Entrepreneur
Name
Charles
Member since
February 2015
On-time repayments
293 installments • 74%
About Me
My names are charles Nderitu Thuku last born in a family of six. I was born in the year 1987 august 14 in central part of Kenya. I went to lemok primary and then moved to kakamega primary that is in western were my elder brother was employed as a driver. I moved to kakamega because my mother was not in a position to pay for my school fees and at that time my parents had separated. My mother later on passed. After primary I joined Ingotse high school were I completed my O'level. I later joined Nibs college which I dint complete for lack of fees. I started working as a turn boy loading building materials on the lories. In 2009 I decided to go back to western n start a small business. I bought compact disks(movies) at a wholesale price of sh 20/= each which I sold at a retail of sh 50/= each. I did that for almost one year but due to the county council demanding for permits I had to drop the business. A friend of mine offered me a job to be his conductor . I would look for clients to board taxi and at the end of the day earn something for my stomach and some small savings. After two years I was able to get my first loan from one financial institutions and was able to partner with one of my friends to buy one second hand car which we used as a taxi. I could work during the day as he worked at night. By then I had gone for driving school and qualified. After sometime we sold the car and shared the money equally. I was able to buy my own though not on cash but I always worked hard to pay the difference. I am now married with one kid my wife used to sale clothes but due to expansion of the roads the stalls were demolished. Still looking for somewhere to put up the business.
My Business
I do car hire and taxi services here in Kakamega town. Initially I operated a small boutique which my wife was running but due to expansion of the roads the stalls were demolished but I was lucky to get another space were I have set up a motorcycle spare parts shop. With the little savings I have set from my other business which Zidisha has been my pivot the business is doing great.
I chose this business because most people in this town use motorbikes as a means of transport because its cheap and convenient and thats were my spare business comes in. In this town we have over ten thousand motorbikes and i can tell we have not more than ten shops though we have three big ones which the owners import the spares directly from china were we small retailers we go and buy from them. (Looking forward to that too)
From the profit I make am able to restock my shop as well as pay school fees for my loving daughter.
From my shop am able to make upto 70% profit everymonth.
At the same time I also get around ksh 70000 from my taxi business from which am able to pay for the monthly instalments for my car and the other twenty thousand I add stock to my shop and do small savings.
Thank you all.
Loan Proposal
Hi my zidisha family. I have an emergency that has come up. My car which I uses for taxi and car hire services just broke down and I have to replace the engine because repairing it will cost almost the same as new yet you not so sure. The cost of the engine is 400 dollars. If I manage to get this cash I will be able to go back to my business as usual. Thank you and God bless you.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$399.00
Date disbursed
Oct 9, 2015
Repayment status
On Time
Projected term
5 months
Other loans
Lenders
Atlanta, United States
Toronto, Canada
Amsterdam, Netherlands
Plainsboro, United States
Kaohsiung, Taiwan
Leiderdorp, Netherlands
Washington, DC, United States
Moravia, United States
United States
South Africa
Australia
United States
United States
United Kingdom
United States
United States
Germany
New York, United States
Sacramento, United States
Norway
Taiwan
United Kingdom
Denmark
United States
Canada
United States
United States
United States
Sweden
Australia
Switzerland
United States
United States
United States
United States
United States
Australia
United States
Sweden
United States
Norway
Germany
Norway
France
Summary
Amount repaid
$416.94
Amount remaining
$0.00
Date repaid
Mar 28, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Oct 18, 2015 | $30.00 | Oct 18, 2015 | $30.00 |
| Oct 25, 2015 | $30.00 | Oct 25, 2015 | $30.00 |
| Nov 1, 2015 | $30.00 | Nov 1, 2015 | $30.00 |
| Nov 8, 2015 | $30.00 | Nov 8, 2015 | $30.00 |
| Nov 15, 2015 | $0.00 | ||
| Nov 22, 2015 | $10.00 | Nov 27, 2015 | $10.00 |
| Nov 29, 2015 | $10.00 | Nov 30, 2015 | $10.00 |
| Dec 6, 2015 | $10.00 | Nov 30, 2015 | $5.00 |
| Dec 7, 2015 | $5.00 | ||
| Dec 13, 2015 | $10.00 | Dec 11, 2015 | $10.00 |
| Dec 20, 2015 | $10.00 | Dec 16, 2015 | $10.00 |
| Dec 27, 2015 | $10.00 | Dec 28, 2015 | $10.00 |
| Jan 3, 2016 | $10.00 | Jan 5, 2016 | $10.00 |
| Jan 10, 2016 | $10.00 | Jan 11, 2016 | $10.00 |
| Jan 17, 2016 | $10.00 | Jan 18, 2016 | $10.00 |
| Jan 24, 2016 | $10.00 | Jan 24, 2016 | $10.00 |
| Jan 31, 2016 | $10.00 | Feb 1, 2016 | $10.00 |
| Feb 7, 2016 | $10.00 | Feb 8, 2016 | $10.00 |
| Feb 14, 2016 | $10.00 | Feb 16, 2016 | $10.00 |
| Feb 21, 2016 | $10.00 | Feb 23, 2016 | $5.00 |
| Feb 23, 2016 | $5.00 | ||
| Feb 28, 2016 | $10.00 | Feb 23, 2016 | $5.00 |
| Mar 2, 2016 | $5.00 | ||
| Mar 6, 2016 | $10.00 | Mar 2, 2016 | $5.00 |
| Mar 9, 2016 | $5.00 | ||
| Mar 13, 2016 | $5.00 | Mar 9, 2016 | $5.00 |
| Mar 20, 2016 | $50.00 | Mar 22, 2016 | $50.00 |
| Mar 27, 2016 | $81.94 | Mar 28, 2016 | $81.94 |
Ask Charles a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.