Chengo Kabani

Mtwapa, Kenya

100% repaid

Entrepreneur

Name

Chengo Kabani

Member since

November 2012

On-time repayments

35 installments  •  31%

About Me

my name is chengo kabani i am the last born in our family of seven children two girls and four brothers i was born in the year nineteen ninty the month November on twenty first date i grow up in a loving family and i was able to be send to school for some time right now all my siblings live other places not near home so am the one who takes all the responsibilities including my sisters children,i live in a humble place in mtwapa called mtomondoni which is now developing most of people living in mtomondoni are traditionalist and its now changing to the worlds economy .i went to school at my early stages of life but i was forced to drop out of school because my parents were unable to support and pay my school fees by the time i got in class six i dropped out i tried to look for ways and asked for help from my relatives so that i would continue with my studies but it didnt work and i had no other option in started to look for ways to support myself i went to a driving school where i learnt how to drive and started my business,i decided a business to satisfy my daily needs and to be able to support my parents due to their old age and they were unable to work anymore and i took the responsibility i also wanted to make sure that i earn so that one day i can go back to school although i will be older,i got married and blessed with one son called Hommy he is now two years he is good boy,
my business earns me enough money to run my daily life with what i earn i am able to feed my family daily and obtain their daily needs i am able to send my late sisters children to school as we all know education is very important,i have been able to open a small business for my wife and teach her about business,i am able to maintain my motor bike daily by refilling and maintenance,still i am able to save some money for my future, i am a hard working man

My Business

I am a motorcycle taxi driver - in my country the motorcycle is called boda boda. there are also car taxis, called matutus.
We transport not only persons, but also small goods. The request for boda boda are much higher than for matutus, as a boda boda is faster, cheaper, and can go where roads are badly build.
I started out as a bicycle taxi driver, but as it is very tiring and it needed a lot of energy. So first I lent a boda boda, whenever I had a transport of a person or a good to deliver. With my first Zidisha loan I finally bought my own boda boda, and now, since I am a hard working man, I earn enough to mantain my family and help paying the school fees for my late sisters children.
my monthly typical cost is Kshs 5000/= this is daily refueling and maintenance of the bike while my monthly sales revenue amounts to Kshs 30,000/= when the business is doing well and when things aren't well and the business is low my sales revenue amounts to Kshs 21,000/=
this makes me get a profit of kshs 25,000/= when the business is doing well and when it isn't doing well i get a profit of Kshs 19,000/=
boda boda business is a very good business in kenya to any new person who wants to get into business it can make one earn money and be able to expand other business and improve ones life,

Loan Proposal

First and foremost may i thank you for approving my profile may God bless you. As i earlier stated i do bodaboda business, to do this i use a motorcycle. Since i started this business i have loosing more money on hiring a motorcycle. And this is why i wanted help from zidisha. I want to buy a second hand motorcycle then service it so that i can use for my bodaboda business, by doing that i will save money, and will be easier for me to pay the loan.

Show original English  

About Me

my name is chengo kabani i am the last born in our family of seven children two girls and four brothers i was born in the year nineteen ninty the month November on twenty first date i grow up in a loving family and i was able to be send to school for some time right now all my siblings live other places not near home so am the one who takes all the responsibilities including my sisters chilren,i live in a humble place in mtwapa called mtomondoni which is now developing most of people living in mtomondoni are traditionalist and its now changing to the worlds economy .i went to school at my early stages of life but i was forced to drop out of school because my parents were unable to support and pay my school fees by the time i got in class six i dropped out i tried to look for ways and asked for help from my relatives so that i would continue with my studies but it didnt work and i had no other option in started to look for ways to support myself i went to a driving school where i learnt how to drive and started my business,i decided a business to satisfy my daily needs and to be able to support my parents due to their old age and they were unable to work anymore and i took the responsibility i also wanted to make sure that i earn so that one day i can go back to school although i will be older,i got married and blessed with one son called Hommy he is now two years he is good boy,
my business earns me enough money to run my daily life with what i earn i am able to feed my family daily and obtain their daily needs i am able to send my late sisters children to school as we all know education is very important,i have been able to open a small business for my wife and teach her about business,i am able to maintain my motor bike daily by refilling and maintenance,still i am able to save some money for my future, i am a hard working man

