Taekwondo uniforms and supply of training aids

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

I have just finalized paying for the members depositors' fund to enable me to borrow to commence my project to take advantage of my status as a Taekwondo instructor by being able to supply not just uniforms for training but also training aids. This will also see my household income improve. I look forward to expanding this opportunity to the level of a martial arts supply shop in the future.

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

I have just finalized paying for the members depositors' fund to enable me borrow to commence my project to take advantage of my status as a Taekwondo instructor by being able to supply not just uniforms for training but also training aids. This will also see my house hold income improve. I look forward to expand this opportunity to the level a martial arts supply shop in the future.
For this loan which I will get a principal amount of US$ 792
After deductions of the service fees I will have a net of US $ 744.
Purchase of Kids Taekwondo kits at a whole sale price of $ 20.00 each
This will give me at total of 37 Taekwondo kits for kids
The sale price in the market now is US $ 25.00 each.
My gross profit is US $ 925
Net profit after paying the principal amount is 925 - 792 = 133
US $ 133.
I already have the orders following the introduction of Taekwondo in two primary schools that I teach. This should make a easy start for this undertaking.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$814.00

Date disbursed

Apr 21, 2017

Repayment status

On Time

Projected term

3 months

Lenders

R

redhoward

San Francisco, United States

B

bgalon

London, United Kingdom

C

Canlender1

Nanaimo, Canada

R

Raabo

Rungsted, Denmark

investor

Candiac, Canada

P

Peter

München, Germany

BrassHat

Boston, United States

DuAel

Orvault, France

Umair Mahmood

Raleigh, United States

BelleStarr

Albuquerque, United States

cyrus0302

San Francisco, United States

AltruisticSelfishnes

Chicago, United States

DeanDropshot

Oslo, Norway

ErikN

Stockholm, Sweden

D

Debock

Dresden, Germany

KyRoamer

Louisville, Kentucky, United States

MarktheMormon

Sandy, Utah, United States

I

Interfree

Dubai, United Arab Emirates

S

sersub

San Diego, United States

P

pieces15

Grand Falls-Windsor, Canada

T

traderjohn

Baltimore, United States

A

AJCortens

Boise, ID, United States

ZlataRoy

Cheltenham, United Kingdom

A

anonymus

Moon, United States

T

Tallago3

Munich, Germany

Pere

Barcelona, Spain

johnandmoliehi

Canton, New York, United States

J

JakeA

Wellington, New Zealand

C

cjmenchaca

Austin, United States

DaveinPerth

Perth, Australia

J

Jessica

Patagonia, Argentina

P

parsonsron777

Sacramento, United States

BJ

Brandon Joz

North Carolina, United States

R

rmacaw

Australia

A

Angela

Heide, Germany

queenjord

edmond, United States

N

NancyG

Victoria, Canada

A

AlexCheng

Seattle, United States

D

Darish

Clarksville, United States

R

RuthL

Ascot, United Kingdom

B

briansedz

Canton, Ohio, United States

Tavin

Ottawa, Canada

beverly

Vancouver, Canada

phytoplankton

United States

simonvikstrom

Drottningholm, Sweden

T

tmsaddress

Orlando, Florida, United States

KirstenShute

Montreal, Canada

1

1979fan

Palo Alto, United States

C

chrisherron

Chicago, United States

F

fisaire

Ithaca, United States

H

hanh352

Homosassa, United States

dajawein

Gladstone, Australia

indeh

London, United Kingdom

athomas

Chevy Chase, United States

gbnbca

Janeville, Canada

Gillis

Helsinki, Finland

SeeMeeFi

Ontario, Canada

Myrar

Aarau, Switzerland

K

KDeath

Dublin, Ireland

B

bopsquod

Seattle, Wa, United States

