Joseph
Lwanda Nyamasare, Kenya
100% repaid
Name
Joseph
Member since
April 2015
On-time repayments
33 installments • 61%
My name is Joseph Nyambune, I was born in Central Kanyamwa, Homa Bay County, Kenya. I come from a poor family background and my parents are small scale farmers. I went to school for my primary and later secondary school where I performed relatively well in academics. I had a desire to further my education after my secondary school but I had to give my other siblings a chance to get the same level of education as me. My parents could not afford to take me to college at the same time paying fees for the young ones.
After school, I started looking for a job aggressively and I was lucky to secure a job as a shop attendant in Kisumu. The shop dealt with sale of small items like toys, earrings, playing cards etc. The turnover was good and but the pay was very little. I used my time there to learn how the business is run and I am very grateful to my first employer because she taught me many business matters.
I am married and in my mid 40s and I am hoping to expand my business using loans raised from ZIDISHA Microfinance lenders.
After working in my first job for five years, I realized that I need to make a move so as to realize my dreams of getting a better quality life and also that of my siblings. With savings I had made over the two years, and with blessings from my former employer, I decided to start fishing business in Lake Victoria, where I catch small fish (omena) at night using keresone-powered lantern lamps.
With challenges, I have managed to keep the business going for 2 years now. The business has grown and I now make a profit of about $100 per month. I am hoping to double this figure soon if I can get a good credit line like Zidisha. The growth of my business has been limited by lack of credit and I am hoping that I won’t have to worry much about that since Zidisha will take care of my credit needs.
f given this loan, I will use it to add my inventory of mobile phone accessories. I intend to buy cell phone batteries and chargers and which are bought in large quantities by my customers. This will keep them satisfied since they will be able to get a variety of these items under one roof.
I hope to get bigger loans in Zidisha so that I grow my business even further.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Apr 27, 2015
Repayment status
On Time
Projected term
7 weeks
Other loans
Ask Joseph a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Amount repaid
$105.14
Amount remaining
$0.00
Date repaid
Jun 7, 2015
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
May 10, 2015 | $15.01 | May 10, 2015 | $15.01 |
May 17, 2015 | $15.01 | May 10, 2015 | $0.54 |
May 17, 2015 | $14.47 | ||
May 24, 2015 | $15.01 | May 17, 2015 | $2.76 |
May 24, 2015 | $12.26 | ||
May 31, 2015 | $15.01 | May 24, 2015 | $4.41 |
May 31, 2015 | $10.60 | ||
Jun 7, 2015 | $15.01 | May 31, 2015 | $7.18 |
Jun 7, 2015 | $7.83 | ||
Jun 14, 2015 | $15.01 | Jun 7, 2015 | $15.01 |
Jun 21, 2015 | $15.08 | Jun 7, 2015 | $15.08 |
Loading...