My Business

my business earns me enough money to run my daily life with what i earn i am able to feed my family daily and obtain their daily needs i am able to send my late sisters children to school as we all know education is very important,i have been able to open a small business for my wife and teach her about business,i am able to maintain my motor bike daily by refilling and maintenance,still i am able to save some money for my future, i am a hard working man
my business includes driving of a boda boda thats how its commonly known in Kenya boda boda is the driving of a motor bike my business started some years ago when i thought it was going to make me earn some money,i first started boda boda business but with a different means that is driving of a bicycle i provide means of transport to the locals but as time went by the introduction of the motor bikes came and i decided to change to motor because riding a bicycle wasnt easy and it was tiring and it needed alot of energy to deliver services thats why ii changed to this modern means of transport due to its opposite deliverance to the bicycle means. my business is a form of transport which is commonly used in our country which was introduced in here from our neighbouring county .in my business i offer services that is buy transporting items or people transporting of less bulky items that can be carried without any problem its a very simple way of transport.transport is a daily issue to everyone and without transport less things can be obtained and by providing this services i am entitled to get a jackpot the services i provide are high on demand because of 1. its a cheap way of transport 2. its readily available at anytime of the day 3.its a faster means of transport than the usual matatu means 4. with boda boda you can go or transport things at interior places where roads are badly build because boda boda use a very slim space to pass not like matatus,
most of people in my araea prefer this means of transport mostly mine because they know with me they will arrive safetly.i am a carefull driver and drives with decency,there are other means which are much cheaper the boda boda but people prefer this because of one major difference and that is speed,
the business is profitable because its like the most valuable business around considering that most people prefer it like transporting people from home to theor work places or carring people who cant walk to such long distances its profitable because i am able to cater all my family needs daily.
in every business their are risks and in my business risks are also thier the most risks are insecurity, robbery, accidents sometimes you can transport a customer not knowing that you are carrying a thief and on reaching a unfamiliar place you get robbed and even injured and sometimes to the extend of loosing the motor bike.another is fuel price rises and makes it hard to get this important commodity and we know with out fuel i have no job
my monthly typical cost is Kshs 5000/= this is daily refueling and maintenance of the bike while my monthly sales revenue amounts to Kshs 30,000/= when the business is doing well and when things aren't well and the business is low my sales revenue amounts to Kshs 21,000/=
this makes me get a profit of kshs 25,000/= when the business is doing well and when it isn't doing well i get a profit of Kshs 19,000/=
boda boda business is a very good business in kenya to any new person who wants to get into business it can make one earn money and be able to expand other business and improve ones life,

Loan Proposal

First and foremost may i thank you for approving my profile may God bless you. As i earlier stated i do bodaboda business, to do this i use a motorcycle. Since i started this business i have loosing more money on hiring a motorcycle. And this is why i wanted help from zidisha. I want to buy a second hand motorcycle then service it so that i can use for my bodaboda business, by doing that i will save money, and will be easier for me to pay the loan.

Feedback

6

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Loan Info

Project Type

Classic Loan

Disbursed amount

$497.32

Date disbursed

Jan 9, 2013

Repayment status

On Time

Projected term

8 months

Cost to entrepreneur

Lender interest: $497.32 at 9.73% annual rate over 8 months = $32.93

Service fee: $11.95

Lenders

A

Anninymouse

Southampton, United Kingdom

d

., United States

Dipsius

London, United Kingdom

G

grizu

dortmund, Germany

Silver

Steiermark, Austria

C

chrisherron

Chicago, United States

M

missjoyy

Munich, Germany

C

Czosnek

Toronto, Canada

Creole1

Mobile, Alabama, United States

pentatonicscale

Niiza-shi, Japan

B

Bully

Konstanz, Germany

A

Atlantia

Brisbane, Australia

Ask Chengo 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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  • Cricketca    Jun 27, 2014

    Hi Chengo,

    How are you? Have the police made any progress towards finding your motorcycle?

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  • Kjartan    Jun 10, 2014

    Thanks for the update Chengo. Hope you get your motor cycle back!

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  • Chengo Kabani    May 2, 2014

    Hello my dear lenders, am so sorry for the inconvenience i may have caused so far. As i have earlier stated i lost my new motor cycle after i hired to somebody and never came back and neither heard anything of his whereabouts.Due to this confusion i will not be able to send my payments, until i resume to my business. so i would request some time to sort my business out. Thank you so much for the patience you had to me and you please continue to wait as i sort out the issue. God bless you all

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  • Chengo Kabani    May 2, 2014

    Hello my dear lenders and the entire zidisha community. First i would like to take this chance to thank your efforts in helping people with their businesses. With me i managed to buy a brand new motor cycle and repaired my old motor cycle using the loan i got from you. I have been doing fine all along since i got the loan. On 10th last month i hired the new motor cycle to somebody i have known for a very long time, ever since that day till now he has never returned nor hear his whereabouts. The matter is with the police for investigation. I have been trying my best to send in my payments but things are not in my side for now. Please be patient in this difficult time. God bless you all.

