Francis

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Francis

Member since

October 2010

On-time repayments

28 installments  •  43%

About Me

NAME : FRANCIS MUNGAI NGINYA
DATE OF BIRTH : 24TH JULY 1979
NATIONALITY : KENYAN
MARITAL STATUS : MARRIED
CONTACT : MITI MINGI SEC SCHOOL
P.O. BOX. 14847 NAKURU
CELL PHONE : 0724 587580
LANGUAGE : ENGLISH & KISWAHILI
RELIGION : CHRISTIAN

ACADEMIC QUALIFICATION
I completed my Primary education in the 1994. I joined Miti Mingi Secondary School in the year 1995 and completed in the year 1998 with a Certificate.
In 1991 – 2001, I enrolled in college and did a Certificate in sales and Marketing.

My Business

have a tailoring shop that is the source of my daily bread. I manage to make new cloths and sell them, and at the same place sell ready made cloths as well as materials for making new ones.

In a day I make one new suit, some few repairs, selling materials and ready made cloths.
The cost of making a suit is 950. In a single suit I make profit of Ksh 275, Repairs is Ksh 75, Plain materials (vitenge) Ksh 300 and ready made cloths Ksh 150.

I my whole-sum Profit of a day, I accumulate Ksh 800. Out off Ksh 800, Ksh 300 we use it as my family expenses and we save the rest Ksh 500. Total profit of the month is Ksh 12,000 – Ksh 15,000. From the sum profit, we pay Ksh 1500 for house rent monthly. County Council Permit/License payment of Ksh 1620 annually. So in a month Ksh 135.

My room is large enough where I am intending to expand my business of selling more plain materials (Vitenge) as they are on high demand. If I will be in a position to get more funds from you, I hope, I will be able to purchase 15 material extra at a cost of Ksh 1100 each which will sum to Ksh 15,500 and after selling them in two weeks time I will have made a profit of Ksh 4,500, so in a month Ksh 9,000.

Loan Proposal

My room is large enough where I am intending to expand my business of selling more plain materials (Vitenge) as they are on high demand. If I will be in a position to get more funds from you, I hope, I will be able to purchase 15 material extra at a cost of Ksh 1100 each which will sum to Ksh 15,500 and after selling them in two weeks time I will have made a profit of Ksh 4,500, so in a month Ksh 9,000

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$260.00

Date disbursed

Dec 29, 2010

Repayment status

On Time

Projected term

12 months

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  • Julia Kurnia    Apr 20, 2012

    Dear lenders,

    After several unsuccessful attempts to reach Mr. Nginya at his mobile phone number, we learned that he has been accused of a theft, and has fled his hometown of Mitimingi, Kenya. The local police is reportedly looking for Mr. Nginya but has not located him to date. The headmaster of the nearby Mugaa Secondary School assisted us to report the outstanding loan to the local authorities, and we will be notified when Mr. Nginya is found.

    This comes as a surprise because Mr. Nginya repaid his first Zidisha loan on time and in full, and his business seemed to be faring well when Kenya Client Relationship Manager Achintya Rai visited him in February.

    We will continue to monitor the situation closely and inform lenders of any developments. In the meantime, should you have any questions or comments, please do not hesitate to contact me at [email protected].

    Regards,

    Julia Kurnia
    Director, Zidisha Inc.

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  • Francis    Dec 10, 2011

    Hallo all zidisha member,Iam happy and glad for zidisha lenders for having assisted our community (Mugaa/Mitimingi) and improved our standards. Earlier before our area was far much away with developments but now we have improved ourselves through business having got capital from you lending us loans.Thanks and continue assisting all. MERRY CHRISTMAS

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  • Francis    Jun 11, 2011

    Hallo,
    I hope this message finds you doing well along with zidisha lenders. I would first like to thank you for remaining fully upto date lending money to the borrowers, hence community growth moves well.
    Secondly, am doing well with my family. My business is still doing well despite few challenges of high demand of many products from my customers because they have started harvesting and selling farm produce. This challenges are surmmontable and ok to any business.
    Thankyou so much.
    yours Frank mungai.

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  • Francis    Apr 16, 2011

    Hallo
    I hope this message finds you doing well,along with the lenders.
    Iwould first like to thank you for your responsibility and intergrity in remaining fully up to date lending money and reinforcing community in poverty eradication.
    Secondly,i am doing well,my business of making and selling cloths and materials is still doing well.Since i lendered money,i have improved my business with 53% more profit from the previus profit i was making per month.Therefore the intrest accumulated helped me to enlarge my business with new products as well as raising up my family with a new lifestyle doing things we were not able to do previusly
    Thanks so much again,
    and kind regards,
    FRANCIS MUNGAI NGINYA

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  • Francis    Dec 2, 2010

    Halos. Am doing well in my business. I hope that you will consider my loan application soon so that i can take advantage of spending during chrismas season. Still i anticipate high demand of school uniforms as schools re-open early next year. This is the peak season for businesses dealing with clothes.

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