on adjustment of my weekly repayments because of expenses here n there and also due to the fact of continued savings to purchase a parcel of land.
    Thanks.

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  • James Chege    Oct 25, 2022

    Due to low business and inflation that is starting to hit I wish to continue adjustment of my weekly installment but all is well and my family is doing great.
    Thanks.

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  • James Chege    Oct 11, 2022

    My dear Lenders. Am still continuing well in my daily life and feel much appreciated by ua efforts to make this world an enjoyable place to many. I have made an adjustment on my weekly installment.

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  • James Chege    Sep 22, 2022

    Doing well in business and my family as well. Am making some weekly adjustment on my repayments.

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  • James Chege    Sep 7, 2022

    Dear Lenders, Am doing great and mostly because of prevailing peace after our country presidential elections.

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  • James Chege    Aug 22, 2022

    Hi lenders am well and business is resuming here in Kenya after the elections. With peace all goes well.

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  • James Chege    Aug 10, 2022

    Installment change due to business break in the undergoing elections

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  • James Chege    Aug 3, 2022

    We are doing well but the weather is very cold here in Central Kenya than usual.
    Installment change in my weekly repayment.

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  • James Chege    Jul 14, 2022

    Dear lenders. Am still doing well. Adjustment of my weekly repayment has been keeping my loan well updated and with ease.
    Thanks.

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  • James Chege    Jul 1, 2022

    Weekly repayment adjustment I have made to continue accordingly.

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  • James Chege    Jun 16, 2022

    Making an adjustment on my current weekly installment.

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  • James Chege    May 29, 2022

    Am doing well here in Kenya. I wish to adjust my weekly repayment as I continue to commit myself up to the completion of my loan.

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  • James Chege    May 15, 2022

    A change of weekly installment has been made to make sure am on track to repay my current loan.

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  • James Chege    Apr 27, 2022

    As i continue very well in business i wish to kindly make an adjustment in my weekly repayment. Thank you.

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