G

glomardor

Leonardtown, United States

Cloudways

Malta, Malta

P

pedromaster88

torra pallavicina, Italy

pentatonicscale

Niiza-shi, Japan

G

Goodwill

Oakland, United States

L

leniwiec

Poznan, Poland

P

Prysdahl

Marshall, United States

Christopher

Copenhagen, Denmark

dhulsterwim

LIER, Belgium

E

edgreig

Brixton, United Kingdom

E

Edijac

Strombeek-Bever, Belgium

A

Andy

Berlin, United States

fairspirit

Utrecht, Netherlands

davidt

San Francisco, United States

J

jonaronningen

Trondheim, Norway

K

KnutG

Bergen, Norway

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

numbat

Perth, Australia

isabelv

Barcelona, Spain, Sweden

Zal0m0n

Atlantis!!!! x), Mauritania

K

kingcamo1095

Mountain Home, United States

gseletko

South Perth, Australia

mojobob

Hayward, United States

P

Pavane

Kungsbacka, Sweden

T

ThereIsNoGod

Singapore, Singapore

JonB

London, United Kingdom

soniad

Dubai, United Arab Emirates

D

doublehelix

Philadelphia, United States

L

Lolababalola

Ames, United States

xtrahardware

Cazenovia, United States

B

BMcDermott

Washington, DC, United States

O

OrientExpress

Tokyo, Japan

E

E

Marin county, United States

P

pvranas

Boulder, United States

NedRyerson

Munroe Falls, United States

C

Clben7

Cincinnati, United States

Evan Lamos

Brussels, Belgium

A

akshu71

Ottawa, Canada

G

GanSatya

United States

B

BobHope

United States

sderickson

Berkeley, CA, United States

O

oonbug

United States

pvilliger

Zurich, Switzerland

M

Malibu

Westwood, United States

D

dregier

Ozark, MO, United States

H

HoseB

San Francisco, United States

A

adildzhalilov

United States

T

thegreek1020

San Jose, United States

cc5alive

Los Angeles, United States

Aaron85

Knoxville, United States

Romojo

Paraparaumu, New Zealand

S

spivurno

United States

Paul Buchheit

Mountain View, United States

D

DandS

United States

lyalljellyman

Wellington, New Zealand

A

Ansgar

Australia

S

stuartxyz

Denver, Colorado, United States

M

merk85

United States

B

bugdaniel

Switzerland

K

Karpet

Faroe Islands

mepster

San Francisco, Ca, United States

C

cojoakerr

United Kingdom

chriseyre

Fremont, Ca, United States

J

jsbisa

New Orleans, Louisiana, United States

R

RonEddy

United States

P

Panda6689

United States

L

luckiestmonkey

United States

B

bscent

Hong Kong

W

wesbh89

United States

Grant Xavier Storer

Seattle, Wa, United States

Loungin

United States

C

cha1mers

United States

K

Keith

Luxembourg

M

Medagan

San Franciso, United States

Adrien Norulak

Zurich, Germany

PolarBearCapital

United States

M

Mirko110775

Hamburg, Germany

SuperMario28

Cudahy, United States

Matthias Schulz

Berlin, Germany, Germany

Voscke

Utrecht, Netherlands

A

andreab

United States

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

Martin Ward

Leicester, United Kingdom

Jansa

Oulu, Finland

SK

Sebastian Krohn

Amsterdam, Netherlands

KM

Kirsty M

United Kingdom

C

CSM

Berlin, Germany

Gab

Singapore

Jeroen Decock

Gent, Belgium

M

Marco

Bologna, Italy

Dave Bogard

New York, United States

MD

Miles Dodge

CORVALLIS, United States

JS

Jon Scherer

United States

MW

Matt Willis

United States

W

Wade

United States

P

Patty

Colorado Springs, United States

JD

Jo Dane

Melbourne, Australia

Andrew

Melbourne, Australia

Dean Cress

United States

SK

Stefan Kruell

Muenster, Germany

Lou Kaucic

Sanbornton, NH, United States

E

erica

antwerpen, Belgium

ME

Mike Engsberg

United States

N

Nadine

Düsseldorf, Germany

Max Lettenberger

Madison, WI, United States

KL

Kevin Law

United States

Kevin

San Francisco, United States

EB

Erica Brescia

United States

AF

