Buy a motorbyke

Philemon

Ayany, Kenya

100% repaid

Entrepreneur

Name

Philemon

Member since

April 2017

On-time repayments

269 installments  •  93%

About Me

I am an entrepreneur by proffession .I graduted on 1st December 2017.I was born in poor family of 11 children.Four sisters an seven brothers .I went through hardship and challenges in my tender age due to finacial challenge .Being a big family I struggled through toil and hardship that made me to be self-reliant .The hardship and challenges forced me to be developed financial independence .While I was in my primary school at the age of 12 I started operating small business as hawker selling mangoes and oranges at Kamoiywa village .This built my entrepreneurial skills and the desire to have financial freedom.After four years I joined Karatina University and I have managed to complete my degree of bachelor of Science in Entrepreneurship and graduated on 1st December 2017.Currently,I am Working with Juhudi Kilimo as a partime job as I explore the business opportunities. I am still operating transport business.Currently ,I own one motorbyke and planning to acquire another new motorbyke that will transform my transport business.I am determined to established my business and become the manager of transport business .My dream is to expand my transport business to acquire more cars to acheive my dream of being a millionnaire.
My hobby is networking and this has enable me to get more business opportunities in network marketing as well as sharing ideas about upcoming business ventures.

My Business

As a sole proprietor, I operate a transport business .I am in possession of 1 motorbikes facilitating transport businesses within small town s. Its operating from morning till 8 pm at night.I have managed to employ one person to carry out the transportation.
Currently, I earn 100 dollars per month after deducting monthly expenses.Due to low season and long election period the transport sector has been affected adversely. The transport in small towns has high demand because it's the only profit convenient mode of transportation in rural areas.
Since we have dynamic changes in transport sector their is a need to shift to use the Pro-box car since its now the convinient mode of transport and also more profitable than motorbike . I have managed to saved 2500 dollars.I am looking forward to accumulate the saving and reinvest .Through savings,and loan that I expect from lender I will be able to get 1500 dollars to buy a Toyota Pro-box costing 4000 dollars . This would enable me to increase my income to a higher level of 250 dollars per day .I am really yearning to start my career and grow to be a millionaire.
I also have a plan to diversify my business by venturing into selling gas cylinders as well as gas for cooking.Moreover ,as ambitious entrepreneur and also opening shop for selling second-hnad clothes(mitumba).This business will create more income as plan to venture to other lucrative businesses.
I am anticipating to minimize cost by selling the gas cyliders and second-hand clothes by the nearby shop to avoid rent expenses and minimizing the costs.I also found selling cooking gas within the estate would create a large market for my business since most consumers are within the vicinty.
My plan is assisst my parents in their upkeep as well as reivest more to generate more income.

Loan Proposal

I intend to buy another motorbike at a cost of 900 dollars.I have saved 250 dollars from the income I receive daily transport business. I am requesting a loan of 650 dollars to invest in transport Business.I expect my income to increase to 260 dollars per month.I am confident I would be able to purchase a motorbike and expand my transport business and repay the loan in less than five months.
Accumulated savings 250 dollars
Required loan as capital 650 dollars
Total amount required for motorbike 900 dollars

Expected income per month 260 dollars.I believe i will be able to reap from the transport sector through your financial sector. i am longing to receive your feedback.

Feedback

1

None

None

  • Mary    Nov 4, 2017

    Philemon is an excellent borrower!!

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    • Philemon    Nov 11, 2017

      Thank you.I am grateful for your support. I am glad because of zidisha team for being of help to me as a young entrepreneur. I am hopeful that my dream will be realised through the support of zidisha team and well wishers.

      Log in to reply • Share
      • Philemon    Nov 26, 2017

        Hello lenders, I am glad to be a member of zidisha community .Kindly consider my loan proposal I need your support to grow my business .

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        • Philemon    Nov 27, 2017

          I am looking forward to hear from lenders about my loan funding.

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        • Philemon    Dec 11, 2017

          Hello lenders, I am requesting your support to my business. Kindly fund my proposal.

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    • Philemon    Dec 6, 2017

      Hello Mary, I have given my proposal kindly consider my request .

      Log in to reply • Share
      • Philemon    Sep 11, 2018

        Hello Lenders, my transport is on progress despite the challenges I am going through in transport sector.We have had rainy season that has affected our business. I am hoping to clear loan soon with lump sum of cash.Thank you lenders ,I appreciate your support. God bless you.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$79.00

Date disbursed

Jun 16, 2017

Repayment status

On Time

Projected term

6 weeks

Lenders

AndreaBravi

London, UK, Canada

Pere

Barcelona, Spain

Y

Yasha

Beer Sheva, Israel

A

Andy

Berlin, United States

G

glh25

Winooski, United States

P

Pavane

Kungsbacka, Sweden

Paul Buchheit

Mountain View, United States

GMc50

Australia

R

RonEddy

United States

T

Tim47

United States

Haim Si

Mexico, Mexico

Dave Bogard

New York, United States

Family Mueller

Petershagen, Germany

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

Melissa K

Portland, Oregon, United States

A

Anabell

Elizabeth, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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