Motorbike for village taxi service

Caroline Jomo

Kilifi, Kenya

42% repaid

Entrepreneur

Name

Caroline Jomo

Member since

September 2012

On-time repayments

333 installments  •  29%

About Me

i am a single women am working as a assistant administrator at keiway mining and technology college in Kilifi, i studied at Magnet High School, Kenya Institute of management for my diploma in Business Management and Human resources management, I bought motorcycle for transportation and i want to add another one so that i can expand my business

My Business

I own motorcycle for transportation, i employed one rider whom i make sure give me 400kshs daily, and the rest he can pay himself with and he works with it for 27 days in a month which i get 10,800 a month and the maintenance is around 1000kshs monthly depending on the weather. my customers prefer my services because my rider is always on time and very trustworthy, mostly he transport working professional to work and also late night he transport youths from clubs to their residential areas.

Loan Proposal

My business is about transportation by a motorbike, which i started in 2012, my goal is to increase the number of the motorbikes so that i can reach more customers since this area many places can not be reached by vehicle i would like to ensure people can access the town center and go back home safe with a trusted means of transport.
My business is also a way for me to educate my niece who is also an orphan to ensure she has a brighter future, and also improve the lively hood of my neighborhood by providing jobs.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$597.01

Date disbursed

Nov 3, 2014

Repayment status

Late

Projected term

73 months

Cost to entrepreneur

Lender interest: $597.01 at 5.88% annual rate over 73 months = $213.23

Service fee: $132.51

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  • Caroline Jomo    Dec 2, 2015

    I would like to thank everybody for your help and a gain I would like to adjust my instalment due to the fact that four of my motorbike I was operating got stolen and one is grounded due to lack of maintainace am currently not employed but am working on it to ensure I clear my instalment and manage to revive my business I request your understanding to allow me adjust the a mount and once am able to regain my stability I will readjust it to a higher amount to help me finish the amount due and also a allow me to borrow a gain. Thanks in advance.

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  • Caroline Jomo    Mar 31, 2015

    i would like to thank all of you for making my life better with the loan that helped me improve my business, also to request your understanding in that two of my motorbikes where impounded and are not operational due to county government traffic operation for the last three weeks, i am requesting to to be allowed to recover my bikes by paying the fines so that i can resume my normal loan payment schedule as from 04/28/2015, this will help me have gather enough money to bail may riders also out of jail, they were taken in due to riding the bikes without their helmets on, i kindly request your understanding on that i will really appreciate if all the lenders accepts my request. Thank You and my God Bless you all.

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  • Caroline Jomo    Mar 27, 2015

    Hello Zidisha Lenders,
    i would like to thank all of you for making my life better with the loan that helped me improve my business, also to request your understanding in that two of my motorbikes where impounded and are not operational due to county government traffic operation for the last three weeks, i am requesting to to be allowed to recover my bikes by paying the fines so that i can resume my loan payment schedule as from 04/28/2015, this will help me have gather enough money to bail may riders also out of jail, they were taken in due to riding the bikes without their helmets on, i kindly request your understanding on that i will really appreciate if all the lenders accepts my request. Thank You and my God Bless you all.

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  • Caroline Jomo    Jan 6, 2015

    It a new year and i would like to thank all my lenders who made it possible for me to have my second loan i don't have enough words to express my gratitude because i managed to get a new bike and though i had lots hectic time at the county office for the new license due to the new county laws am happy to say that my bikes are all working and making a huge change in my life, after buying the bike and the license i manged to remain with 10, 000 which helped me to go and visit my rural area which i haven't done for like 8 years and am really happy that i did go home thanks to zidisha. since now i have more than three bikes my income has increases which is helping in paying the tuition for my little niece which is my primary goal and my life has never been the same again not to forget i did employee a rider who is very hard working guy who volunteer to work through the week and rests at night which is really improving the life of his family. i can't thank zidisha enough but hope many people around the world is getting such help like this and making a change in their lives. Thanks to all of you and may God Bless you.

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  • bconrad    Dec 1, 2014

    Dear Lenders,

    Due to a data entry error, a payment from Caroline on November 21st was entered multiple times erroneously. Once this error is fixed in our system, the funds in your lender accounts will decrease accordingly. We apologize for this error and any inconvenience it causes you!

    Thank you,
    Bayle, Country Liaison Manager

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  • Tanya    Nov 27, 2014

    Hi Caroline, hope all is going well. Thank-you for repaying early. Tanya

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    • Caroline Jomo    Jan 6, 2015

      Hi Tanya
      i do appreciate the help i get from my lenders and i will always do my best to pay my loans on time and if i get stack i will let my lenders know so that i can reschedule but for now am also happy that i can pay on time thanks to good people like you i really thanks and appreciate you. thanks

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  • Dominic Kirie    Oct 31, 2014

    all the best go go go

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    • Caroline Jomo    Nov 1, 2014

      Thanks You Dominic, i always believe in not giving up so i will always try till i reach my target with the help from Zidisha lenders, giving up is not an option for me, if i fail today there is always tomorrow.

