James Mwangi

Ongata Rongai, Kenya

100% repaid

Entrepreneur

Name

James Mwangi

Member since

July 2011

On-time repayments

101 installments  •  14%

About Me

My name is Nuthu Mwangi and i am A Zidisha Volunteer mentor based In Ongata Rongai In Nairobi Kenya.I come from a Big family of 10. I am Married and have 2 kids, a boy and a girl I have high school level education,I have more than 10yrs experience in Retail Business and Service industry, I own a mobile mattress cleaning company.and taxi cab business in Ongata rongai.Township.I have borrowed twice from Zidisha and comfortably paid back all the loans plus interest . the loans from zidisha has helped me uplift my business and my life. With the kind of interest banks in Kenya charge zidisha is a savior and you lenders are wonderful.

My Business

In mid Last year 2012 I started a taxi cab service in Ongata rongai an outskirt town of Nairobi . A town which has been developing very fast in fact its the leading town in Economy and development in Kenya where i am the only person operating a Branded taxi cab service in the wide Ongata Rongai area. My cab is branded Ongata rongai cabs .and the business has shown high potential of growth and so far i am planning on expansion.My cab business has continued to improve as i started by hire-purchasing the cab first but of now its fully paid, and i have a plan of getting another one in the near future.the cab business is a easily manageable business with high demand in this middle income estate where business people and residents who are ever busy increasing everyday. I have branded my cab and is packed near a bus stage where its easily visibly From the road >This attracts customers and makes it very presentable.I keep my cab always clean and i am on- time and this has made customers always come back to my cab,there are challenges like the ever increasing fuel prices and traffic Jams but with time i have gained knowledge in fuel saving driving and short routes.With a monthly turn over of Kshs 65000 the costs are fuel 25000 servicing 7000 i am able t make about 30000 every month and that's a good business.The Loan i had taken from zidisha has helped make this business a success and i am a great supporter of zidisha

Loan Proposal

With this loan i shall finance the marketing of my mattress cleaning business putting posters,bronchures,advertising in local media and buying another steam cleaner

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$302.73

Date disbursed

Oct 20, 2011

Repayment status

On Time

Projected term

13 months

Cost to entrepreneur

Lender interest: $302.73 at 2.48% annual rate over 13 months = $8.13

Service fee: $13.49

Lenders

melliecarma

Portus Town, Germany

P

Per

Randers, Denmark

smonroe

Stanford, United States

BM

Benedicte Monroe

Sarasota// Phnom Penh, United States

K

Kondonassis

Bridgton, United States

X

xander

Plainfield, Vermont, United States

M

mikedufty

Perth, Australia

E

Errol

Bradenton, FL, United States

Feldborg

Stuttgart, Germany

G

Givemoreuseless

Waterloo, Canada

arnljot

Oslo, Norway

valentin

Stockholm, Sweden

S

Sander

Borsbeek, Belgium

P

pewatz

Tuebingen, Germany

EricDWalters

Rochester, Mn, Usa, United States

J

jeanbaptiste

*, Afghanistan

KYLE LARSON

Little Falls, United States

A

AndreeBrouwers

Antwerpen, Belgium

B

Bena

Winnipeg, Canada

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