Nicholas
Thika, Kenya
100% repaid
Name
Nicholas
Member since
January 2015
On-time repayments
144 installments • 38%
My names are Nicholas Ndungu Njoki 35 years old from Kenya. I am married with 5 children both first born and second born are in class 8 while the rest are in lower primary. I reside in Kamwangi estate approximately 20 km west of Thika town. After completing my O level education I secured an employment as a casual laborer in coffee factories around my village. I managed to make savings from my earnings in order to get enough capital to start my own business. By the grace of God and with my humble savings I managed to start a business of selling mobile phones accessories, electronics and plastic water tanks commonly known as (Roto Tanks). The profit raised is used to stock back into business, for household expenses, paying business premises and also paying school fees for my children. By the grace of God and incase I get enough capital, this business I would turn it into a company so that I can have many employees who would also earn a living from it.
My business involves selling of mobile phone accessories, electronics and plastic water tanks (Roto tanks). I started this business 7 years ago, we run this business with my wife and this has led to cost effectiveness because when I go to purchase these goods from distributors, my shop remains opened and customers are served throughout. The cost of these goods from distributors is lower and this has enabled my customer to enjoy a reasonable price I give them compared to my competitors.
On the other hand I have introduced (Mpesa) mobile money transfer services and hence increased the number of customers as well as increasing my profit margin because of the commission I get in every transaction made.
This business has a chance to grow to a level of a company because of its location just within Kamwangi town and it is a well populated town, this has been my dream but can only be realized if I can get extra capital
Thank you in advance for zidisha loans, this a right platform to make my business grow. God bless you Zidisha team.
Hi lenders thank you for giving me an opportunity to become Zidisha borrower. When I get this loan am intending to use it as follows:-
- Add Mobile phone flip covers @ USD 20
- Add Discovery batteries @ USD USD 25
- Add the rest to MPESA float.
I expect my profit from the sales of these particular goods to rise with a margin of approximately 45%.
Thanks you Zidisha lenders for supporting my project. God bless you.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 2, 2015
Repayment status
On Time
Projected term
2 months
Other loans
Amount repaid
$103.11
Amount remaining
$0.00
Date repaid
Apr 17, 2015
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Feb 15, 2015 | $10.31 | Feb 13, 2015 | $10.31 |
Feb 22, 2015 | $10.31 | Feb 13, 2015 | $0.80 |
Feb 22, 2015 | $9.51 | ||
Mar 1, 2015 | $10.31 | Feb 22, 2015 | $0.04 |
Mar 2, 2015 | $10.27 | ||
Mar 8, 2015 | $10.31 | Mar 2, 2015 | $0.29 |
Mar 8, 2015 | $10.02 | ||
Mar 15, 2015 | $10.31 | Mar 8, 2015 | $0.53 |
Mar 15, 2015 | $9.78 | ||
Mar 22, 2015 | $10.31 | Mar 15, 2015 | $1.11 |
Mar 22, 2015 | $9.20 | ||
Mar 29, 2015 | $10.31 | Mar 22, 2015 | $0.02 |
Mar 29, 2015 | $10.29 | ||
Apr 5, 2015 | $10.31 | Mar 29, 2015 | $0.04 |
Apr 5, 2015 | $10.27 | ||
Apr 12, 2015 | $10.31 | Apr 5, 2015 | $0.62 |
Apr 13, 2015 | $9.44 | ||
Apr 17, 2015 | $0.24 | ||
Apr 19, 2015 | $10.31 | Apr 17, 2015 | $10.31 |
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