Buy spare parts for my motorbike

Danstone

Egerton, Kenya

47% repaid

Entrepreneur

Name

Danstone

Member since

January 2014

On-time repayments

133 installments  •  5%

About Me

I am a residence of Nakuru Njoro doing business in the town I am currently operating a boda boda type of business where i have managed to grow my business from the initial two motorbikes to three motorbikes. My transport business strated in the year 2012 and so far it has been growing. I am a teacher by profession and married with one wife and a child. I was introduced into zidisha and through my own assessment, i reaslised it is all i need to grow my business to the next level. When am given a loan through zidisha, I will be able to purchase additional motorbikes and expand my business operations hence income

My Business

My transport business gives me at least a net profit of roughly kshs 19000 per month. This is usually a balance after funding my total expenses of kshs 16000 which majorly goes to repairs and maintenance and paying the labor force and even the municipal license. My total monthly income is usually kshs. 35000. I will use the income from the business to pay the zidisha loan and sometimes even use part of my salary where necessary. Through the business, I have always been able to catered for my family needs including paying school fees. Through the zidisha loan, i will be able to expand my business by acquiring more motorbikes to promote my financial and self reliant.

Loan Proposal

i will buy 2 tyres 7000 and service of ksh 3000 .the balance will be used to m,aintan the bike so that the customers can get reliable service . this will increase my income especialy this month the students are opening school form ones plus university students who are my target .hence repaying the loan will be easy

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Feb 25, 2014

Repayment status

Late

Projected term

31 months

Lenders

Zidisha

Sterling, United States

Sundstroms

Falun, Sweden

Bobrm2k3

Charleston, United States

mojobob

Hayward, United States

Sarasota

Sarasota, Fl, United States

Scotts5320

New York, United States

Matching Fund

Sterling, United States

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  • Danstone    Dec 17, 2015

    Dear lenders am sorry I have not been repaying my loan.I got an accident and I have been admitted in hospital for a while now. This hindered me from going to work and I have not been earning anything I am now well and I promise to do my best and repay my loan.Thank you for your patience

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  • Danstone    Oct 16, 2015

    my bike is back on the road and iam geting well fro hospital .i would like to gradualy increase my instalment in order to clear my loan to get a better one .to my lenders i am greatfull for bearing with me during the time i was in hospital .the loan has assisted me to earn extra income which i have used to empoly a least one youth in the community

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  • Danstone    Jul 23, 2015

    I am still unwell and still talking medical treatment.This has affected my finances hence my business has gone down.I appeal to you lenders to be patient with me untill I recover thats when i will increase my weekly installments.

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    • Melissa    Jul 23, 2015

      To reduce your payments, please log into your Zidisha account and follow the instruction in the 'reschedule loan' section. If you have any question, please do not hesitate to contact us on [email protected]. It is better to contact us directly since we often can miss comments here in your discussion board which is primarily intended for communication with lenders. Thank you.

      Best wishes,
      Melissa

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  • Danstone    Jun 5, 2015

    my business is still very low my motorbike got a problem which is mechanical i tried to take it to a mechanic and ihad to pay a lot of money which affected my cash flow for the business .i have got money from elsewhere and i believe i will soon settle the debt as soon as possible thanks lenders for being patient with me.

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  • Danstone    Apr 4, 2015

    my main reason why i have not been able to repay my loan or even reschedule is because i have been sick for a long period . i have been in hospital for aperiod of 3 months now and i am very sorry this has badly affected my business. iwill resume my business soon meanwhile iam willing to repay the small amounts untill i get out of hospital kindly accept my apologies my heart is willing to clear the loan because it assisted my business alot . my motorbike is not on bussiness

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  • Danstone    Jan 27, 2015

    my business has picked up again .sorry lenders have been sick for highblood pressure and that my business to almost paralyse .my plan is to try and get my customers back sothat my business can continue .this will help me repay the loan faster and be able to get another loan to improve my business.my dream is to have a fleet of motobikes that can help in transporting people especialy in hardship areas where vehicles can not go

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  • Danstone    Dec 14, 2014

