Stocks for taekwondo uniforms

Ernest

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Ernest

Member since

October 2016

On-time repayments

115 installments  •  49%

About Me

I was born in Butere, Western Kenya and had a decent education. I completed high school and eventually graduated from the then Kenya Polytechnic with a diploma in Building Engineering in 1986. I'm a father of seven: four boys and three girls, with my second-born girl in university while the first born is to join campus next year.

What's interesting about me is I've never worked in the field; I studied as I took to sports early in life. I played on the Kenya National Taekwondo team since I was in sixth form until 1992. I was the Head Coach for Taekwondo in Kenya from 1986 to 1999 when I left for Kampala, Uganda. In Uganda, I revived their Taekwondo, having been appointed the national coach, a position I held till 2009. During my stay in Uganda, I learned their language and had my second wife from Bunyoro. I found that the education system in Uganda is better than what we have in Kenya. They still have the 7-4-2 University. They have the best education industry in East Africa with students coming to study in Uganda from all East African countries. This has led me to have all my kids study in Uganda where they stay with my wife except for the eldest two, who are in Nairobi with me to pursue university education.

I came back to Kenya in 2010 on a call from the Kenya Taekwondo Association to take the Kenyan team to Cairo for the Olympics qualifiers tournament. That's when I decided to stay and support my daughters with their university education.

My Business

I realized while in high school that I was talented in the sport of taekwondo, having made the Kenya national team while still in school. When I cleared with my diploma studies, I decided to follow my passion. Inevitably, I had to earn from the sport which I had taken full time. In those early days, it was not easy to make money in an unknown sport like taekwondo. This forced me to expand my knowledge in the industry and become a gym instructor. l eventually founded in 1994 the Kenya Taekwondo Academy as a gym, where I have taught and continue to teach people interested in taekwondo. This is where I merchandise training kits, uniforms and other accessories. As a gym instructor, l'm always interacting with people seeking to be fit, lose weight, and build their bodies.

I've had my success in this field. I earned a bronze medal in the 4th All Africa Games. I have traveled to all continents over the past three decades I have been in this sport. Currently, I'm the highest ranking taekwondo expert in the East Africa region. I should be getting my 7th degree Black Belt before the end of this year.

Loan Proposal

We have a project to Expand Taekwondo Training in to Eastates in Nairobi early next year. As such we are going t have a very high demand of training uniforms and other accessories. I intend to buy these from a whole sale and sell them to the new members that we are going to recruit.

Show original English  

About Me

Born in Butere Western Kenya had a descent Education completing High School and eventually graduated from the then Kenya Polytechnic with a diploma in Building Engeneering in 1986.
I'm a father of seven four boys and three girls with my second born girl in University while the first born is to join Campus next year.
Interning about me is I've never worked in the field I studied as I took to sports early in life . I played on the Kenya National Taekwondo team since I was in sixth form till 1992, was the Head coach for Taekwondo in Kenya from 1986 to 1999, when I left for Kampala Uganda. In Uganda I revived their Taekwondo having been appointed the National coach, a position I held till 2009. During my stay in Uganda I learned their language and had my second wife from Bunyoro. I found that the Education system in Uganda is better than what we have in Kenya, they still have the 7-4-2- University. They have the best Education industry in East Africa with students coming to study in Uganda from all East African Countries. This led me to have all my kids study in Uganda where they stay with my wife except for the eldest two who are in Nairobi with me to peruse University Education.
I came back in Kenya in 2010 on a call from The Kenya Taekwondo Association to take the Kenyan team to Cairo for the Olympics qualifiers tournament. It's when I decided to stay and support my daughters with their University Education.

My Business

I realized while in High School that I was talented in the sport of Taekwondo having made the Kenya National team while still in school. When I cleared with my diploma studies I decided to follow my passion. Inevitably I had to earn from the sport which I had taken full time. In those early days it was not easy to make money in an unknown sport like Taekwondo. This forced me to expand my knowledge in the industry and became a gym instructor and l eventually founded 1994 the Kenya Taekwondo Academy, as a gym where I have taught and continue to teach people interested in Taekwondo. This is where I marchandize in training kits, uniform and other accessories. As a gym instructor l'm always interacting with people seeking to be fit, loose weight, build their bodies.
I've had my success in this field, I earned a bronze medal in the 4th All Africa Games , have travelled to all continents over the past three decades I have been in this sport. Currently I'm the highest ranking Taekwondo Expert in East Africa region - I should be getting my 7th degree Black Belt before the end of this year.

