John
Ngaraiga, Kenya
100% repaid
Name
John
Member since
March 2014
On-time repayments
62 installments • 53%
I am john Gatenjwa Ngigi. I stay in Limuru in a place called Ngarariga. I complete secondary school in 2011 October and I have been doing tea packing work until today. I am born in a family that has 4 children. My mother and father have a tea packing business where I have been doing the job over the last two years. I am the second after my eldest brother called Martin Karanja Ngigi. Martin Karanja has his own tea packing business that he operates using the license of my father. He has got a loan recently from Zidisha microfinance organization and he has used t to support his business. I have always wanted to separate from my parents and do my own business like him. Being an employer or working on my own is much better and I can earn much more than the salary that I am paid by parents. I have savings of Kshs 22,200 in Equity bank and I have seen that Zidisha can help me to start my own business. The business requires atleast Kshs 28,000 to start without counting the license and other charges by the government. I will rely on the documents of my father, which is allowed, such as registration, Kenya bereau of standards and other charges. My business has low risk and it is very profitable. My father has already good market which he does not satisfy and where I will be selling my packed tea.
The tea that we pack with my parents and brother is called Daimaha tea and is of very good quality. The good quality ensures that demand for it is always there throughout the year. I will also look for additional market where I can sell the tea. Every time an order is sent to the customer, they pay in full within one week and latest within 20 days. The profit that is guaranteed from the sales will help me to pay the loan that I will be given at Zidisha. I am going to take my own room in the same building which is also owned by a family member and where I will be working on myself. After I get through, I am going seek support by employing a tea-packer. My expenses will be rent, electricity, 5 bags of 90 kilograms each costing around Kshs 10,000, glue, papers for packing and cartons. The good thing is that my father lso sells half bags (45 kilograms)of the tea, which I can by and pack in small quantities of 15 gram, 25 gram, 50 gram and 100 grams. This will cut my whole cost to about Kshs 33,000. If I sell the mixture which can take a maximum of 2 weeks, the profit will be between Kshs 13,000 and 17,000 after deducting all charges and expenses. This will in turn help me to attain my ambition if I increase the input and output. I will be earning much better. I come before you the Zidisha microfinance and lenders to help me and I am not going to let you down at all.
I will buy wth the loan and my savings inputs for my business. I particular, I will buy processed tea that is in bags, glue, papers and cartons. The bags of 90 kilogram my father will sell me half each of 45 kilogram. The papers will be of 10 grams, 15 grams, 25 grams, 50 grams and 100 grams. I will pack the mixture of different types of tea which have different qualities in the papers. Each sale of 5 half bags that are packed in the papers will give me a profit of Kshs13,000 to 17,000. The money will be beneficial to me a lot in building my business and making it large in future. The money from the lenders will help me to catch up since what I have saved is not enough. Thank you for the support you give me
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Apr 1, 2014
Repayment status
On Time
Projected term
7 months
Other loans
Amount repaid
$158.00
Amount remaining
$0.00
Date repaid
Nov 17, 2014
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Apr 10, 2014 | $4.65 | Apr 11, 2014 | $4.65 |
Apr 17, 2014 | $4.65 | Apr 11, 2014 | $0.06 |
Apr 19, 2014 | $4.59 | ||
Apr 24, 2014 | $4.65 | Apr 19, 2014 | $0.12 |
Apr 25, 2014 | $4.53 | ||
May 1, 2014 | $4.65 | Apr 25, 2014 | $0.18 |
May 5, 2014 | $4.47 | ||
May 8, 2014 | $4.65 | May 5, 2014 | $0.24 |
May 11, 2014 | $4.41 | ||
May 15, 2014 | $4.65 | May 11, 2014 | $0.35 |
May 15, 2014 | $4.29 | ||
May 22, 2014 | $4.65 | May 15, 2014 | $4.65 |
May 29, 2014 | $4.65 | May 15, 2014 | $0.12 |
May 23, 2014 | $4.53 | ||
Jun 5, 2014 | $4.65 | May 23, 2014 | $0.18 |
May 30, 2014 | $4.47 | ||
Jun 12, 2014 | $4.65 | May 30, 2014 | $0.24 |
Jun 7, 2014 | $4.41 | ||
Jun 19, 2014 | $4.65 | Jun 7, 2014 | $0.29 |
Jun 13, 2014 | $4.35 | ||
Jun 26, 2014 | $4.65 | Jun 13, 2014 | $0.35 |
Jun 20, 2014 | $4.29 | ||
Jul 3, 2014 | $4.65 | Jun 20, 2014 | $0.34 |
Jun 29, 2014 | $4.31 | ||
Jul 10, 2014 | $4.65 | Jun 29, 2014 | $0.52 |
Jul 3, 2014 | $4.13 | ||
Jul 17, 2014 | $4.65 | Jul 3, 2014 | $0.69 |
Jul 10, 2014 | $3.95 | ||
Jul 24, 2014 | $4.65 | Jul 10, 2014 | $0.81 |
Jul 23, 2014 | $3.84 | ||
Jul 31, 2014 | $4.65 | Jul 23, 2014 | $2.05 |
Aug 2, 2014 | $2.60 | ||
Aug 7, 2014 | $4.65 | Aug 2, 2014 | $3.34 |
Aug 7, 2014 | $1.31 | ||
Aug 14, 2014 | $4.65 | Aug 7, 2014 | $4.65 |
Aug 21, 2014 | $4.65 | Aug 7, 2014 | $0.02 |
Aug 17, 2014 | $4.62 | ||
Aug 28, 2014 | $4.65 | Aug 17, 2014 | $1.26 |
Aug 23, 2014 | $3.39 | ||
Sep 4, 2014 | $4.65 | Aug 23, 2014 | $2.58 |
Aug 31, 2014 | $2.07 | ||
Sep 11, 2014 | $4.65 | Aug 31, 2014 | $3.27 |
Sep 7, 2014 | $1.38 | ||
Sep 18, 2014 | $4.65 | Sep 7, 2014 | $3.41 |
Sep 15, 2014 | $1.24 | ||
Sep 25, 2014 | $4.65 | Sep 15, 2014 | $4.65 |
Oct 2, 2014 | $4.65 | Sep 15, 2014 | $0.05 |
Sep 20, 2014 | $4.60 | ||
Oct 9, 2014 | $4.65 | Sep 20, 2014 | $0.69 |
Sep 29, 2014 | $3.95 | ||
Oct 16, 2014 | $4.65 | Sep 29, 2014 | $0.99 |
Oct 5, 2014 | $3.66 | ||
Oct 23, 2014 | $4.65 | Oct 5, 2014 | $1.28 |
Oct 12, 2014 | $3.36 | ||
Oct 30, 2014 | $4.65 | Oct 12, 2014 | $1.34 |
Oct 19, 2014 | $3.31 | ||
Nov 5, 2014 | $4.65 | Oct 19, 2014 | $1.40 |
Oct 28, 2014 | $3.25 | ||
Nov 12, 2014 | $4.65 | Oct 28, 2014 | $1.46 |
Nov 3, 2014 | $3.19 | ||
Nov 19, 2014 | $1.49 | Nov 3, 2014 | $1.49 |
Nov 26, 2014 | $7.80 | Nov 3, 2014 | $0.02 |
Nov 10, 2014 | $3.62 | ||
Nov 17, 2014 | $4.15 |
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