Loan to boost my shop and my siblings education

Gideon

Meru, Kenya

100% repaid

Entrepreneur

Name

Gideon

Member since

January 2015

On-time repayments

244 installments  •  34%

About Me

I am Gideon Wanjohi Ndegwa , 31 yrs of age , male by sex. I come from a humble background.My parents practice farming.
My education was faced with challenges to poor background.I was forced to work part time jobs and attend classes at the same time. Thanks to zidisha i was able to borrow two loans which have played a significant part in my economic empowerment.
My has has been full of challenges and was forced to take an academic leave of two semester when i was pursuing my undergraduate degree. I started my business through the help and mentor ship of zidisha. I reside in kenya and currently people have embraced western culture and entertainment. I like reading , watching movies, traveling and swimming during my leisure time

My Business

Thanks to zidisha loan i have been able to open up a new business. I opened up a movie business in Nairobi Embakasi area along north airport road. I sell movies and entertainment materials. The profit accrued from the business has enabled me to register for my masters degree (masters of arts in international relations and diplomacy. Kenyans currently are watching movies and i decided to open a movie shop. The typical cost are electricity, rent,materials, licenses and transport.

Loan Proposal

hi,dear lenders.i will add three cheap mobile phones ranging between 11 and $12 each and the rest of the money i will add my accessories, i.e flip covers,earphones,screen guards and card readers which normally range between two and three dollars.
Through your loan, i will add more stock hence more sales resulting to higher profit.This
will improve my life by catering for my bills ranging from rent,electricity and other expenses.I will be able to pay for part time accounting classes and my two siblings education.Through my business i will able to provide cheap accessories to the locals thus improving their live.
My profit margin will hopefully raise from four dollars to seven dollars.My business is in dire need of addition capital.With your assistance its will peak and grow.Your assistance will be of great help to me and my family.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Feb 9, 2015

Repayment status

On Time

Projected term

4 months

Lenders

Julia Kurnia

Sterling, Virginia, United States

BJ

Brandon Joz

North Carolina, United States

Jeff and Marcie

Portland, OR, United States

T

tmsaddress

Orlando, Florida, United States

N

nanax005

SALEM, United States

A

Aaron

Zurich, Switzerland

H

hivervan

watou, Belgium

J

jerryq

Redding, United States

T

Tui1974

nuenen, Netherlands

S

solarkismet

Logan, United States

A

amish

San Francisco, United States

U

UTLonghorn

Lincoln, United States

Hedwich

Gorssel, Netherlands

H

happytrailsjpd

South Bend, United States

A

akshu71

Ottawa, Canada

R

RohitSingh

Montreal, Canada

Matching Fund

Sterling, United States

A

adiipienaar

South Africa

Paul Buchheit

Mountain View, United States

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

Please log in to comment.

  • Gideon    Oct 24, 2019

    I have been undergoing tough economics time. Please bare with me as i try to fix the situation

    Log in to reply • Share
  • Gideon    Sep 10, 2019

    Im going through hard economics due to the closure of my business. I promise to repay the loan arrears in due time

    Log in to reply • Share
  • Gideon    Jul 3, 2019

    Im going through hard economic times. Please bear with me. Thanks.

    Log in to reply • Share
  • Gideon    Apr 29, 2019

    I have been going through hard economic times due to closure of my business. Im jobless and struggling to support my family. Please bear with as i try to fix this problem.
    Thank you in advance.

    Log in to reply • Share
  • Gideon    Jan 26, 2019

    Hi lenders. Im experiencing hard economic times due my business closure. Im currently looking for a job. I will pay the areas ASAP once i get a job. Thank you

    Log in to reply • Share
  • Gideon    Nov 9, 2018

    Hi lenders. I am kindly apologize for not being able to clear my loan in due time. This was due to the hard economic times caused by last year general elections which brought business into there knees. This year business have tried to pick but have been hit by 8% tax levy that have affected most business. I had applied the loan to help fund my masters degree. Raising the fee has been an up hill task but God have managed to survive the storm.
    I humbly request you consider my plea and promise to clear the arrears as soon as possible.

