Make a dream come true

James Maina

Thika, Kenya

100% repaid

Entrepreneur

Name

James Maina

Member since

August 2013

On-time repayments

303 installments  •  40%

About Me

i am James Muigai maina 24 years old. i come from a family of three,where i have 2 small brothers one in primary school and the other in high school. i am a certified public accountant of Kenya and currently i am pursuing my bachelors course online.i recently got a job in thika where by i work as an M-PESA attendant in thika town. due to the financial condition because my father recently was involved in an accident and lost his arm i have had the obligation of supporting my family. due to this factors i thought of a business venture of selling males shirts and female tops.

My Business

as i said earlier i came in to the business of selling female tops and male shirts, this i do it mostly in the evening during the rush hour where by i have been standing in thika town streets mainly near Gathimaini Chemist and also near Mac-vast hotel which are the major streets in Thika and have the most population during the rush hour. i decided to deal with female tops and male shirts mainly because of the nature of ladies being so much into impulse buying. i buy these clothes from Gikomba market where for example i buy a shirt at 100 shillings and then when i come to selling i do sell them at least at 200 shillings thereby making a profit of at least 100 shilling per cloth and due to my reliability i have been able to have some loyal customers and thus i am able to make sales each evening to about 6 people thus making a profit of at least 600 shillings which i use to assist my family and pay for my school fees.i also started a photocopy business which is also much profitable, although i have not yet been able to come up with a method of determining the profit per unit but so far it has reached the break even point.

Loan Proposal

thank you very much zidisha for your continued support. i will use 25% of the money in the new kids shoes venture which i want to start-which from my workmates experience it earns 100% profit. 15% of the money i will use it to acquire city council license.
20% i will use it to purchase new female tops and male shirts. i will also use 20% of the money to pay up rental fee for my newly acquired stall. the remaining 10% i will use it to meet any other contingent expenses that will be incurred.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$174.38

Date disbursed

Jul 10, 2014

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Lender interest: $174.38 at 11.20% annual rate over 3 months = $6.01

Service fee: $1.92

Lenders

G

GalantnostS

Hong Kong, Hong Kong

DT

Dru Tarr

Gloucester, United States

Hedwich

Gorssel, Netherlands

Sarasota

Sarasota, Fl, United States

Genady

Münich, Germany

DocHolliday

Legend, United States

dlpringle

Denver, United States

T

thebonseung

Republic of Korea

pvilliger

Zurich, Switzerland

Matching Fund

Sterling, United States

J

JacobvdW

Netherlands

A

angelapeat01

United States

D

dk1234

Netherlands

Mikers

Netherlands

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