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  • Chengo Kabani    Dec 15, 2013

    Hello my dear lenders, am so happy that i received and started my business well, due to the fact that the business is now catching up i would like to reduce the amount of my repayment so that i can be able to efficiently cope with my current situation. with this amount i will be able to pay without hest up to when my condition improve. Thank you so much for your continued support, may God bless you.

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    • mewesten    Dec 15, 2013

      Hi Mr Kabani,
      I appreciate hearing updates from you. It helps your many lenders to know that you intend to repay your loan. It will be good to receive your payment this month.
      Good luck with your business.
      marvin

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  • Chengo Kabani    Dec 15, 2013

    Hello my dear lenders and the entire zidisha team, thank you for the update on my repayment. as i earlier informed you i will be in a position to send my next repayment by the end of this month. Thank you so much for the act of faith you are doing to us by helping us with the financial assistance. Thank you so much and may God bless you all.

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  • Kjartan    Dec 4, 2013

    Hi,

    Thanks for the update! It builds confidence that you take the time to inform us. Best wishes from Norway!

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  • Chengo Kabani    Dec 4, 2013

    Hello, am so sorry to tell you that i will not be able to send my payments today i will delay for two weeks due to unplanned circumstances but will be able to catch up. As the new system does not have have the change payment date style and would not require to change payment amount that's why i think its wise to let you know and please bear with me as i want to make sure that my record is clean. Thank you so much for your continued support, may God bless you.

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    • mewesten    Dec 8, 2013

      Hi Mr Kabani,
      Thank you very much for letting us lenders know about the delay due to unplanned circumstances. You are wise for wanting to keep your record clean at Zidisha. Lenders appreciate knowing what is happening, and It helps a lot if you choose apply for another loan in the future.
      Stay safe out there on the road!
      Marvin

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  • mewesten    Oct 31, 2013

    To Chengo Kabani,
    Your first payment came today. Thanks for that.
    I hope your business is going well.
    Good luck.
    Marvin

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  • mewesten    Sep 11, 2013

    Hello Mr Kabani,
    I'm happy to hear that your received your loan.
    Let us know when you buy your new motorcycle -- and pictures would be nice!
    Then you will have two motorcycles for earning power. Good.

    I ride motorcycles also, but only for my own transportation and riding for pleasure. A good friend of mine introduced me to riding 15 years ago. He was right when he told me, "It's the closest thing to flying!"

    Be safe and happy.
    Marvin (Zidisha member)

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  • Chengo Kabani    Sep 9, 2013

    Hello my dear lenders and the entire zidisha community, am so happy that i have received my loan now and am in the process of working my plans out. To be sincere am so grateful that you have be so helpful to me and my business. With this money i will buy a brand new motorcycle at a price of ksh.115,000 and use the rest in to repair my existing motorcycle. This will boost my business so much as this will increase my income.

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  • Chengo Kabani    Sep 2, 2013

    Hello, zidisha am so happy that my loan is progressing on well. Am so happy that my business has now got good financial support. God bless you all for the good work you are doing.

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  • jjonas    Aug 16, 2013

    Good luck!=) keep driving safely

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    • Chengo Kabani    Sep 2, 2013

      Hello jjonas, am so happy for what you are doing. You really raise our life styles from nothing to something, God bless you so much.

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  • Chengo Kabani    Jul 19, 2013

    Hello zidisha, am so happy that my business is doing so well. I really thank you for this empowering aid you have given me so far. My business has done so well that i intend to exceed my services further by adding another motorcycle. So with this second loan i would like to buy a new motorcycle. This will more value to my business by adding more income. So with the new earnings i will stand a new chance so paying this new loan will be more easily.Once again i thank zidisha for this opportunity.So regarding this i want to repay my loan balance at once since i have received my services dues of two months. Keep up the spirit!

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  • Chengo Kabani    Jan 11, 2013

    i thank zidisha and all the lenders that enabled me to get my loan am thankful that now am able to buy my own motorbike and run my own business thank you very much zidisha you are truly here to help

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  • Chengo Kabani    Jan 7, 2013

    My dearest lenders, am so grateful with the way you are responding to my loan. May Gog bless you and grant you the courage and ability to complete the remaining amount.

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