Thanks alot zidisha for giving me this chance to access lenders. dear lenders i will use the loan in buying mitumba shoe...

John

Kayole, Nairobi., Kenya

7% repaid

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Entrepreneur

Name

John

Member since

February 2014

On-time repayments

7 installments  •  0%

About Me

I AM JOHN MAINA MWANGI BORN IN KAYOLE ESTATE IN THE YEAR 1989. I HAVE FIVE SIBLINGS: THREE SISTERS AND TWO BROTHERS. I WAS RAISED IN A HUMBLE AND POOR BACKGROUND, AFTER I FINISHED HIGH SCHOOL I WAS ABLE TO JOIN THE UNIVERSITY TO PURSUE AN ENGINEERING COURSE IN ELECTRICAL AND ELECTRONICS UNDER THE KENYAN JAB PROGRAMME. SINCE MY PARENTS ARE AGING AND DID NOT HAVE ENOUGH MONEY TO PAY MY SCHOOL FEES MY ELDER SISTER STARTED A SHOE SELLING BUSINESS IN MY ESTATE FOR ME. THE PROFITS WOULD LATER BE USED TO PAY PARTLY THE UNIVERSITY FEES, COMMUTATION FEE AND ALSO TO PAY MY RENT AND FOODSTUFFS. HOWEVER THE BUSINESS IS NOT THAT BIG, IT IS REALLY HELPING ME IN MY UNIVERSITY STUDIES.

My Business

THE BUSINESS IS LOCATED IN KAYOLE SHOPPING CENTRE, ON A RENTAL ROOM, I PAY MONTHLY THE RENT OF KSH.1500, AND THE TYPE OF SHOES ARE CALLED "MITUMBA" IN KENYA, WHEREBY I GO TO A MARKET CALLED NGARA, TO PURCHASE DOZENS OF THE SHOES WHICH WILL HAVE BEEN IMPORTED AT A CHEAPER PRICE AND THE LATER TAKE THEM TO ADD A PRICE ON TOP TO GAIN PROFITS , I USUALLY BUY AT EVERY START OF THE MONTH ABOUT 20 SHOES WHICH COSTS ME KSH.10000 AND AFTER PAYING MY RENTAL AND ELECTRICITY BILLS I REMAIN WITH AN AVERAGE OF KSH.20000 PER MONTH. SINCE THE BUSINESS ARE PROVIDING PROFITS AT THE MOMENT, I WILL USE THEM TO REPAY THE LOAN IF ZIDISHA WILL HELP ME THE LOAN.

Loan Proposal

DEAR LENDERS AS YOU HAD READ MY STORY I AM HAVING A BUSINESS OF SELLING SHOES AND I AM PLANNING TO USE THE ABOVE APPLIED LOAN TO PURCHASE STOCK FOR THE STORE. I AM PLANNING TO USE LOAN AMOUNTING TO KSH.3000 TO BUY FIVE MENS OFFICIAL SHOES FROM NGARA MARKET IT WILL COST KSH. 2000 AND THE OTHER PORTION USE IT TO BUY CHILDREN`S SHOE THAT WILL COST KSH.1500.
THE BUSINESS IS RIGHT NOW HAVING MANY CUSTOMERS ON HIGH DEMAND DUE TO REOPENING OF SCHOOLS AND MOST PEOPLE ARE ALSO HAVING BENEFITS FROM COFFEE BONUSES HENCE A LOT OF MONEY.
THANKS ALOT ZIDISHA LENDERS FOR THE HELP.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Feb 23, 2014

Repayment status

Late

Projected term

7 weeks

Lenders

EricDWalters

Rochester, Mn, Usa, United States

investor

Candiac, Canada

Silver

Steiermark, Austria

Sundstroms

Falun, Sweden

Ingela

Falun, Sweden

Sarasota

Sarasota, Fl, United States

E

Escalada

Bakersfield, CA, United States

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  • Vincent    Feb 9, 2015

    Hi Zidisha fraternity,
    I have managed to reach John Mwangi over the phone this morning regarding his zidisha loan arrears and he has agreed to resume next week and if everything goes well with his finances he will be clearing his loan but if not possible he will repay as scheduled.

    Thank you for your patience.
    Regards
    Vincent VM Kenya

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  • Vincent    Dec 4, 2014

    Dear lenders and the management,
    I have managed to reach John Mwangi over the phone this morning due to his Zidisha loan arrears and he has agreed to me the repayments next week Monday since he is trying and working hard to raise money since his business has not yet picked up well.

    John am wishing you well and also the best of lucky.

    Regards
    Vincent VM Kenya

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  • Vincent    Nov 5, 2014

    Dear all lenders for Mr John Mwangi, I have personally talked to him this morning and he has agreed that he will be making his zidisha loan repayments this end month, but have requested him to make a reschedule and he has said that he is making reschedule couple of minutes from now since he knows on how to do it.

    Thank you all lenders as you remain patience.

    Regards
    Vincent VM Kenya

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  • Vincent    Sep 30, 2014

    Dear Zidisha fraternity,
    I have this evening reached John Mwangi by phone regarding his zidisha laon arrears of which he felt so sorry although he agreed with me that he actually took little money of which he has taken time to clear and he is trying to resume payments by monday to that he can atleast build up his records and also a trust with his lenders and the management.

    John, I too wish you all the best.

    Regards
    Vincent
    VM Kenya

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  • Vincent    Aug 29, 2014

    Dear lenders and the management,
    I have spoken to John Mwangi this afternoon following up with his loan arrears and he told me that he business has been down but now again the business is picking up and he probably will resume his repayments this coming Monday. I also take the opportunity to wish him all the best and also it will be good of him create his good trust with the lenders.

    Regards
    Vincent VM Kenya.

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  • Vincent    Jun 1, 2014

    Dear Zidisha Management and Lenders Fraternity,
    I have tried to reach Mr. John Mwangi on phone today, but his phone response was unreachable, Kindly it my sincere request to all concern that I will try to reach him again later today and if all goes unsuccessfully then I will arrange to speak to his community later tomorrow.

    Thank you
    Regards
    Vincent - VM Kenya

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  • Ronald    Feb 23, 2014

    Hi John,


    Sorry for taking long without answering your question. Apparently we have two linked M-PESA accounts, one which authorizes disbursements, and one which finalizes disbursements. The problem arose with the finalization account. So, earlier last week Zidisha was able to authorize payments, which then expired after 3 days once they were not finalized. This is why you experienced seeing the funds in your accounts, but were unable to access the funds.

    Please note that Zidisha is aware you did not receive the funds, and will disburse the funds as soon as possible once the account is accessible.

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  • Ronald    Feb 21, 2014

    Congratulations John on your loan approval. Use the funds wisely to channel in the business you mentioned as above.

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