Buy a new fuel tank for my motorbike taxi

Noel

Majengo, Kenya

100% repaid

Entrepreneur

Name

Noel

Member since

March 2013

On-time repayments

146 installments  •  72%

About Me

my names are Noel nyanje ziro a resident here at majengo. I have a humble background. Am a married man with three children, a boy and two girls. Am the last born of 11 siblings. My dad died the same year of my birth. This was very hard for my mum since she was a house wife. I got sponsored by my church through the ordinary level of education. Then i kept and sold poultry. I saved some money which i payed for a drivers licence. With my driving licence i ventured into transport business. I was hired to ride motorbikes for a transpory company. I saved money and bought my own motorbike, the one in my profile picture. I want to thank zidisha who have always come in handy whenever i needed money to buy spares for my motorbike. This business has enabled me to pay for my wifes collage fees. She is doing a degree in mt. Kenya unniversity. She is studing bachelor of education in early childhood. In my culture women are supposed to be housewifes but me and my wife decided to break that culture thats why am empowering my wife with higher education. My children are also having formal education. The boy wants to be a teacher like his mum, while the two girls want to be a doctor and a pilot respectively. During my free time i mentor teens. I have a group of teens i call them 'the ambassadors of christ' I counsel and guide them to be good citizen, i teach them christian values. Again i thank zidisha for the previous loans. I want to buy a new motorbike but my savings of ksh 65 thousands are not enough. Another loan will help me buy a new motorbike. My current profit are no longer sufficient. School fees and collage fees have increased prompting the need for more earnings. i know zidisha will be my angel again. God bless all my lenders.

My Business

my business is of( boda boda) motor bike transport here at majengo. i do transport passengers from one destination to another as well as luggage too. this business is on high demand here at majengo because it is affordable and it had been one of the door to door means of transport this is why it is on well demand.most of my clients like boarding my motorbike because i do provide a safety jackets and helmet to the passenger to wear when on board. my monthly running cost is Kenya shillings 2,500. and my monthly sales collection is Kenya shillings 15,000 per month. this is now giving me a monthly profit of Kenya shilling 12,500 per month. I also pay kenya shilings 15000 a year to the government as revenue.

Loan Proposal

-Buy new fuel tank @ 176 us dollars.
-Buy two side mirros @ 10 u.s dollars.
-Buy clutch unit @ 18 u.s dollars
-Buy brake light unit @ 16 u.s dollars.
-Buy brake pads @ 3 u.s dollars.
-Buy headlamp @ 30 u.s dollars.
If this spares are aquired and the motorbike repaired then i will be able to come back to business and also my local spareshop owner will greatily benefit not to mention that the motorbike will have an increase in its span because of the full repair service it will receive.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$330.00

Date disbursed

Jan 24, 2016

Repayment status

On Time

Projected term

10 months

Lenders

BrassHat

Boston, United States

F

flaguy999

Tampa, United States

bb4dogs

United States

PolarBearCapital

United States

MW

Matt Willis

United States

Lou Kaucic

Sanbornton, NH, United States

PG

Paul Graham

United States

LH

Lisa Heinze

Milwaukee, Wisconsin, United States

E

EABF

Netherlands

JB

John best

United States

SP

Stephanie P

United States

I

ibaer

Germany

Ask Noel 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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