So far the club has lent a total of $670, using $471 of uploaded funds. An additional $324 in on-time and $137 in late repayments remain outstanding.
Current Loans:
Adame Faye: Early. $60 lent, $40 outstanding.
Loan Proposal: To continue my transportation business that I started with the second loan, I plan to buy another used car, since the profits that I made (combined with the loan) will be enough to buy one. The transportation business in Senegal is a sector that is thriving because of the fluidity of the population in the suburbs, which is why the government is modernizing the area with new bus lines. But taxis are equally used by the population, particularly in residential areas, which is what prompted me to invest in this field. I am also thinking about other areas of business such as the upcoming opening of a money transfer agency for the fourth loan as this also works well and is very productive, and I am in discussion with my bank for a win-win partnership. Thank you, Adama.
Madeleine Ouattara/traore: On time, $65 lent, $65 outstanding.
Loan Proposal: Parallel to my position as midwife, I lead a second activity that involves the sale of cloth Bazin type jewelry, ready to wear for women and children and handbags and shoes and cloths WAX brand, Dutch ... It is a income generating activity especially as I realize profits on a regular basis. provided I was through my sister who is a trader. I sell my items very often a credit to my colleagues, friends and knowing that reimburse me the most at the end of the month. My goal in the short and long term is to open a shop and strengthen my ability.
Boaz Wakasiaka: On time, $80 lent, $77.60 outstanding.
Loan Proposal: I will use 50 percent of the loan to buy books of HIV aids management and other related research books,buy writing materials for students. i will use 20 percent in transport,since i have organized several seminars allover western region Kenya.this will enable me to move and facilitate my movements. i will use 30 percent to pay rent and some few staff by adding on top of what i have.
James Morara Onchangu: On time. $80 lent, $76 outstanding.
Loan Proposal: I run a small handicrafts business. The products that i sell include wooden and stone carvings as well as leather products that are made by village artisans in the community here in Mombasa and surrounding areas. I have also engaged the services of experienced carvers from the community to make special high priced carvings. I fund my business from my own personal savings but we have challenges meetings customers orders as we don't have enough materials to make products. We used our first Zidisha loan of $150 to busy stock and now we have many orders of handicrafts from Japan, USA, South Africa and Switzerland. My business promotes sustainable Kenyan woodcarvings as well by encouraging the use of farm-grown trees instead of threatened hardwoods for carving, thereby securing carvers’ livelihoods and providing a new income source for many poor rural villagers. Woodcarvings made from Neem (locally known as “Mwarubaini”) rather than over-harvested hardwoods, such as ebony, can now carry the FSC logo, giving consumers peace of mind that the carvings have not contributed to the destruction of the forests of Kenya. The certification is also unusual in that it certifies wood from small farms for the production of carvings by Kenyan craftsmen, instead of the most common FSC certifications of large-scale, commercial timber production to supply the timber trade and well-known do-it-yourself stores. We contribute to conservation of threatened Kenyan forests and help to improve livelihoods for poor farmers in Kenya by offering free tree seedlings. My business is profitable as buy my handcrafts stock from the local villages from as low as US$16 - US$80 and i sell at US$30- US$150 depending on each item .I get a profit of US$500 every month. I invested the profit into my business and now I have expanded it and employed two orphans who finished their high school and have not got admission into college. I have enrolled them for evening classes in accounting. I will use this Zidisha loan to buy more stock of handmade arts and crafts from the villagers for sale at a profit and uplift their economic status. I intend to use part of the profit to establish a daycare orphan feeding center in the village as part of my social responsibility in giving back to the community. I will be grateful to Zidisha lenders for giving me a hand once again.I promise to invest wisely and repay my loan promptly.
Andrew Nkurumah: On time. $82 lent, $65 outstanding.
Loan Proposal: As soon as I will receive the funds I will buy enough stock of especially consumable goods such as sugar,cooking fat,soap,flour,bread and other goods like tissue papers,lotions of different types, households and as well add other new items like exercise books,fulls capes,envelops,chalks,pencils and biro pens. This will enable me to attract more customers and sell my goods first and pay my loan on time
Mamadou Fofana: Late. 18% of $82 repaid.
Loan Proposal: I would like to use this loan to buy a lot of merchandise each time there is a new arrival of fabrics and shoes on Medina’s market. Therefore, thanks to the help of the generous lenders at Zidisha, I will be able to expand my business, have more customers and generate more profits.
David Malibo: Late. 4% of $55 repaid.
Loan Proposal: If you fund me with the loan i will expand my farming business by buying more inputs. i will also plant a variety of produce apart from maize i will start growing tomato and cabbages which are currently hot cake in the market. i will ensure i purchase all the incentives necessary to enable maximization of profits.
Fredrick Omamo: Late. 0% of $30 repaid.
Loan Proposal: The previous loan which was advanced to me by Zidisha Team enabled me to achieve most of my business dreams and aspirations. I was able to buy more stock in my computer services business. I will use this loan to buy more computers for internet browsing that will cost KSh 10,000. I will use KSh 5,000 to buy reams of printing papers which are on high demand in the area and KSh 23,000 to buy commercial photocopying machine since the existing one cannot adequately meet the high demand for the photocopy services within my business area. I also get tenders from schools and churches and I need two photocopying machines in order to serve my customers satisfactorily. I am so grateful to Zidisha Inc. Thank you very much.
Recently Completed Loans:
John Macharia: 100% of $60 repaid.
Loan Proposal: Great friends, I am very very grateful for being part of you and you all being part of me.my second loan establish my business well and wide. I will now use the third loan to merge other related computer work and stocking in large scale all computer parts and also make it a mandatory for my premise to officially start selling laptop as the demand is too high in our area. I will also add another digital printer as for digital photo has started especially this festive season. thank you all my lender and the whole Zidisha organization for being there for me whenever I need you most.
Soukeyna Diop: 100% of $30 repaid.
Loan Proposal: Welcome, dear lenders. I offer thanks for the first loan which allowed me to better under my business processing local grains. For my second loan, I will begin to sell cloth that I will buy in nearby countries such as Mali and Mauretania. It had been a good year overall for family parties and religious festivals and these products are also much in demand certainly by women but also artists because it is quality fabric such as bazin riche and dyed bazin.
Susan Njoroge: 100% of $46 repaid.
Loan Proposal: I would like to start up a lab in my chemist so that i will be able to take some tests without refering my clients to other labs.i want to have another room for the lab and also have some equipments like the microscope,fridge,sentrifuge among others so am going at a slow pace but sure thanks to zidisha for supporting me this much.
