Sale of spare parts for motorbikes

Brigid

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Brigid

Member since

January 2014

On-time repayments

220 installments  •  26%

About Me

I am a kenya citizen a resident of Nakur town. I am currently engaged in a small business that has enabled me to live an average comfortable life. I hold a barchelors degree in Barchelor of Science in community development from egerton university located in Nakuru county. I started a business since i came to realise that my salary alone could not adequately earn me a more decent living therfore the business was to act as a supplement to my income. I am married with two children which even encouraged me to go into business just to ensure that a cater for their basic needs adequately. I hop that zidisha will help me move my business to a higher level through their fincial scheme of lending. Thank you

My Business

I am in transport business operating withing the outscarts of Nakuru and Nakuru town. I started the business in the year 2011 and ever since i have never regretted. First and foremost, i must declare that the business has given me returns than i expected thereby leaving me with no option but to find meanbs of venturing more into it. I started the business with 2 motorbikes which has curently grown to 4 motobikes. About the returns, i take home an average of ksh28,000 per month of net profit. The business costs atleast kshs 14,000 with a total income of kshs42,000. the income is used for the purpose of maintainance and paying labour and other operational expenses like licenses. The loan that will be given to me by zidisha will be repaid from the proceeds of the business as i expect to even grow my income when i finally invest in more funds. I not only wish to be grown but also to repay the loan as per the zidisha schedule.

Loan Proposal

Thank you once again lenders for the first loan that enabled me to carry out a thorough repair of my motorbikes. This enabled me run the business efficiently and even doubled my profits.
My second loan will be used to increase my spare part shop.This will enable me run my transport business more conveniently because having spare parts available will save me time and energy if any motorbike gets a puncture.
It will also enable me serve my family, community and the whole nation through the profits and improve our economic status. Therefore i will be very grateful to zidisha and all the lenders for helping me to achieve this set goal. Thank you in advance

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$213.00

Date disbursed

Mar 6, 2014

Repayment status

On Time

Projected term

9 months

Lenders

Jouni

Finland

rfriedenberg

New Jersey, United States

Sarasota

Sarasota, Fl, United States

P

Popcorn

Berkeley, United States

M

mpcovcd

United States

M

mmatuzak

United States

S

science4sail

United States

K

Krakit

Mountain view, United States

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  • Michi    Jan 3, 2015

    Hello Brigid,

    How are you doing? Can you give us a quick update on your business?

    Thank you

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  • Brigid    Aug 11, 2014

    THIS IS BECAUSE OF SEASONAL CHANGES OF THE BUSINESS PERFORMANCE, THIS IS DUE TO THE FACT THAT I HAVE SPENT MUCH ON THE ACQUISITION OF STOCK WHICH AM YET TO DISPOSE THEM IN THE NEXT TWO TO THREE MONTH WHERE I WILL BE ABLE TO RESUME MY NORMAL WEEKLY CONTRIBUTION.BEING IN TRANSPORT BUSINESS I HAD BOUGHT A LOT MOTORBIKE SPARE PARTS THAT I HAVE NOT YET DISPOSED AND SO I HAVE DECIDED TO RESCHEDULE THIS SO THAT I DO NOT HAVE PROBLEMS IN MY REPAYMENT AND KEEP UP TO DATE REPAYMENT AND NOT TO SKIP UNTIL THE BUSINESS PICKS UP AGAIN.

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  • Brigid    May 24, 2014

    I HAVE DECIDED TO RESCHEDULE MY LOAN REPAYMENT DATE FROM FRIDAY TO THURSDAY. THIS IS BECAUSE I HAVE TRIED TO REPAY MY LOAN ON FRIDAY AS ITS USUAL THROUGH MPESA BUT I RECEIVED AN SMS TELIING ME THAT ZIDISHA NETWORK WAS DOWN BECAUSE OF THAT I DIDNT REPAY THE LOAN AND THAT I DONTWANT MY CREDIT LIMIT TO GO DOWN I DECIDED TO RESCHEDULE

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  • SvenWaage    May 24, 2014

    I wish you success in your venture.

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  • Brigid    Apr 29, 2014

    To all my lenders, a BIG thank you. You have made a positive impact on my business. I particularly would like to give special thanks to the lenders who fund raised for the two loans that enabled me expand my business. i would like to expand my business further to create employment opportunities for others but now i have applied for my third loan that will enable me buy tyres and other spare parts to repair my two old motorbikes. I want to thank all lenders who are contributing to me, God bless you. thanks once again.

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  • Lawrence    Apr 28, 2014

    Hello Brigid all the best and hope you get 100 % bids.

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    • Brigid    Apr 29, 2014

      Thank you Lawrence for thinking the best of me , God bless u.

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  • Brigid    Jan 14, 2014

    Thank you Zidisha for the loan you gave to me. I was able to do a thorough repair of my two motorbikes. Am very happy and very grateful to zidisha team because i was as stag but you came in at the right time to rescue my business and now its back and doing well and am ready to pay back the loan.Thank u zidisha, God bless you.

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