Lighting the community through solar lamps

Jacob

Port Victoria, Kenya

100% repaid

Entrepreneur

Name

Jacob

Member since

September 2015

On-time repayments

80 installments  •  66%

About Me

I am Jacob Okwara,I hold diploma in renewable energy and natural resource management. my life as a young man was not easy because of the extreme poverty,and was majorly characterized with skipping meals, walking long distances to school and lack of quality basic health care.
I was keen to help my community in any way I could and one major area that was making us lag behind was lack of electricity and source of clean. I knew solar lamps were a quick solution that could fix the problem cheaply. I went for a loan in a local bank to fiance my ambitious project but I was disappointed because the wanted something more than just a business plan ,they wanted collateral ,and i did have anything to attach. lucky enough I got a job and was able to raise $300 after three months,I knew these was little but could be enough for start up. I decided to resign to pursue my dreams. The business is now 8 months old and doing well.
I love reading novels,giving motivational speeches and just helping my community get out of extreme poverty.

My Business

I sale solar panels,chargers and lamps to my community.since the community is majorly comprised of pro poor ,i have introduce a system that allows them to pay for 85% value of the commodity and clear the balance later. the system allows me to get my capital back in case of bad debt.
due to lack of electricity connection in the area the solar power is cheap and clean source of energy to the community.
My monthly typical costs are $200 and my monthly profits are $300 . i use my profits to pay fees for my siblings ,pay for my bills and take care of my aging parents.

Loan Proposal

I am kindly requesting for a loan to help me add more stock of solar lamps for sale in my rural area where lighting is a problem . the loan would help me expand my business and reach further inner areas. please support me. thank you in advance

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Sep 29, 2015

Repayment status

On Time

Projected term

4 months

Lenders

ads68

Melbourne, Australia

T

tkromm

Agia Paraskevi, Greece

fairspirit

Utrecht, Netherlands

Evan Lamos

Brussels, Belgium

M

mjgoldsmith

United States

mepster

San Francisco, Ca, United States

Leonardia

Waddinxveen, Netherlands

Haim Si

Mexico, Mexico

Emma

Australia

R

Rembrandt

United Kingdom

T

Tom

United States

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  • TomF925    Oct 14, 2016

    Sorry to miss out on loaning to you. I am a big fan of solar. I would love to see photos of installations, happy customers etc.

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  • Jacob    Oct 14, 2016

    thank you dear lenders,be blessed

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  • Jacob    Oct 14, 2016

    thank you dear lenders,for your incredible,love ,kindness and good heart that you have shown me,I am very humbled and thankful.God bless you

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  • Jacob    May 1, 2016

    I am very glad zidisha loans are making difference in my life and helping me change other peoples lives

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  • Jacob    Feb 23, 2016

    I am very thankful to you all lenders.

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  • Jacob    Feb 22, 2016

    hello lenders,I have given out some goods on debt and I expect payments in a months time then make bulk payments,Thank you for patients. I am humbled.

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  • Treesforpeople    Feb 14, 2016

    Hi Jacob, I'm sorry that I missed your loan request. I am keen to lend to businesses which are giving access to solar lamps in communities without mains electricity. I am now 'following' you on Zidisha, so that I may catch any future loans you may request. I wish you well.

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  • Jacob    Feb 12, 2016

    No words can describe,how happy and humbled I am,now. I am very thankful to lenders and zidisha team, thank you. I have received the loan and ordered for goods ,thank you.

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  • Jacob    Feb 11, 2016

    Thank you so much dear lenders, I am so thankful,be blessed.

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  • Jacob    Feb 11, 2016

    Hello lenders , please remember me,thanks for your kindness.

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  • Jacob    Feb 10, 2016

    As always ,I am very humbled by your incredible kindness. thank you so much.

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  • Jacob    Feb 9, 2016

    Thanks to you all dear lenders, I am humbled @17 % and very optimistic

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  • Jacob    Feb 8, 2016

    Thank you lenders for your bids,I am humbled and happy,please help me reach 100%thank you in advance.

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  • Jacob    Feb 6, 2016

    I am very grateful for the bids so far,thank you for your kindness

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  • Jacob    Feb 5, 2016

    I am really thankful the first loan ,it eanble me reach many household and my mission these year is to reach even more clients.thank you.

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  • Jacob    Feb 1, 2016

    thanks so much lenders,my business is doing well now and I will complete payments these week ,I am so grateful , thank so much.

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  • Jacob    Jan 26, 2016

    Thank you dear lenders for the patience,I am kindly and humbly happy to repay my laon in the next two weeks.the business is doing well and I am looking forward to expanding it further.Thank you so much

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  • Jacob    Jan 24, 2016

    Thank you lenders for the good work

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  • Rembrandt    Oct 11, 2015

    Dear Jacob,

    Best of luck with your business. Out of interest could you tell me how many KES a solar lamp costs in your area? Is the wakawaka available where you are? waka-waka.com/

    All the best,
    Rembrandt

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  • Jacob    Oct 9, 2015

    hey lenders,the business is not doing well now.please let me adjust my payments.thank you

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