Retailing mobile phone accessories

Simon Njugu

Mukuyu, Murang'a, Kenya

100% repaid

Entrepreneur

Name

Simon Njugu

Member since

October 2013

On-time repayments

153 installments  •  29%

About Me

I am Simon Wambugu Njugu, a moblie technicial in mukuyu area in Muranga, I am a graduate of arts and have a lot of passion on mobile technology. I deal with mobile software repair and upgrading. i love my job as in this field there are no many specialist on computerized mobile repair. I also operate an Mpesa shop alongside the the phone repair. the mpesa helps to market my phone repair shop and the phone repair also markets the mpesa, therefore the two are interdependent. it is in this business that my wife works and we get enough income to sustain my family of two children and one wife. am determined to grow this business and expand it to other areas as well as training for unemployed youth.

My Business

I operate a mobile repair shop. i have specialized on software repair and have acquired two computers and flash boxes to help me improve on service delivery. this is the major business of the shop but on the sideline I also operate an Mpesa shop, under this I sell airtime, register lines, sell lines and some memory cards. I have a gross capital of about three hundred thousands which includes two laptop computers, two flash boxes and a mobile phone that the mpesa runs on. the there is market for my services as competition in the area is not stiff.I can afford to service a loan with up to 5000 per month as premium without compromising the current level of consumption

Loan Proposal

I really want to grow my business, the distance between me and my dream business is your loan. It is for this reason that an seeking for this loan to stock my business with variety of phone accessories. I have tried it with the previous loan you offered to me and it was a success, however i have not fully exploited the market and would like to use the the loan you will give me to ensure that i cover wider market.
I really thank you for your continuous support and look forward for a fruitful relationship. I will work hard to ensure that Zidisha and lenders are proud of my business and approach toward business development.

Kind Regards
Simon Njugu

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.07

Date disbursed

Apr 23, 2014

Repayment status

On Time

Projected term

9 months

Cost to entrepreneur

Lender interest: $150.07 at 0.47% annual rate over 9 months = $0.56

Service fee: $4.18

Lenders

J

jjonas

berlin, Germany

ads68

Melbourne, Australia

Cricketca

San Jose, United States

E

erlingre

Sør-Fron, Norway

Sarasota

Sarasota, Fl, United States

Lambie

Perth, Australia

A

Anonymous

United Kingdom

Bivouac

Hillsboro, United States

J

jpaduchak

United States

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

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  • Lewis Njau    Aug 17, 2015

    Hi lenders,
    mr simon will be paying his loan before the end of the month,i confirmed it through the phone.
    Regards
    lewis njau
    v.m

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    • andyfletcher    Sep 14, 2015

      Hello Lewis,
      Thank you for contacting Simon Njugu. Do you have any further news of him, as he has not made any repayments since your update?

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  • andyfletcher    Jun 26, 2015

    Hello Simon,
    I hope your financial situation has improved. Can you please give us an update on your repayments?
    Thank you.

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  • Simon Njugu    May 3, 2015

    I am facing financial difficulties.

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  • Lewis Njau    Apr 1, 2015

    dear lenders, i have consulted mr simon njugu via phone message and am sure that he will make his payment to get back to higher rate of payment
    regards
    lewis njau

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  • Simon Njugu    Jan 21, 2015

    Dear Lenders

    Thanks a lot for funding my business. For the last one year you have supported me in my business and I have seen a lot of growth. The previous loan assisted me to grow my business and enabled me to pursue my academic goals by enrolling for masters course. As I apply for another loan, am very optimistic that you will continue to fund me for with you the sky is the limit. I will be sending photos to show my progress.

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  • Simon Njugu    Nov 8, 2014

    my business is in the peak season and I can afford to pay more. during this period of holiday. I am able to get more income from my business. this will allow me complete my loan within the next few months. students that have completed exams will increase the demand for my product and hence my turnover is likely to be high. moreover, the cost has also reduces as my children are no longer going to school and hence the cost of transport and other miscellaneous expenditures on them has reduced drastically. therefore my disposable income is high and would like to pay my loan during this period. therefore I need repay my loan as soon as posible

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  • Lewis Njau    Oct 3, 2014

    hi lenders, i will make a call to simon njugu today as he had promised me that he will send some money in the beginning of this month and am sure he will. he is a man of his words

    best regards
    lewis njau

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  • Lewis Njau    Sep 9, 2014

    hi lenders,
    i made a call to simon and reminde him to repay his dues, he was so polite and from the long conversation we had i am sure he will repay
    REGARDS
    lewis njau (V.M)

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  • Simon Njugu    Jul 9, 2014

    Thank you lenders for your continuous support. I really thank you Cricketca for following up on my updates. My business is headed for a take off. I really apologized for previous delayed payment as it was caused by restructuring my business which made me close for a while as I made some renovation. I expect to review may repayment by October. I really appreciate for your support.

    Kind regards
    Simon Njugu

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  • Lewis Njau    Jul 3, 2014

    Hi lenders,
    i have contacted mr. Simon njugu he has apologised for the arrears and he has promised to send his dues within a short while.

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  • Lewis Njau    Jun 28, 2014

    Hi lenders, i spoke to mr simon njunu today and the way i know him he is a man who keeps his word. He promised to repay his money within 2-3 days

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  • Lewis Njau    Jun 28, 2014

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  • Lewis Njau    Jun 28, 2014

    hi

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  • Cricketca    Jun 27, 2014

    Hi Simon,

    I am glad you are doing well. Thank you for your updates.

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  • Simon Njugu    May 24, 2014

    The loan you gave me is doing wonders. Thank you Zidisha.

    Regards
    Njugu

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  • Simon Njugu    Apr 21, 2014

    I can only say thank you, Zidisha and lenders, your generosity overwhelms me.

    Regards
    Njugu

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  • Simon Njugu    Apr 21, 2014

    I will forever be grateful to Zidisha and Zidisha lenders, the only way I can repay you in ensure that I manage my business well to meet the aspirations and objectives of Zidisha and Zidisha Lenders. Thank you for your support.

    Regards
    Njugu

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  • Simon Njugu    Apr 20, 2014

    Generosity of Lenders and Zidisha can not be imagined. I thank you all for your philanthropic spirit. I will work hard that your trust in me shall never be shaken.

    Kind regards
    Njugu

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  • Simon Njugu    Apr 18, 2014

    Let me wish Zidisha community a fruitful Good Friday. I really appreciate your generosity.

    Regards
    Njugu

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  • Simon Njugu    Apr 17, 2014

    Thank you lenders for your support and showing confidence in me. I will never disappoint you.

    kind regards
    Njugu

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