Simon

Ongata Rongai, Kenya

100% repaid

Entrepreneur

Name

Simon

Member since

December 2011

On-time repayments

150 installments  •  11%

About Me

I am married and i have lived in Ongata rongai for ten years , i have been doing small business in Kwale area of ongata rongai I started a business after not finding a job i borrowed a small capital from my family in 2002 where i sell electrical s and hardware accessories.with the earnings i make from the business i feed my family and educate my sibling and support my parents.

My Business

I sell basic electrical goods like bulbs ,wire, sockets,extension cables etc and hardware tools like hammer handsaws pliers measuring tapes and other small items. this is a profitable business as the goods are locally sourced and are daily consumables in the homes and construction sites. i operate in densely populated area where there is big flow of customers. In a month i buy goods worth kshs25000 and the monthly sales kshs 60000 getting a profit of about 25000- 30000 after deducting the expenses.

Loan Proposal

Thanks"Zidisha" for giving me an opportunity to seek loan through your website. Dear Lenders I am looking for a loan to expand my small business.This being the end of the year the business is good but without enough stock you can't make any profits you will have many customers inquire but no sales.That's the reason i am asking for your support to enable me have enough stock in this season, when customers have enough money to buy my supplies. With this loan i plan to buy more merchandise which are first moving and high returns , Be sure that your loan will help and i promise that i will pay back in total and in good time. thanks and Almighty bless you all.

Feedback

14

None

2



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Loan Info

Project Type

Classic Loan

Disbursed amount

$500.00

Date disbursed

Dec 3, 2012

Repayment status

On Time

Projected term

11 months

Lenders

A

Anninymouse

Southampton, United Kingdom

Kylie

Mount Martha, Australia

C

chkuo

Taipei, Taiwan

davelowe100

Perryville, United States

E

erozlum

Istanbul, Turkey

DeanDropshot

Oslo, Norway

C

Coldspring

West Plains, MO, United States

L

Lemon

Switzerland, Switzerland

russell

leicester, United Kingdom

Sundstroms

Falun, Sweden

M

missjoyy

Munich, Germany

J

Jameson

Salt Lake City, United States

G

gustavalberius

Uppsala, Sweden

andreasol

Bielefeld, Germany

G

GoldenPete

Christchurch, New Zealand

J

Jeb33red

Bourne end, United Kingdom

A

AWhitefield

Ipswich, United Kingdom

D

duckdork

De Forest, United States

Ask Simon 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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  • Simon    Sep 11, 2014

    Am adjusting my business cashflow inorder to be able to clear my loan Initially it was hard for me
    to pay on weekly basis i didn't knew the term of repayment were changed This is my third loan and i
    thought i will repay on monthly basis as previous loans Now i will remitting a minimum of ksh1000
    per week this will enable me to clear the arrears and on time repaying the balances I promise i will
    be honest with you and trustworthy Thank You

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  • Simon    Jul 15, 2014

    I will be comfortable paying at the end of the month as idid the previous loans Weekly repayment
    will be not be practical because it will intefere with my records hence affecting my business cash
    Flow As i will be paying my household and business utilities like food water rent fuel gas and elect
    ricity as i normally do iwill include my instalments

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  • Simon    Jul 4, 2014

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  • Kitty    Jul 4, 2014

    best wishes for the continued success of your business, I hope the motorbike works out well

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  • Austine    Jun 24, 2014

    Man i really admire how you progress you have inspired me big up brother

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    • Simon    Jun 25, 2014

      thank you for your kind words.I do believe in God hardworking smartly determination pass
      ion and counter-attacking competations
      i do stock some wares which my neighbours
      do not have and they do not know where i
      source them.Hey man love whatever job you
      are doing provided it is legal and dont under
      mine yourself at the end of the day you will
      realise your dreams and above all PUT GOD
      1ST each and every day to lead and guide you.GOODDAY

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  • Jane    Jun 22, 2014

    I admire your hard work.I know how people who do this kind of business have to struggle.You are a good example to so many young people looking for jobs.you can start from noting and grow,Keep it up.Simon.

