Buying brake cbles and oil

Peter Gicheru

Miti Mingi, Kenya

100% repaid

Entrepreneur

Name

Peter Gicheru

Member since

January 2015

On-time repayments

120 installments  •  39%

About Me

My name is Peter Njoroge Gicheru. I grew up in the Miti Mingi Neighbourhood where I started my education and studied from class 1 up to form 4 (Which means I have completed every Secondary School level for those unfamilliar with the Kenyan system). I have started working in Shambas Local, but the wage was not enough to support my family. So later I gathered enough money to buy a motorbike which I use in my Bodaboda (Motorcycle taxi) business. Now I have saved enough to start a local business that sells spare motorbike parts. I use the profit from both businesses to to try and educate my children so that I can offer them more educational opportunities than my father offered me. If I can get more capital, I am very hopeful that I will be able to improve my business so I can educate my children. Thanks people a lot.

My Business

I learnt from my fellow bodaboda dealers that there are many problems that we encounter along the way while serving our customers. I thought of starting a motorbike spare parts shop where I sell things like spark plugs, brake cables, dimmer switches, tyres, tubes, oil, grease, battery waters, and so on. I would be delighted if I could get extra cash to buy more inventory. My business thrives under the notion that, so long as motorbikes are on the road, they will continue buying spare parts from me.

Loan Proposal

I am sure if I get 100 dollars I will be able to buy 40 brake cables at 4000 and one carton of oil at 3200. I will be very glad if you good people fund my loan application. I request zidisha lenders to fund my loan applicatiojn because demand is very high.

Show original English  

About Me

My names are Peter Njoroge Gicheru. I grew up in Miti Mingi Neighbourhood where I started nye education and studied class 1 up to form 4. So I have completed even Secondary School level. I have started working in Shambas local, but the amount of wages given is not enough to run a family. So later I gathered enough money to buy a motorbike which I use in my Bodaboda business. I have saved enough to allow me start a local business that sells motorbike spares. The profit I get from both ways I use it to try and educate my children so that they can go further educationally than my father helped me to reach. So if I can get more capital, am very hopeful that I will be able to improve my business so I can be able to educate my children. Thanks people a lot.

My Business

I learnt from my fellow bodaboda dealers that there are so many problems that we encounter along the way while serving our dear customers. I thoeught of starting a motorbike spares shops where I sell things like spark plugs, brake cables, dimmer switches, tires, tubes, oil, grease, battery waters, and so on. I will be delighted so much if I can get extra cash to buy more such necessities. My business thrives under the notion that, so long as motorbikes are on the road, they will continue buying from me.

Loan Proposal

I am sure if I get 100 dollars I will be able to buy 40 brake cables at 4000 and one carton of oil at 3200. I will be very glad if you good people fund my loan application. I request zidisha lenders to fund my loan applicatiojn because demand is very high.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.16

Date disbursed

Jan 27, 2015

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Lender interest: $100.16 at 7.20% annual rate over 1 month = $0.93

Service fee: $0.65

Upon joining Zidisha, Peter paid a lifetime membership fee of $8.73.

Lenders

Julia Kurnia

Sterling, Virginia, United States

investor

Candiac, Canada

quozl

Dublin, Ireland

McJulio

New Jersey, United States

bycyt

Whitefish, United States

iamdaimo

London, United Kingdom

E

E

Marin county, United States

Paul Buchheit

Mountain View, United States

J

JessicaAna

Maputo, United States

ToddTho

World Wide, United States

LutianaPablo

Rome, Italy

S

Stephan

Netherlands

Ask Peter a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • andyfletcher    Feb 14, 2016

    Hello Peter,
    How are you?

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  • Peter Gicheru    Sep 25, 2015

    I would like to thank my lenders for funding my loan which has helped me to bust my business. I added tubes and tyres for moterbykes and the profit i get i pay tursion fee for my three children for the teachers are on strick. Live long zidisha team. Am Peter Gicheru from Kenya.

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  • Peter Gicheru    Sep 15, 2015

    Zidisha team,you are wonderful. I thank you for your full support for the growth of my motorcycle bussiness. Keep it up and poverty is gone. Peter Gicheru. Mitimingi,

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  • John Macharia    Sep 3, 2015

    lenders , Peter Gicheru is offline for a days .i will keep on trying to reach him and let all of you know his situation and why he is unable to repay his cash
    john

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  • Peter Gicheru    Sep 2, 2015

    Hi zidisha, am unable to raise ksh1000 for i have a burden of school fees of my son who is entering college. My motercycle business is going well although the season is not that good. Thanks zidisha for your suport.Peter Gicheru from miti mingi.

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  • Peter Gicheru    Aug 5, 2015

    Hi zidisha team? Its my pleasure to congraturate your team for funding my loan. This will help me to improve my motorcycle business by adding more stock of tyres and tubes. It will make me attract more customers and thus more profit. Thanks. Yours, Peter Gicheru,

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  • Peter Gicheru    Jul 31, 2015

    Dear zidisha,i thank u for the acceping to fund my loan. I will use the money to add motor bike tyres and tubes. This will help me to generate more profit and thus be able to pay school fees for my doughter who is in college. Live long zidisha team. Yours Peter Gicheru.

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  • Peter Gicheru    Jul 21, 2015

    thanks zidisha for boosting my business. i will never be the same again

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  • Peter Gicheru    Jul 15, 2015

    I have managed to make some profit and thus my job is stable.this makes me adjust my instalment without affecting my business. I had ealier reduced but now am stable.

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  • Peter Gicheru    Jul 15, 2015

    This is to thank zidisha team for the loan,it helped me very much for i added stock at my shop and thus gaining more profit i.e from 30%to 45%. I used the profit to pay some of my daughter's school fees. Live long zidisha team!

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  • Peter Gicheru    May 4, 2015

    financial difficulties

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  • Peter Gicheru    Mar 6, 2015

    am gland for my first loan as it has boosted my business. it has also led to increase in profit

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