Boost my commuter business

Michael Nduta

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Michael Nduta

Member since

March 2019

On-time repayments

161 installments  •  76%

About Me

My names are Michael Gichia aged 47yrs.I, m the second born in a family of 4 siblings. We were brought up by a single mother who struggled so much with us to help us get basic needs.

During those hard times life was so hard because I remember I stated doing manual jobs at an age of 10 where we were hired to pick coffee as well as work in other people's lands.

I was brought up in Kiambu county where by I attended 8yrs in primary school,4 years in secondary and later did my higher education and graduated with degree in catering and hotel management and worked at Hilton international in Nairobi for 3 years as a supervisor but was working as a casual worker.

After seeing that all was not well and there were so sign's of being employed, I sifted focus and did Environmental science and community development.

I got married in the year 2000 and we have been blessed with 2 biological children, a boy aged 12yrs and in class seven now and a girl aged 3yrs and in pre primary 1.I also support 4 orphans who have been under my care for the last 9 yrs.

All through out, I was saving because deep in me, I wanted to venture in transport industry where I would employ many youths. Thanks to the Lord because He made my dreams true.

The income generated from the commuter business helps me pay all my bills, as well as support my children and the 4 orphans through basic needs and educational needs.

When I’m not working, I like listening to music, watching documentaries and watching different games especially foot ball.

My Business

I entered in transport industry 6 years ago where by I bought a 14 seater commuter van through hassles and hard work. I used to do odd jobs but had one idea in mind save the little i had to see to it that I overcome the poverty that was within our house hold.
Commuter business also known as Matatu business has good returns here in Kenya especially if one is able to follow all the regulations laid down government.

After seeing how tricky being employed in Kenya was,
I decided to seek for support from a friend who loaned me kshs 150,000 and I had 350,000 and this is what I used to buy my first commuter van that costed Kshs 400,000.I used Kshs 50,000 to repair the van and the remaining Kshs 50,000 to meet all the regulations of the government.

This van operates from 5 am in the morning to 9 pm in the evening seven days a week when it doesn't have mechanical hitches.

On daily basis, I earn an income of Kshs 3000 equivalent to 30 USD.I have one thing in mind, of acquiring many commuter vans so that I can boosted my daily revenues but this has been hindered by lack of additional capital to buy those vans but with time, God will see my dreams come true so that I may employ many out if school youths who have gone through driving courses but lack employment.

The goals of my business is to Grow and help others Grow..

Loan Proposal

I,m requesting for this loan to help me buy spare parts for my commuter van so that I can expand my profit levels.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$202.88

Date disbursed

Apr 1, 2019

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $8.55

Credit risk payment: $34.19

Optional expediting fee: $17.09

Lenders

cyrus0302

San Francisco, United States

lietu

Tallinn, Estonia

Kjartan

Oslo, Norway

Krtecek

Balzers, Liechtenstein

M

Moonknight

Østre Gausdal, Norway

W

WinWinNL

The Hague, Netherlands

markpearson

Portsmouth, United Kingdom

Paul Smithson

Leeds, United Kingdom

Sinan Taifour

Munich, Germany, Germany

C

Campbell

New Zealand

CN

Craig Newmark

United States

sbdoc

Reno, United States

Maximilian Lim

Singapore, Singapore

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  • Michael Nduta    Oct 11, 2022

    Hello friends;
    I hope you're all fine and safe. I would like to thank you so much for helping me to grow.
    This money will be used to offer facelift to my van as a seek to boost my business these very hard time. May you all be blessed and May God expand your territories many folds.

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  • Michael Nduta    Oct 11, 2022

    This is Michael and i would like to thank so much all the Zidisha members who supported my project.Their assistance and support made my business grow.

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  • Michael Nduta    Jun 20, 2022

    Hello,I have been struggling with vehicle
    mechanical issue that has seen my incomes go down.In time I will be able to settle the remaining balance.

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  • Michael Nduta    Jun 5, 2022

    Thinks have been tough on my end for the last2 months but i will be able to settle the remaining balance in time.

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  • Michael Nduta    May 6, 2022

    I wanted to make installment as per the schedule but unfortunately was stuck.

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  • Michael Nduta    Apr 5, 2022

    I have been experiencing hitches and financial constrains that i,m looking forward to streamline.

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  • Michael Nduta    Mar 30, 2022

    I have been hit by emergencies here and there and this is the major reason i have delayed some installments.

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  • Michael Nduta    Mar 1, 2022

    I have a person who is currently sick and i have tried as much as i can to raise the funds to cater for every bill but all will be well.

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  • Michael Nduta    Feb 13, 2022

    I want to adjust the installment amount to cater for urgent emergencies

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  • Michael Nduta    Jan 28, 2022

    Hello,The business situations haven't gone back to normal but we are struggling to get that little and cater for our day to day living... but things will eventually get back to normal through God.

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  • Michael Nduta    Jan 16, 2022

    Business is down please but I,m hoping that everything will be fine.

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  • Michael Nduta    Dec 31, 2021

    Business hasn't picked yet but still pushing on.Hope all will be well this coming year...

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  • Michael Nduta    Dec 19, 2021

    I need to settle some emergency...

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  • Michael Nduta    Nov 13, 2021

    I,m currently taking care of an emergency that needs funds urgently that the reason i have changed my installment amount.

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  • Michael Nduta    Oct 10, 2021

    I have changed the the installment amount so as to meet emergency costs.

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  • Michael Nduta    Sep 5, 2021

    I,m taking care of an emergency that requires money instantly.

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  • Michael Nduta    Aug 24, 2021

    I would like to thank my financial supporters so much for helping me to grow.Through their support i have been able to repair the gear box & face lift my van.Once again, thanks for the support.

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  • Michael Nduta    Aug 19, 2021

    Thanks you so much for your support for I will be able to fix my van and boost my business. Be blessed.

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  • Michael Nduta    Aug 16, 2021

    I hope you're all fine and safe. I would like to thank my past financial supporters so much for helping me to grow.Too, I would like to thank the entire Zidisha team for this platform has help me so much from the first time I joined till now. The of Kshs 68,341 that was given to me through ZIDISHA helped me to repair the engine of my van at a cost of Ksh 55, 000, 10, 000 was used for the labour and the remaining kshs 3,341 was used to buy engine oil the van. To me this was a huge boost since I had no alternative and without the help of ZIDISHA team, I would have been stuck.

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