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    • Simon    Jun 23, 2014

      thank you for your encouragement am still struggling bearing in mind that God will bless me In order to excel one must be passionate in
      business determined and above all God fearing

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  • Simon    Sep 23, 2013

    Hey my fellow borrowers i hope all of us have benefited from ZIDISHA.Am sure each and everyone of us have a story to tell of how ZIDISHA has helped us to better our lifes socially and above all economically.I think we are all GOD fearing so let us be honest obedient and trustworthy.As we celebrate when we receive loans from lenders lets reciprocate by making them laugh while we repay on time without being pushed.In case of any problem forward it to the ZIDISHA TEAM to solve they will hear you.Please be answering their calls and SMS.Do not play cats and mouse game.Be genuine be open let your business be known.Lets be borrowers of high moral intergrity and GOD will bless us.Apart from ZIDISHA tell me any where else you can get loan without strings attached.I do urge you to be faithful.LONG LIVE ZIDISHA.Thank you.

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  • Simon    Sep 23, 2013

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  • Simon    Sep 5, 2013

    Hey my lenders am grateful for your kind support my business is doing well i have increased my stocks i have new customers and also retained the old ones due to consistency of restocking overcoming competation talking nicely to customers selling my wares at an affordable price mouth-mouth advertising this has made my profit marging to increase doublefold my challenge is weather:sun and rain. I sell in an open-air kiosk/area but in the evening gather my wares and put them in a store which i have rented .due to sun some goods like electricals; sockets extensions insulating tapes to mention a few do fades others like padlocks cooking pans tools do rusts due todrizzles/rain to overcome this am planning to buy a big umbrella or atarpaulin.i have aproblem of transporting my stock from the source am hoping,if you consider my next
    loan application to by a motorbike which is convenient and economical.my future plan is lease a hardware shop.I vow to remain honest and trustworthy to ZIDISHA, GODBLESS YOU ABUNDANTLY.Thank you alot.

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  • Simon    Sep 5, 2013

    Hey my lenders am grateful for your kind support my business is doing well i have increased my stocks i have new customers and also retained the old ones due to consistency of restocking overcoming competation talking nicely to customers selling my wares at an affordable price mouth-mouth advertising this has made my profit marging to increase doublefold my challenge is weather:sun and rain. I sell in an open-air kiosk/area but in the evening gather my wares and put them in a store which i have rented .due to sun some goods like electricals; sockets extensions insulating tapes to mention a few do fades others like padlocks cooking pans tools do rusts due todrizzles/rain to overcome this am planning to buy a big umbrella or atarpaulin.i have aproblem of transporting my stock from the source am hoping,if you consider my next
    loan application to by a motorbike which is convenient and economical.my future plan is lease a hardware shop.I vow to remain honest and trustworthy to ZIDISHA, GODBLESS YOU ABUNDANTLY.Thank you alot.

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  • bconrad    Aug 16, 2013

    Dear Lenders, my name is Bayle and I am a Country Liaison Intern with Zidisha. Please note that a minor error was made in Mr. Mbugua's repayment schedule, and a payment was erroneously entered for August 16th. Upon removal of this transaction, the amount that had been credited to your lender accounts will be reversed and will reduce your available balances accordingly.

    Mr. Mbugua- keep up the great work in making payments! Best wishes to you.

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  • adventurerneil    Feb 17, 2013

    Greetings lenders! My name is Neil DiMuccio, and I am a Client Relationship Manager with Zidisha in Kenya. I am currently visiting borrowers to learn more about them and support them with their Zidisha loans. It is my hope that this work will build bridges to better connection and understanding, and that Zidisha and its borrowers will increasingly grow, communicate, and support each other.

    Recently I was able to visit Simon in Ongata Rongai with fellow Zidisha staff Traci. Simon is a man who had worked in construction for many years, but eventually decided that the risky and back-breaking labor wasn’t a good idea. So he decided to start a shop selling construction supplies. He stocks his shop based on demand, and finds that measuring tapes, padlocks, tools for digging, and ball-bearings are some of the most-requested items. Simon does a good job of bookkeeping, and has detailed records of all that he buys and sells. Working Monday-Saturday, he claims some 3000 Kenyan Shillings in profit per week from this business, which is not very much to live on in this town adjacent Nairobi.

    Simon said he was eager to repay his first loan, so that he could get a larger loan in the future and further increase his stocks and business. It was a pleasure meeting Simon, and he was very kind to take an hour out of his day to speak with us. We wish him all the best!

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  • Jameson    Nov 19, 2012

    Hope everything is going well. Please keep us up to date on the business. Interested in how things are going. Hope the best for you.

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