Loan to boost my gaming shop and raise sister's school fees

James Murage

Meru, Kenya

100% repaid

Entrepreneur

Name

James Murage

Member since

January 2015

On-time repayments

324 installments  •  45%

About Me

Thank You for your interest in my profile. My name is James Mugwe, a 29 year old Kenyan. Right from my childhood days, my parents molded me as an honest, hardworking and determined kid, and I have kept these attributes to date. About my education, I successfully attained Secondary education, and did not make it to college although I had passed well. My parents could not make to take me to college and educate my siblings at the same time, but I am still thankful for their effort this far. Due to this reason, I have a special priority and passion for education. Whenever I get a chance, I mentor young people in primary and secondary school to take education seriously. I have a younger sister who is 8 years old and she depends on me entirely for education fees. She is very bright in class, and she motivates me to work even harder to make sure that all her education is financed without making her suffer. I have a very special interest for entertainment, and I own a gaming shop. The business has been impacted heavily by the support from the Zidisha Team. Although I come from a humble family, I can now feed my family and support my little sister’s education. Besides, I also like charity work, and I help, mentor and inspire the less fortunate whenever I get a chance. For example, we have formed welfare called “Friends of Friends” with the neighboring business people. We visit orphans and the aged during weekends. Zidisha the best financial partner I have experienced in my entire life. Any assistance from dear lenders is welcome.

My Business

My business is located at Meru Town, Tom Mboya street, at a corridor in Stanstead building. At this premise I own a gaming shop where kids come and play playing station games. At this shop, I have two playing stations (PS2) and two 24” screens. I have also created nice sofas for my customers so that they get comfortable when playing games. I charge $ 0.22 per game. Most of my customers are school kids, therefore the peak-time is past 4pm, after they have left school. The challenge I am experiencing at the moment is that the time that these kids have before they go home is very limited, and most of them do not play the number of games they would want to. Due to this reason I am seeking assistance once more from Zidisha team to assist me raise some money to set up another station soon. On a good day, I make between $ 5.56 to $ 8.88. I also own one desktop and a monitor. In future I will use the desktop during the day before most kids are out of school. The desktop in my business will burn movies for selling to local customers. The expenses in my business include paying house rent, electricity charges and replacing gaming pads as well as Maintenance such as painting or furniture works. I have a dream of creating a Mega gaming arcade in Meru town. The reason I joined Zidisha is because I found a chance for young people to secure loans for their business, as well as mentorship and inspiration.

Loan Proposal

Hello Dear Lenders, I would like to first thank the entire team for the previous loan awarded since it was very instrumental in my business. I have watched my business grow, thanks to Zidisha. With the previous loan I purchased accessories such as flash disks, memory cards and gaming pads, and I increased my profits from $ 6 to about $9 per day. When my loan has been fully funded this time, I intend to purchase another 32” screen. I will add the screen to my gaming shop in order to create yet another station at my shop. I have already purchased a playing station. I managed to do this using the savings from the profits acquired from the previous loan. I already uploaded the playing station in my profile. When I have three gaming stations at my premises, I project that my profit will increase fro about $9 to about $14 per day, and this will be a great game changer in my business. The success of my business is not only important to me and my family but also to the less fortunate since we have a charity group that donate clothes and foodstuff to the less fortunate. Any form of assistance is highly welcome.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$231.29

Date disbursed

May 6, 2015

Repayment status

On Time

Projected term

16 months

Cost to entrepreneur

Service fee: $8.64

Lenders

Paul Buchheit

Mountain View, United States

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