    Log in to reply • Share
  • Gideon    Nov 1, 2018

    Hi lenders. Its my sincere apologies that i have been unable to pay my loan on time. I have been going through rough times. My masters fee has been overwhelming and my business has not been doing well due the hard economic times caused by last year elections. This year has not spared us due to additional taxes that our government has imposed on us.
    This may not carry water, but i humbly apologize and promise to start my repayment plans with immediate effect. I have changed my repayment amount to $3 everyweek and will increase this soon.
    Please hear my humble plea.
    Yours Gideon Wanjohi Ndegwa

    Log in to reply • Share
  • Bernard    Apr 14, 2017

    I have been contacting Gideon but he is out of reach

    Log in to reply • Share
  • Gideon    Mar 16, 2017

    Due to the drought ravinging our country, businesses are not doing well. People are concentrating on foodstuffs. The sales have declined resulting to lower profits.I request the lenders to bare with me.

    Log in to reply • Share
  • Bernard    Mar 13, 2017

    Dear lenders, I am a volunteer mentor to Danca Mmboshi and I have tried to contact him numerous times but his phone fail to go through same to the contacts he has given out.

    Log in to reply • Share
  • Gideon    Jan 18, 2017

    I am grateful for your continued economic assistance. I will buy a desktop and a tft that help in increasing the sales and effeciency.
    May God bless you.

    Log in to reply • Share
  • Gideon    Jan 17, 2017

    I am so grateful for the loans that your have extended to me. You have played a vital role in my life. God bless you.

    Log in to reply • Share
  • Gideon    Oct 31, 2015

    I am experiencing financial constraints caused by the registering of the company. The registration has cost a fortune and drained me financially. I am looking foward to clear the arrears as soon as possible

    Log in to reply • Share
  • Lydiah    Oct 21, 2015

    Dear Lenders , I was not able to speak to Gideon, but i was able to get one of referees and he informed me that Gideon is out of town where he runs his business and where he now is there is network problem but he promised to convey the message to him as soon as the get in touch

    Log in to reply • Share
  • Gideon    Aug 4, 2015

    Hi lenders.
    I apologize for not inform you that i received the amount loaned to me. This was due unavoidable circumstances which i had to attend to.The total amount that was sent to me was ksh 18054. I bought decoders and grind as according to the loan proposal. I look forward to paying the loan as quick as possible. I will post the photos of the items bought soon.May God bless you.

    Log in to reply • Share
  • Gideon    Jul 25, 2015

    I intend to buy decoders,grid aerials and a few accessories to capitalize on the digital migration platform. The is bound to transform my life in terms of more sales hence high profit. This loan will go along way in helping me to pay forgive a great opportunity to change life of many kenyans still using analogue platform
    May God bless you for your kind hearts. Its never in vain. He will reward you greatly for changing the life's of many.

    Log in to reply • Share
  • Gideon    Jul 15, 2015

    hi lenders.
    I am grateful for your assistance.Your loan has transformed my business and making it grow tremendously.The loan helped me buy more mobile accessories and mobile phones.I was able to increase the purchases from and this resulted in i being able to diversify my business and currently i have started selling electronics eg tvs,dvd,decoders,speakers etc.This is evident in the photo attached.Your loan boosted my business and resulted in more sales. The profit margin has gone up to ksh700 to 800 a day.This is all possible because of assistance.
    My life has been transformed from a young struggling entreprenuer to an optimistic young businessman. I was able to pay for my sibling education and also sponsor my education.
    May God bless you for your big hearts.

    Log in to reply • Share
  • Gideon    Mar 21, 2015

    Hi Lenders
    I,m grateful for financial assistance.The loan has helped in transforming my business and take it to the new level.I have been able to purchase accessories and a few phones.My profit has doubled,thanks to you.May God bless you and grant you more.

    Log in to reply • Share
  • Gideon    Feb 14, 2015

    hi lenders
    I am deeply grateful for considering me for the loan grant.I have already increased the stock and my sales have picked.I purchased a few mobile phones and accessories .I look forward to repay the loan on time.
    THANKS MAY GOD BLESS YOU.

    Log in to reply • Share


Loading...

Loading...

Loading...