More material purchase

James

Nakuru, Kenya

Funds disbursed

$0 to go

100% funded of $16 goal

days left

Follow James

How it Works

Entrepreneur

Name

James

Member since

March 2018

On-time repayments

8 installments • 63%

About Me

I am jame mutune musau. I was born in kagundo, that is in machakos county.i was the first born in a family of seven. Two boys,six girl. We were brought up in hardship area in eastern part of the country . It was hard growing up but we managed. Personaly i trained as a designer in tailoring after moving to nakuru to make ends meet.

My Business

I have a business in nakuru town, i started of as a trainee after being employed for a period of ten years, i felt i had gained enough experience to venture into private practice and i now ran my own tailoring shop. i now feel it a ripe for me to try and extend my business. I make atleased US dollars 3 to 4 as profit a day.

Loan Proposal

Having informed you before about my type of business, just like any other business,my business depends heavily on stock available. I have a family to cater for thus the need for a bigger stock in order to be able to balance my business expence and my family expence. With a bigger stock my business will be stable and my business profit margin will be bigger. I intend to invest my loan just like the previous one on material purchase. Raw materials are one of the basic comodities required in this venture. I thank the zidisha team for there other loan and hope to continue with them. You have been of great importance to my business and I hope I could have known zidisha earlier, with your flexible repayment schedule. It does fit my business module, I have seen people successful with zidisha I hope to succed too. I will be so grateful if granted this loan.thank you very much.

Feedback

Positive

Neutral

None

Negative

None

N
Nick Apr 24, 2018

James paid everything back on time, or early. Thanks James I wish you well.

Log in to reply • Share

Loan Info

Project Type

Classic Loan

Disbursed amount

$16.00

Date disbursed

Jan 9, 2019

Repayment status

Late

Projected term

3 weeks

Other loans

Mar 2018: $11

Apr 2018: $4

Lenders

MarktheMormon

Sandy, Utah, United States

Christin

Germany

matthewstephen

Houston, United States

Ask James 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.

James Apr 29, 2018

thanks zidisha for the last loan, i bought a piece of material for cloths making

Log in to reply • Share
N
Nick Apr 10, 2018

Hi James, I pleased to be helping you with your loan. I wish you well for your business. God bless, Nick

Log in to reply • Share
- James Apr 12, 2018
  
  Thanks Nick for your help. I am still new on zidisha and I am a little confused about my credit limit. I am getting a credit limit of ksh's 431 with a disbursement of kshs 31. This isn't my first loan as being put on zidisha page. I had qualified for a credit limit of kshs 1221 deduction I got 151. I am not sure why I'm being told 431 is my first loan. Help please.
  
  Log in to reply • Share
  - N
    
    Nick Apr 13, 2018
    
    Hi James, Yes, your credit limit seems very low. I'm afraid I am new to Zidisha too so cant tell you how it works. Perhaps you could ask your mentor Angienda to explain?
    
    Log in to reply • Share
  - J Apr 15, 2018
    
    Dear James,
    
    Because it’s your first loan you will have to pay a one time membership fee. This is deducted from your current loan. More info about this can be found on the Borrowers FAQ (www.zidisha.org/faq#borrowe...)
    
    You can find an overview with the calculations on your “your credit limit” page. (www.zidisha.org/current-credit). Before taking out a large loan, you must first build creditworthiness by repaying small test loans over a period of time.
    
    Kind regards,
    Joost
    Team Zidisha
    
    Log in to reply • Share