Loan Proposal

We have a project to Expand Taekwondo Training in to Eastates in Nairobi early next year. As such we are going t have a very high demand of training uniforms and other accessories. I intend to buy these from a whole sale and sell them to the new members that we are going to recruit.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$551.00

Date disbursed

Oct 25, 2016

Repayment status

On Time

Projected term

5 months

Lenders

The Zinc Team

San Francisco, United States

Ask Ernest 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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  • Ernest    Nov 3, 2018

    I had a personal tragedy that severely affected my family and finances, I'm still recovering from it

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  • Mary    Feb 7, 2018

    Please reduce your payment if you need to to keep up with your loan. As a lender I have 21 loans where the borrowers have not made payments, some for close to a year. This affects everyone. I cannot lend what I am not paid back. Making regular payments even small ones helps everyone have access to the funds they need to grow their businesses. Thank you.

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  • Ernest    Sep 25, 2017

    Most of my clients are Primary School children and we have just started third term. Most schools are focused on finishing the syllabi for the year, hence less emphasis on sports. This has led to low sales, they should pick up after the end of exams period.

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  • Ernest    Aug 19, 2017

    Hi Mary and the entire Zidisha leading community, thank you very much for extending your lending hand, I am truelly humbled as this loan is going to help me buy and sell my next stock of Teakwondo uniforms for kids and adults. I will use the profits from this consignment to pay school fees for my children for the third term.
    Thank you so much once more and may the lord bless you abundantly.
    Cheers Zidisha Team
    Ernest

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  • Mary    Aug 17, 2017

    Sounds like you have had a wonderful career Ernest. I hope opportunities continue to be presented to you in your future!

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  • Dean Suminski    Aug 7, 2017

    Congratulations on paying off your loan!

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  • Ernest    Aug 7, 2017

    I would like to sincerely express my gratitude to the the lenders in the Zidisha organization, I can attest that the loans that I have received from Zidisha have made a significant difference in my income and I can see myself being able to realize my long term goal of owning a full fledged sports shop.
    The last loan that I have just completed has enabled me to have a steady stock of Taekwondo training kits for children, I have also stocked a few kits for adults. I am applying for this next loan to expand my capacity my stocks.

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  • Ernest    Aug 7, 2017

    I am in a position to repay all the out standing amount on my current loan. I would like to clear this amount and hope to raise the next loan so that I will have stocks to sell in the last quarter of the year.

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  • Ernest    Jun 6, 2017

    I would like to reduce my weekly installment payments so that I meet the mandatory four months with my current loan to qualify for a higher loan on my next borrowing.

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  • Ernest    May 6, 2017

    I would like to increase my current payment limit as my business can accommodate it now and it also has the added advantage of finishing my payments earlier hence I can access my next loan quicker.

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  • Ernest    Apr 24, 2017

    Hallow to the Lenders
    I thank you sincerely for the loan that received after my application went through. I got a total of Kenya Shillings Seventy seven thousand eight hundred and thirty on 21st April 2017 - while I was out of Nairobi for a Taekwondo competition in the coastal town of Mombasa. I came back today and I have already placed my first order for the first butch of uniforms for my trainees. I hope to be able to recycle this capital at least three times before I finish paying this loan in three months time.
    Thank you once more and may God bless your lending hands.
    Best regards
    Ernest Olayo Madanji.

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  • Ernest    Apr 13, 2017

    Hallow to you all that are undertaking this noble task of lending a hand to us to those of us that who really need it to make the next step in our lives. I am thrilled to benefit from this loan that I applied - I am going to buy a stock of Taekwondo uniforms that I will re sale to my trainees most of whom are kids, I hope to circle the capital at least once before my repayment time is up.
    Thank you so much, rest assured that your lending hand is not in vain, you sure are your brothers keepers.
    God Bless

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  • Ernest    Mar 28, 2017

    I am now in a position to increase my weekly payment. It is will shorten my duration for payment and enable me to apply for the next loan which is for investment bearing in mind that this initial loan was depositors' fee.

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  • Ernest    Jan 4, 2017

    I would like to get a loan increment so that I expand my business further. But I have noted that you changed the time duration that I am supposed to hold my present credit from three to six months. This means that if I continue paying at the rate I have been paying I will repay the loan earlier than the mandatory six months which will disqualify me from getting an increase on my next loan.

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  • Ernest    Oct 24, 2016

    I am very great full for lending me a hand . This loan will open a way for growth for me and my family, open a door that for far too long I have watched it shut knowing very well that through it life will be better. Thank you very much for your noble gesture. Indeed there are many like me that do not have the conventional collateral to secure credit the traditional ways, but with this Zidisha set up, this push that we can get goes a long way to change and touch many lives that depend on us. Thanks again and God Bless You.

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