Build a garage for my two tuk-tuk vehicles (3-wheeler taxis)

Reginah Mumbi

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Reginah Mumbi

Member since

June 2013

On-time repayments

412 installments  •  62%

About Me

am from a family of 8 and am the sixth born,i currently work part time in a ground handling company i started farming in a one acre piece of land the business has been coming up because Kenyans and the people of kambiti(Kirinyaga) where the farm is located appreciate healthy eating.the demand for the for the water melon has been increasing day by day.my business plan is to hire extra acres of land for my use and buy the right equipment for my business.my plan is to reduce the running cost of the business by buying my own water pump to get the water from masinga dam,i also plan to buy more pipes to reduce the amount of money used to hire equipments.i satrted the business after 3 years of working and the money i was earning i could only pay my house rent and buy me food and i wanted more financial freedom.the earnings from my business are used to pay college fees and the bus fare to and from college

My Business

my current business is airbnb business,when covid came and most companies wanted to achieve social distancing we have seen a rise and demand in airbnb business leading to business being.but since the current clients are corporate we have seen a demand in luxury apartments and people wanting more comfort in the apartments.i currently operate two 3 bedroomed apartments in a nice gated community and in the process of starting a third one.business has been progressing well with us getting 85% occupancy rate.per month we make an average 70,000ksh to 90,000ksh before we remove the expenses.after we deduct all expenses we remain with around 45,000ksh.

Loan Proposal

my third loan and very happy and grateful to entire zidisha team.i pray that you may be blessed always.i am so happy with my business so far.the parking fee has been increased from 50ksh to 100ksh.which is a 100% increase.so some time back i decided to construct my own parking garage for my 2 tuk tuk(3 wheeler taxi).that will help me save some money because right now am using 6000ksh per month to pay for parking which makes it look like a waste of money.the garage will cost me about 55000ksh and it can house about 6 of them so the other space i can still hire it out to other tuk tuk owners for about 50ksh per nite.hence makinng more income for me.i can comfortably pay the loan as i have proved before.thank you again.i see my financial freedom some.be blessed always zidisha team

Feedback

8

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  • guenter    Apr 22, 2017

    Reginah payed back in advance "as usual" :). I might call her a friend because I supported some of her loans and I was never disappointed.
    Please support her new loan!

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$494.00

Date disbursed

Apr 8, 2014

Repayment status

On Time

Projected term

15 months

Lenders

Dianne

Maryville, United States

evinpa

United States

traciyoshiyama

Honolulu, United States

G

guenter

Bremen, Germany

Tavin

Ottawa, Canada

J

jjonas

berlin, Germany

Pierfausto

Rome, Italy

Shealady

Halifax, Nova Scotia, Canada

Padrino

Kilkenny, Ireland

Sarasota

Sarasota, Fl, United States

M

Molloy

Moorpark, United States

M

mguenter

Switzerland

S

scottindc

United States

TeriJ

Athens, GA, United States

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