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  • Caroline Jomo    Aug 25, 2014

    Hello,
    A lot of thanks to those who have contributed towards my loan i really do appreciate your commitment,just requesting the members to help fund my loan it will be of a great help. Thanks

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  • Caroline Jomo    Jun 3, 2014

    Hello Everybody i just want to thank you all for making my life easy by providing me with loan to expand my business. in life we all have ups and downs but those are there to strengthen us this was due to the fact i went through rough time and all the lenders understood my situation and gave me the chance to extend my payment, now am getting to the end of my payment schedule which will be August 4th and i was wondering if it will be OK for me to apply for another loan as soon as i finish the current one? if it will be OK how soon will it be and how much will i be qualified to borrow? and if i wont qualify what advice will you guys give me on the way forward? this is because i had a target of 15 motorbikes i now have 3 bikes so am not there yet.any advice?

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  • Caroline Jomo    Aug 31, 2013

    the reason why i am requesting to reduce the amount of repayment is that my motorbike was involved in an a road accident on fifteenth of august and it is currently at the police station, i was told to pay kshs 19,000 by the end of august today so that i can take my motorbike for repair and this has brought a financial restrain on me and i would not like to be behind my payment of the loan i wish that you will accept my request. thank you

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  • Caroline Jomo    Mar 26, 2013

    Hello everybody
    finally i managed to get the second insurance for my motorbike, now my ride is safe from traffic police, and also i managed to get a contract with one of the local hotel to take my bike to take their visitors to the beach.
    things are looking good and i would like to thank everyone who made it possible to acquire this motorbike thank you all.

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  • Caroline Jomo    Nov 23, 2012

    Hello everyone,
    i managed to get the bike i wanted to buy and now am in the process of getting the insurance so that i can put the motorbike on the road for the job to begin,
    am very much happy about it and i can't wait for work to start and without all my lenders i could not have managed this so i rally thank you all,
    once i manage to get the license i will let you know the progress.
    thank you every one and may God bless you all.

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    • fayankogbe    Nov 24, 2012

      Hi Caroline - congrats on getting the second motorbike!

      What are your typical challenges running the motorbike business? Any issues with fuel cost, insurance cost, bike tyres, major repairs, prompt maintenance, passenger safety, bike / rider licensing etc.

      I pray that you reach your goal of 15 motor-bikes so you can provide employment for 15 riders and good income for their families.

      Well done madam!

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      • Caroline Jomo    Nov 24, 2012

        Hello fayankogbe,
        Thank you very much, the major challenges i get in this business are the fuel cost mostly this is because some times in kilifi we run out of fuel for a reason known only by the government alone, but i have learn to cope with it in that i collaborate with the public vehicle who bring for me fuel from the nearest town of Mombasa, which really help me in the time of crisis,the next is the repairs of either the side mirror,changing of the oil which i do once after every two weeks, but the small repairs are on the rider so that he can make sure he don't miss use the bike.
        on the part of the insurance i normally take the insurance once a year which cost me about 7,000 ksh and now am waiting for them to cover the two bikes with about 10,000ksh, or less which am trying to talk with my insurance company.
        on the part of the riders license i always employe a rider with all the documents and also that enable me to get the best and trust worthy riders,
        safety of the customers are the most important issue for me like the second bike am going to be picking children from public schools and and my concern is their safety and that is why i talked with my neighbor who is the local police tragic to help me watch how my riders behave on the road and with customers.
        in general i will always trust my business so that i can improve my life and others and with this i will manage to fulfill my goals.
        Thank You.

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    • russell    Nov 25, 2012

      I am pleased for you.Have you thought of employing women drivers?Women and child passengers may prefer this.Also it would provide jobs for women. Best wishes russell

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      • Caroline Jomo    Nov 27, 2012

        Hello russell,
        Thank you, i thought of employing a women rider but the problem is that in kilifi we only have two women riders and they are already employed, i would like to have one to handle the children, all in all i have faith with my riders and believe they will behave well with the children.
        my contract with them is very clear which is if i hear that they either steel or violate the customer i will have their license revoked in short they will no-longer ride motorbike
        and it is a signed contract which they are aware of so i take their words and also working very closely with the police on that so i am looking forward to seeing my business succeed so my prayer is that they maintain the agreement and always ensure that the customer is satisfied.
        thank you.

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    • russell    Nov 25, 2012

      I am pleased for you.Have you thought of employing women drivers?Women and child passengers may prefer this.Also it would provide jobs for women. Best wishes russell

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  • Caroline Jomo    Nov 20, 2012

    Hello Zidisha Team,

    i would like to thank all of the people who contributed to my loan and also i would like to thank the Zidish team for being the pillar of poverty eradication around the world.
    i will do my best to make sure my loan is paid before the end of the agreed period so that i can borrow another one and also i will be posting every progress of my activities to motivate others to continue trusting Zidisha organization.
    thank you all for what you are doing God will always bless you for making sure that every body has a brighter future thank you so much.

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  • Cosmas Kenga    Oct 19, 2012

    Hi Zidisha,kindly check if this applicant can get going.she has been waiting for too long.

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