Name
Simeon
Member since
April 2013
On-time repayments
62 installments • 60%
I am 36 years old, married and blessed with 2 children. I have a five year old daughter called Abigael and I am holding my young son James in my profile photo. I successfully completed my secondary education and later did training in phone repair. I later started an electronic business which deals with selling & repair of phones but I have now closed this business to work with my wife in a general store. With the profit from the store we support ourselves and our children and we try to assist our younger siblings with high school fees.
My wife Shillah and I are working in a general store in Githurai Progressive in Nairobi. We sell basic food items like eggs, flour, sugar,milk,washing powder, bread toilet paper and mobile phone air time. As Shillah is a trained tailor she also runs a tailoring business at the store by repairing and making clothes. We also offer phone charging service for people who do not have electricity in there houses. We also offer Mpesa mobile phone money transfer service. The different parts of the business work well together. For example, customers sometimes withdraw money using Mpesa and then spend that money on items in our store. Our monthly profit is about 13,500 shillings each month (US$ 150). Sometimes I also assist a friend in his electronics store and I usually earn around 5,000 shillings each month ($60) from this.
I greatly thank Zidisha for the just concluded loan that has now increased our income by ksh 2500 shillings each month ($30)
My business is on the progress of expanding because the phone industry has increase in demand because this is technology era and most people have phones. The Zidisha loan will be used to purchase Phone chargers at Kshs 3000, Phone batteries at Kshs 3000 and Phone cover at Kshs 2100.
This will enable my business to expand and meet demands of the local people hence I will ensure loan is repaid within the agreed period.
Positive
2
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$98.00
Date disbursed
May 5, 2013
Repayment status
On Time
Projected term
10 months
Other loans
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Amount repaid
$104.38
Amount remaining
$0.00
Date repaid
May 22, 2014
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Jun 9, 2013 | $11.52 | Jun 12, 2013 | $11.52 |
Jul 9, 2013 | $11.52 | Jun 12, 2013 | $0.67 |
Jun 26, 2013 | $10.85 | ||
Aug 9, 2013 | $11.52 | Jun 26, 2013 | $1.34 |
Aug 13, 2013 | $10.18 | ||
Sep 9, 2013 | $2.00 | Aug 13, 2013 | $2.00 |
Oct 9, 2013 | $13.44 | Aug 13, 2013 | $0.01 |
Oct 17, 2013 | $13.41 | ||
Nov 6, 2013 | $0.01 | ||
Nov 8, 2013 | $13.44 | Nov 6, 2013 | $12.18 |
Dec 9, 2013 | $1.26 | ||
Dec 8, 2013 | $13.44 | Dec 9, 2013 | $13.38 |
Feb 18, 2014 | $0.06 | ||
Jan 8, 2014 | $13.44 | Feb 18, 2014 | $13.44 |
Feb 8, 2014 | $13.44 | Feb 18, 2014 | $1.13 |
Apr 18, 2014 | $12.29 | ||
May 21, 2014 | $0.01 | ||
Mar 8, 2014 | $0.59 | May 21, 2014 | $0.59 |
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