James Mwangi

Ongata Rongai, Kenya

100% 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

Lenders Thank you again.After clearing my first loan ,now i am asking for another loan.This amount, i am asking i want to hire another vehicle and adriver for the cab business i have started recently as i have seen the potential in this business.I shall need 60,000 to hire one car for two months 10,000 for branding and 20,000 for the sevices of the car that i am using right now.I have felt the benefit of your generosity and may the almighty God Bless you all.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,084.76

Date disbursed

Aug 19, 2012

Repayment status

On Time

Projected term

14 months

Cost to entrepreneur

Lender interest: $1,084.76 at 3.27% annual rate over 14 months = $44.14

Service fee: $46.53

Lenders

M

mblue0953

United States

P

Per

Randers, Denmark

V

vidarlil

Sandefjord, Norway

M

mikedufty

Perth, Australia

E

Errol

Bradenton, FL, United States

IJAZBOF

Chihuahua, Mexico

Feldborg

Stuttgart, Germany

M

Monarch84

Las Vegas, United States

valentin

Stockholm, Sweden

P

pewatz

Tuebingen, Germany

EricDWalters

Rochester, Mn, Usa, United States

J

jeanbaptiste

*, Afghanistan

Daniel

Hamburg, Germany

KYLE LARSON

Little Falls, United States

B

Bena

Winnipeg, Canada

M

MiguelGago

Guimarães, Portugal

E

erozlum

Istanbul, Turkey

Hope2012

United Kingdom

Blond56

Victoria, B. C., Canada

E

Emerald

Pompano Beach, United States

adaniels85

Louisville, United States

traciyoshiyama

Honolulu, United States

MaxEmerika

Sonoma County, California, United States

Z

zako316

Chicago, United States

S

sersub

San Diego, United States

michellev

Melbourne, Australia

G

guenter

Bremen, Germany

E

evanglend

Arlington, United States

T

ToddK

Indianapolis, IN, USA, United States

M

mogensh

København V, Denmark

Svenip

Vienna, Austria

R

Richard

West Sunbury, United States

P

psimeon

Palo Alto, United States

B

BRTHVL

Hendersonville, United States

Y

YoUSA11

Sylvania, United States

MakeSense

-, St. Kitts and Nevis

J

JakeA

Wellington, New Zealand

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