Buy a strong motorbike

Morrison

Thika, Kenya

100% repaid

Entrepreneur

Name

Morrison

Member since

August 2015

On-time repayments

288 installments  •  88%

About Me

Im Morrison wanyoike Ndungu, born and grow up in Mt Kenya Region Muranga county. I attended kagira primary school where learning was not walk over things since the society itself was hindrance and environment. God willing I managed to complete my O level and join secondary school.
I later join Excel Institute of Professionals where managed to pursue certified public accountant and it was point business ideas come into my mind. Together with my saving and Zidisha Lenders I managed to start motor bike business which has grow rapidly within a period of 3 years. I thanks team Zidisha since I have managed to buy three motor bike where I have employed three people hence improving there living standards.
The challenges concerning my business simply include lack of funds, environmental change ie Rainy season and mechanical breakdown. I have managed to open a new Take away shop ie Chips shop which has help to finance these businesses asp attached photo in my Zidisha profile. And that is the reason I’m requesting for fund to finance these chips shop.
The environment I’m operating Chips shop is favorable since youth do like a lot take away foods and are the most dominant. The weather and society is more friendly to an extent that soft drinks do go hand in hand with Chips.
My children want to grow up being entrepreneurs and financial independent plus help the society to realize its purpose. They look at me as their role model since I have taken big risk to open more business which has take great mile and has positive impact to society.

My Business

My business is Take Away shop mainly selling chips to youth and society at large. The business is situated at strategic place where customers can walk easily to shop.
Chips are mainly in demand since the surrounding is full of young generation in collage and secondary who like a lot take away food. They dislike cooking in their hostels and home so it favors my business a lot.
The reason behind choosing this business mainly is to create a solution to society and reduce the gap of wondering what I might eat today. And also the business itself is friendly to society since no noise or air pollution which might have hinder its grow and governing laws.
The associated cost with my business include Rent, Salaries, buying of potatoes, oil and Buying of other materials like kitchen items, refilling of gas etc. The revenue realized per day is ksh 2000 on peak day but on off peak day is ksh 1000 so I thank almighty Lord for this far plus team Zidisha for steady fasting my growth.
The profit realize I used to pay school fee for my kid, some I plough back to business to facilitate its growth and also when I’m called upon on fund raising committee I do attend and support the society with some of profit.

Loan Proposal

I plan to buy a motorbike which can withstand mud, this will cost me around $1100. this will help do transport even in those areas that muddy roads are the order of the day during rainy seasons. The profit percentage I expect is about 25%

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,103.00

Date disbursed

Dec 28, 2017

Repayment status

On Time

Projected term

24 months

Lenders

D

Dave

Dropmore, Manitoba, Canada

Paul Buchheit

Mountain View, United States

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  • Morrison    Jul 12, 2021

    Corona pandemic effected our business infact we close down

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  • Morrison    Jun 7, 2021

    Corona pandemic effecting us our business are closed.

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  • Morrison    Apr 15, 2021

    Corana pandemic really hit us, hotels closed

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  • Morrison    Mar 9, 2021

    The business is not doing well but I can afford this, thanks

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  • Morrison    Jan 20, 2021

    The business is doing a bite fair but for the time being it can afford to pay ksh 800 per week which i cant default. thanks team

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  • Morrison    Oct 29, 2020

    The business is not doing good since this pandamicof covid but I can afford to pay this without defaulting. Thanks team

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  • Morrison    Sep 15, 2020

    Coronavirus pandemic has real effected the business since for the past few month we have closed our business. i wise to reduce the installment

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  • Morrison    Aug 6, 2020

    Business is not doing good due to covid 19 virus which has hit our business so much

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  • Morrison    May 13, 2020

    Coronavirus pandemic has real effected the business since for the past few month we have closed our business. i wise to reduce the installment

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  • Morrison    Apr 4, 2020

    coronavirus pandemic has real effected the business since for the past one month we have closed our business. i wise to reduce the installment

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  • Morrison    Mar 12, 2020

    The business is doing a bite fair but for the time being it can afford to pay ksh 1000 per week which i cant default. thanks team

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  • Morrison    Jan 28, 2020

    The business is doing a bite fair but for the time being it can afford to pay ksh 1000 per week which i cant default. thanks team

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  • Morrison    Dec 28, 2019

    The business is fairly improving day by day as the Kenyan economy is stabilizing since for the last couple of months it was under crisis .... but this what im comfortable to pay for now without failing...thanks team zidisha

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  • Morrison    Nov 21, 2019

    The has really pick since i invested all amount in buying business assets yet to realize profit but im hoping within one month the business will pick up.

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  • Margaret    Nov 4, 2019

    Hi Morrison,
    Thank you for keeping us posted on your business situation. We all run into slow times and understand. We appreciate your efforts to make payments towards your loan! We hope things pick up for your soon! With Regards, Margaret

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    • Morrison    Dec 28, 2019

      Thanks Margaret really appreciate for understanding my situation but things will add up ....as enterprenuer were used to this

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  • Morrison    Aug 27, 2019

    The business is no doing well since its off peak season but im hoping my business will pick plus im comfortable to pay this amount without failing

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  • Morrison    Jul 23, 2019

    The has really pick since i invested all amount in buying business assets yet to realize profit but im hoping within one month the business will pick up.

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  • Morrison    Jul 15, 2019

    Thanks Lenders i received the amount of KSh 94849.
    I will utilize as per stated in the loan proposal.

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  • Morrison    Jul 15, 2019

    I will buy new chips machine at cost of ksh 50000 which will help in production of chips, refrigerator for keeping soft drinks cold at cost of ksh 20000 and also i will add new stock of potatoes, soft drinks.
    This will help improve my business plus more clients will walk in to my premise.
    I look forward to have big take away shop which can accommodate a lot of clients and also to employ more staffs from the society. in this case i will improve living standards of one or two peoples hence eradicating poverty.
    I hope and believe my profit will grow by 30% per day
    Thanks alot and may almighty lord Bless all my lenders plus team zidisha at large.

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  • Mary    Jul 9, 2019

    I am very proud of your branching out in a new business Morrison!

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    • Morrison    Jul 10, 2019

      Thanks a lot Madam Mary, its my honour and privilege to have financial Assistance from you Team zidisha and lenders. im looking forward to huge risk and open more business to have multiple incomes which is useful to my Family, society and my life.

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