Alysn Ford

United States

A

Anya

United States

Cameron Graham

Nashville, TN, United States

JD

Jeff DePree

United States

N

Nikhil

United States

George

Corvallis, Oregon, United States

ME

Manaal Eisa

Washington DC, United States

CNV

United States

TH

tom hd

United Kingdom

Caroline Cress

Seattle, WA, United States

BC

Best Chapman

United Arab Emirates

BB

Ben Bellows

United States

Carla

Amsterdam, Netherlands

Andri K

Baden, Switzerland, Switzerland

Framework Eyewear

Utrecht, Netherlands

C

chryddi

United States

NO

Nancy Owen

United States

B

Brent

United States

Pedro R-C

Cambridge, United States

K

Karen

United States

Martin Nielsen

Aarhus, Denmark

F

Frits

Rotterdam, Netherlands

M

Mart

United Kingdom

D

Daniel

United States

A

Ashley

United States

P

patricio

Yorba Linda, Ca, United States

AH

ajay hampapur

United States

N

Nick

United States

E

eriklonnroth

United Kingdom

Aran Dunlop

United States

jo

Los Angeles, United States

Rosario von Li

San Jose, Ca, United States

A

Andrei

United States

AK

Achim Königs

Bonn, Germany

Taylor

Memphis, United States

RM

Rachel Muscat

United States

SH

Steven Huntington

London, United Kingdom

Thomas

Sweden, Sweden

Strong

Netherlands

L

LK

United States

Y

YTSJ

London, United Kingdom

FJ

Flo Jo

United States

Remo

Lucerne, Switzerland

RC

Rudi Chen

United States

KK

karl kerksiek

United States

B

Boris

Bern, Switzerland

JB

John Brown

United States

SA

Steve A

Newbury, United Kingdom

GC

Greger Cronquist

Göteborg, Sweden

J

Jo

United States

Angela Linwood

Minneapolis, Minnesota, United States

B

Brett

Australia

Bill Ballew

Kansas City, Missouri, United States

GA

Giovanni and Yelena

New York, Ny, United States

Sinan Taifour

Munich, Germany, Germany

DF

D F

United States

SA

Shar Alamdari

Los Angeles, United States

Peggy Evans Wise

Memphis, TN, United States

J

Jon

United States

Martin Kraus

Traiskirchen, Austria

Craig Newmark

United States

Romesh Fernndo

Perth Australia, Australia

H

Hans

Czech Republic

The Zinc Team

San Francisco, United States

Benjamin Kniaz

Boston, United States

WS

Warren Shen

United States

Humble Bundle Community

San Francisco, United States

JA

Joshua Axtell

United States

NM

Nitya Marepally

San Ramon, CA, United States

MG

Morten Gade

Copenhagen, Romania

V

VJ

Canberra, Australia

D

Dalton

San Francisco, United States

HCPSPIRIT

Helsinki, Finland

NG

Nathan Grey

United States

Dean Suminski

Portland, Oregon, United States

The Weltys

Averill Park, NY, United States

E

ericb321

Republic of Korea

GS

Gary Sinard

Franklin, TN, United States

ED

Eunan Doherty

donegal ireland, Ireland

EC

Edward Conrads

San Francisco, United States

TB

Tim Barrett

United States

KK

Kurt Kellner

United States

M

Mack

Harbor, Oregon, United States

LD

Linda Dee

United States

IR

Iza Rudnicka

United Kingdom

R

RMIM

United States

A

Aaron

United States

KA

Khaled Asmri

Saudi Arabia

Mike

Indianapolis, United States

DW

Dan Winetsky

United States

WC

Walter Clarke

Phoenix, United States

P

Patrick

Shoreline, Washington, United States

L

Liam

New Zealand

Paul Buchheit

Mountain View, United States

Bryce Bow

Bloomington, In, United States

Cari Donaldson

United States

B

Brittany

United States

AH

Antioch House Church

Kansas City, Kansas, United States

A

Abby

London, ON, Canada

AB

Ashira Blazer

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

HB

Hugo Boss

United Kingdom

A

Anonymous

United States

MW

Matt Winkler

United States, Canada

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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