Purchasing a third motorbike and employing a 3rd driver

David

Kinoo, Kenya

100% repaid

Entrepreneur

Name

David

Member since

July 2015

On-time repayments

169 installments  •  85%

About Me

Hi lenders I'm David... A Telecommunications engineer by profession but a small entrepreneur on the side dealing in motorbike taxing services and petroleum gas distribution

My Business

I have three sources of income one which is my employment as a technician in a Telecommunications company. My second is my 2 motorbikes which serve as taxis in my neighborhood. As of mid last year I also ventured into cooking gas distribution.

Loan Proposal

Over the last few months the need for motorbike service has increased tremendously and as such I see a potential for more business if I obtained another bike making it my 3rd.
Topping up with my savings of $850 that I have in the bank I shall require an extra $100 to fully reach the current retail price of a motorbike of 130cc that currently stands at $ 940 . With this new motorbike I shall be able to employ a third person to my business.
On purchase this motorbike has the potential to yield in a return of $ 4 on a daily basis after my rider has been paid his daily wages and daily fueling of the motorbike has been done. On average this $ 4 that I make in profits in a day may not be much but with three bikes I can be able to raise $12 which I plan to put in a college fund to enable me get my degree in telecomunications engineering.
I therefore kindly appeal to well wishing lenders to help fund my loan.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jun 18, 2016

Repayment status

On Time

Projected term

3 months

Lenders

valentin

Stockholm, Sweden

investor

Candiac, Canada

AdamP

Sunnyvale, United States

O

Oliver

Geneva, Switzerland

D

danielske

Branford, United States

S

SeanWolfPack

Raleigh, United States

R

RobBne

Brisbane, Australia

D

DThirteen

Miami, United States

A

Adam3333

Hague, Netherlands

bycyt

Whitefish, United States

L

LindsayB

Sydney, Australia

isabelv

Barcelona, Spain, Sweden

iamdaimo

London, United Kingdom

gseletko

South Perth, Australia

mojobob

Hayward, United States

H

harrymore

Townsville, Australia

xtrahardware

Cazenovia, United States

J

jinx83

Brisbane, Australia

E

E

Marin county, United States

dlpringle

Denver, United States

B

BobHope

United States

G

gbelote

United States

S

spivurno

United States

Paul Buchheit

Mountain View, United States

joshuacollinson

Vienna, Austria

TyWee

Manila, Philippines

D

DStateDDB

United States

W

wesbh89

United States

J

jdelaporte

United States

Loungin

United States

M

M.Umar

Pakistan

J

JeremyR

United States

S

Stephan

Netherlands

KM

Kirsty M

United Kingdom

GS

Guillaume Schaack

Luxembourg, Luxembourg

NR

Nina Roth

United Kingdom

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

A

Anonymous

United States

Ask David 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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  • Jason    May 22, 2019

    Can't reach David or any of the references as well

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  • Jason    May 22, 2019

    Can't reach David anymore as well as the references

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  • Jason    Mar 2, 2019

    Can't reach David or any of the references under him

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  • Jason    Jan 31, 2019

    Committed to raise the amount soon the delay is due to some financial problems in the business

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  • David    Dec 30, 2017

    I'm going through some serious financial problems. I'm however willing to work a way around it and get back to good paying records

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  • David    Nov 20, 2017

    Thank you lenders for once again having faith in my projects. I did purchase building materials for my shop at home and is now in the process of stocking it up with goods for sale.
    Once again be blessed abundantly.

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  • David    Oct 21, 2017

    Dear lenders...
    Thank you for the loan.. I will set up my retail shop with immediate effect. I look forward to more interaction with zidisha in my personal growth as well as that of my community

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  • David    Aug 19, 2017

    I want to finish paying the loan by end of the year so as to initiate a new project in January

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  • Mwania    May 18, 2017

    After challenge of his motorbike involved in accident, Munga is planning to resume repayment as early as possible.

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  • David    Oct 31, 2016

    One of my motorbikes was involved in an accident and the costs of repair have been really tough on the business

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  • David    Sep 12, 2016

    Thank you so much lenders. This loan shall be used to purchase motorbike parts to facilitate repairs.

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  • David    Sep 12, 2016

    Dear lenders receive my heartfelt gratitudes for the last loan I received. It greatly helped me acheive strides I nevee thought were possible. As of now I am currently in posession of an admission letter to campus to go and complete my degree in electrical engineering. And with my three motorbikes I feel comfortable that I can easily pay my tuition fees and leave a comfortable life still. Once again thank you so much...

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  • David    Sep 2, 2016

    I am having mechanical related problems with my older motorbikes and as such require a little bit of time to have the repaired to full functionality.

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  • David    Aug 7, 2016

    Looking foward to repaying this loan earlier as business is good at the moment

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  • David    Jul 29, 2016

    so far so good. the business has never been better and I am reaping the fruits of this great venture each day. A special heartfelt gratitude to all my lenders. As a result of this venture thanks to your believing in my I applied to a university to begin my barchelors degree in january 2017. I am happy to report that today I have received my confirmation for admission. Thanks to Zidisha and their lenders I will comfortably afford my tution fee. May the good Lord bless you all abudantly.

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  • David    Jun 18, 2016

    Thanks to my lenders I have received my loan of kshs 9908 today. I actually did buy the motorbike I was intending to buy and come this Monday it will officially start work. I really appreciate the believe in my dream by the lenders and I assure them of prompt repayment in the coming weeks.

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  • David    Jun 16, 2016

    Thank you to my lenders for continuing to believe in my dreams to be an independent person and offer assistance as well as employment opportunities to other people.

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  • David    Jun 2, 2016

    Thanks to my lenders on the last loan I was able ti give my older motorbike some major service and I am proud to say that it has gone a long way in providing services required without major incidences. I apologize for a few delayed payments but I tirelessly will ensure that I improve on that in the coming future.

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  • David    May 15, 2016

    I feel I can be able to complete this loan in good enough time in order to perhaps apply for another one to help me in a certain project that I wanna carry out.

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  • David    Apr 9, 2016

    I am currently facing unforeseen personal challenges and may not be able to raise the current amount

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