    My motor bike got a mechanical problem so business went low because I did not operate for two weeks.I promise to improve my payment for this season and even clear my loan since transport business is now high during this Christmas season.my aim is to increase my weekly instalment in the next 2 weeks so that i can clear my loan by january so that ican take asecond loan and be able to improve .thanks to lenders for being patient

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  • Danstone    Nov 10, 2014

    After taking the loan I improved my transport business as that is what I wanted to do with the loan.After operating my business for a while,unfortunately,I got an accident that sent me to hospital.I had to use all the money I had saved when operating my business on drugs and hospital bills and to run my family for I was admitted in hospital.I spent time in hospital and when I got better I was discharged but I had to continue with my treatment.I thank God because I am now well and I can now work again.I have to reschedule my loan because I am not earning as much as I was.

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  • Danstone    Aug 14, 2014

    I am sorry for not paying the loan on time. I believe I have a valid reason. I had a problem and consulted my friend who told me about zidisha. After he explained to me about your organization I realized it was a good one and so I decided to give it a try. I then applied for a loan on zidisha. After taking the loan, I used it just as I had said and planned to. My business started doing well till when problems started attacking me. Unfortunately, I became sick and could not work properly. I had to use the money I had on drugs and hospital bills. Suddenly, before I even got well, My son also got sick. So I had to take all the money I had and even borrow extra money from my friends and even bank. The sickness took long and I almost went bankrupt .After some time, He begun improving and finally got well. Still even if he was well, I had a lot of debt to pay, including the one I have with zidisha. I did my best and started clearing the debts I had. Till now I am still clearing them. So I have to re- schedule the loan payment. Please understand me. I will do my best and clear the loan.

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  • Danstone    Jun 24, 2014

    i am requesting to reschedule my loan i was unwell hospitalised and hence my business got affected i have just resumed and i paid 1000/= out of the small profit i got becausae my bike was grounded and the person i have employed did not work for that period since i used alot of money for treatment please my business is now back i have repaired the bike and i believe iwill pay the loan faster and get more money to buy more bikes

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  • Lilian    Jun 24, 2014

    dear lenders danstone managed to pay his loan 1000/= he promised to reschedule and repay promptly he was unwell but now recovering

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  • Lilian    Jun 16, 2014

    dear lenders i consulted danstone he is unwell he has not been on business for 4 weeks but very soon he will be discharged and resume duty

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  • Danstone    May 15, 2014

    i cam e back from my seminar in nairobi and now iam back i have paid my 4 instalments of 2000/= and now i would wish to repay my loan in instalments of 500/= weekly then when i pick up iwill repay more since i was away the business went down for this week it is picking again thanks lenders for being patient with me

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  • Danstone    Apr 29, 2014

    i woul like to repay in areears of 2000/= due to the challenge i have right now .my bussiness is affected because i am attending a meeting in nairobi it is atraining that will take me me 3 weeks hence i will resume and pay the arrears that i have mean while lenders iam sorry . iam intending to come and finish the loan earlier so that i take another loan that will help me boost me buy another motorbike currently i have only one and it is spoilt .the boy i employed is out of duty till i come

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  • Danstone    Mar 26, 2014

    I WISH TO CHANGE MY PAYMENT SCHEDULE DUE TO DELAYS IN MPESA MONEY TRANSFER. THE DELAYS HAVE MADE PAYMENT BY SOME OF MY CUSTOMERS DIFFICULT THUS A GREAT NEGATIVE IMPACT TO MY BUSINESS. MANY OF THE CUSTOMERS HAVE PROMISED TO PAY BY THE END OF THE WEEK OR EARLY NEXT WEEK. I WILL THEREFORE PAY DOUBLE NEXT WEEK. I APOLOGIZE FOR THE INCONVENIENCE CAUSED.

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  • Danstone    Mar 11, 2014

    i have got an abrupt sickness of pressure which has affected my income,my business for this month so became affected my bikes had also broken down so the boys so were working for me got another job this partly affected my business i just repaired the bikes afew days ago since the loan delayed to be disbursed but by next month it will pick

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