Opening a showroom for ready made furniture

Jacob

Kiptangwanyi, Kenya

43% repaid

Entrepreneur

Name

Jacob

Member since

April 2012

On-time repayments

72 installments  •  49%

About Me

I am married with three kids, two of them are in school. I live in Kiptangwanyi shopping centre which is about 43km from Nakuru town. I live in plot number 53. I operate a timberyard at the shopping center.

My Business

I operate a timberyard at the shopping center. There is high demand for the products that I sell because most of them are used i building and construction as well as in furnitures. The main challenges that this business encounter are lack of capital to expand the business and poor means of transport.

Loan Proposal

Thanks lenders,
I am grateful for the far that Zidisha has brought me as far as improving my business is concerned. I have made strides in my business and this is a great achievement. I wish to use my loan that I will be offered to open a showroom that will be displaying new furniture in my business. I hope to make this an opportunity in my life. Thanks Zidisha microfinance.

Feedback

24

None

1



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Loan Info

Project Type

Classic Loan

Disbursed amount

$977.00

Date disbursed

Mar 27, 2014

Repayment status

Late

Projected term

12 months

Lenders

M

marycb

United States

S

sendai

Saint Paul, United States

G

garrybuck

Oro Valley, United States

F

Fredrik

Gothenburg, Sweden

boxer

Boynton Beach, United States

J

JBosshardt

Redmond, United States

ErikN

Stockholm, Sweden

Svenip

Vienna, Austria

E

ericcamden

Berkeley, United States

J

jjonas

berlin, Germany

Quentin

Toronto, Canada

R

rpmccarthy

Sydney, Australia

pentatonicscale

Niiza-shi, Japan

S

SourceWebDesign

Nieuwegein, Netherlands

O

Orenius

Tacoma, United States

R

ram1919

San Jose, United States

Vintagebeeinc

Youngsville NC, United States

N

netsirkd

Highland, United States

T

teepo

Espoo, Finland

Bobrm2k3

Charleston, United States

B

Brian

Washington, DC, United States

G

Goldrivermob

Gold River, Canada

D

Don100

Wilton, United States

A

AndrewC

London, United Kingdom

Sarasota

Sarasota, Fl, United States

D

dcheung

San Francisco, United States

J

janakan

Hong Kong, Hong Kong

A

adildzhalilov

United States

M

mb210047

Miamisburg, OH, United States

R

rossgarlick

United States

A

adiipienaar

South Africa

J

JDerrig

Downers Grove, United States

Ask Jacob a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Hellen    Sep 29, 2014

    Jacob said that hes working on repaying the loan,he said he had some financial issues.

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  • gardeningartist23    Mar 27, 2014

    Wishing you success with your business!

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  • roberta.zenere    Nov 4, 2013

    Dear Lenders,

    my name is Roberta Zenere and I am a Kenya Country Liaison Intern at Zidisha. Within this role, I am coordinating the Zidisha's MPESA team, responsible for processing loan repayments and disbursements.

    Today, while reviewing our accounts, I noticed that the repayment of 85.41 USD (7,200 KES) posted on October, 13 in the repayment schedule of Mr Mutunga was entered by mistake. This means that, upon removal of the transaction, the amount that had been credited to your lender account will be reversed and will reduce your available balances accordingly.

    We are sorry for this inconvenience. Please, let us know if you have any questions.

    Thanks for your patience!

    Best regards,

    Roberta

    Log in to reply • Share
  • Jacob    Jul 9, 2013

    Hi all lenders,
    I take this opportunity to first thank you for counting me worthy to be funded by Zidisha organization. I am ddoing well with my second loan and i have been able to do alot with the loan in improving my business. I wish to repay the remaining amount well in advance as my business is doing quite well. Thank you.

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