James
Irigu-ini, Kenya
100% repaid
Name
James
Member since
December 2015
On-time repayments
396 installments • 92%
I am the second born son in a family of four. My younger two siblings are girls whom we used to cook for with my older brother as our parents went to work.
I was brought up in a tiny village Central Kenya, Mount Kenya region.I started basic education in a local school and cotinued to primary education. As young boys i recall as we went swimming in a river that flows down deep ridges and our parents got worried very much.
Later i went to Thika town for my secondary education at Thika High School.
Later i went to study Aircraft Maintenance course in our city Nairobi at Wilson Airport and got a certificate in engine & airframe.While there i also studied Electrical science. I got employment in a local maintenance firm that later collapsed. From there i started vending fresh vegetables at Wangige Market near our city Nairobi.
At Nairobi life wasn't easy at all. At some point i decided to live in the slums because good rooms were so expensive to rent. So i moved to Dandora slums. I even went a step further to walking half distance to work and half by bus to save some cash.
In early year 2015 i felt it was time to be an entrepreneur because i was still struggling for my needs. I had enough skills so retreated back to the village where my Mum gave me a small room to establish a workshop at home. Life was so hard trying to establish myself until ZIDISHA came to my rescue where i got a loan to rent a big workshop in our local shopping center where i have grown steadly. Thanks to all Lenders.
Every year i pay 70 USD to our local county authority for business licence and a monthly rent of 70 USD. I also pay 170 USD per week to wages of my employees.
I do re-invest my profits in my business, support to my parents and my siblings,also community projects contributions and also buying construction materials for a rental house i keep on developing and adding more units. I also support two elderly women who are about 100 yrs old by visiting them regularly. Of late am also supporting an old Man, a war Veteran through food stuff. I love caring for the needy.
My business operates under the name Jaycobs Electric & Building Services. I operate a workshop and a sales section where we sell electrical fittings, lightings, conduits, electronics repair, and offer consultations.
In the workshop we do electrical and electronics repair, mechanical repairs and installations.
In average we make a monthly profit of 700 to 900 USD.
May i first take this opportunity to thank you once again Dear Lenders for the support you gave me in my first loan. I was able to acquire advanced tools through the loan and also got more tools through the profits i generated in my home based workshop.
Having progressed well in my home based electrical workshop, am having a bigger dream to open a workshop and sales shop at my nearest shopping center called Ng'araria market. This has been mostly influenced by a big number of my customers who have frequently asked me to set a service shop where they can access me anytime even at night after their duties.
Here i will be in a position to even serve more customers because it is a Center located by the main road. It is a move that can make me grow in my business and skills since i will do more sales and services considering the better location. I have so far booked a spacious business room enough to accommodate a sales section and a service section.
I will use the loan to stock Electrical fittings including types of switches, sockets, conduits,lightings, cables, circuit breakers, distribution boxes, antennas, and also electronics spare parts to be used in the service section. I will allocate the KSHS 50,031 loan to each items so that i make sure to meet my customers demand. I will also use part of the loan and savings to get a business license from our local government authority. Am hoping to expand further through the profits i will gain. In addition i will employ one person to assist me in the sales as i do the services.
Dear Lenders, am looking forward to your support to enable me grow in my business.
Thank you.
Positive
2
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$505.00
Date disbursed
May 10, 2016
Repayment status
On Time
Projected term
10 months
Other loans
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Amount repaid
$530.26
Amount remaining
$0.00
Date repaid
Mar 9, 2017
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
May 19, 2016 | $10.09 | May 20, 2016 | $10.09 |
May 26, 2016 | $10.09 | May 27, 2016 | $10.09 |
Jun 2, 2016 | $10.09 | Jun 3, 2016 | $10.09 |
Jun 9, 2016 | $10.09 | Jun 9, 2016 | $10.09 |
Jun 16, 2016 | $10.09 | Jun 17, 2016 | $10.09 |
Jun 23, 2016 | $10.09 | Jun 24, 2016 | $10.09 |
Jun 30, 2016 | $10.09 | Jul 2, 2016 | $10.09 |
Jul 7, 2016 | $10.09 | Jul 9, 2016 | $10.09 |
Jul 14, 2016 | $10.09 | Jul 16, 2016 | $10.09 |
Jul 21, 2016 | $10.09 | Jul 25, 2016 | $10.09 |
Jul 28, 2016 | $10.09 | Aug 1, 2016 | $10.09 |
Aug 4, 2016 | $10.09 | Aug 8, 2016 | $10.09 |
Aug 11, 2016 | $10.09 | Aug 14, 2016 | $10.09 |
Aug 18, 2016 | $10.09 | Aug 22, 2016 | $10.09 |
Aug 25, 2016 | $10.09 | Aug 29, 2016 | $10.09 |
Sep 1, 2016 | $10.09 | Sep 4, 2016 | $10.09 |
Sep 8, 2016 | $10.09 | Sep 13, 2016 | $10.09 |
Sep 15, 2016 | $10.09 | Sep 19, 2016 | $10.09 |
Sep 22, 2016 | $10.09 | Sep 26, 2016 | $10.09 |
Sep 29, 2016 | $10.09 | Sep 29, 2016 | $10.09 |
Oct 6, 2016 | $10.09 | Oct 7, 2016 | $10.09 |
Oct 13, 2016 | $10.09 | Oct 15, 2016 | $10.09 |
Oct 20, 2016 | $12.10 | Oct 22, 2016 | $12.10 |
Oct 27, 2016 | $12.10 | Oct 31, 2016 | $12.10 |
Nov 3, 2016 | $12.10 | Nov 6, 2016 | $12.10 |
Nov 10, 2016 | $12.10 | Nov 14, 2016 | $12.10 |
Nov 17, 2016 | $12.10 | Nov 22, 2016 | $12.10 |
Nov 24, 2016 | $12.10 | Nov 27, 2016 | $12.10 |
Dec 1, 2016 | $12.10 | Dec 5, 2016 | $12.10 |
Dec 8, 2016 | $12.10 | Dec 11, 2016 | $12.10 |
Dec 15, 2016 | $15.13 | Dec 21, 2016 | $15.13 |
Dec 22, 2016 | $15.13 | Dec 28, 2016 | $15.13 |
Dec 29, 2016 | $15.13 | Jan 4, 2017 | $15.13 |
Jan 5, 2017 | $15.13 | Jan 10, 2017 | $15.13 |
Jan 12, 2017 | $15.13 | Jan 18, 2017 | $15.13 |
Jan 19, 2017 | $15.13 | Jan 25, 2017 | $15.13 |
Jan 26, 2017 | $15.13 | Jan 26, 2017 | $15.13 |
Feb 2, 2017 | $15.13 | Feb 4, 2017 | $15.13 |
Feb 9, 2017 | $15.13 | Feb 9, 2017 | $15.13 |
Feb 16, 2017 | $15.13 | Feb 16, 2017 | $15.13 |
Feb 23, 2017 | $15.13 | Feb 26, 2017 | $15.13 |
Mar 2, 2017 | $15.13 | Mar 6, 2017 | $15.13 |
Mar 9, 2017 | $29.99 | Mar 9, 2017 | $29.99 |
Mary Nov 14, 2018
camilberlin Mar 19, 2017
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