Funding to buy a second "Suzuki Every" microbus
Eric Gichane
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Eric Gichane
Member since
May 2014
On-time repayments
344 installments • 67%
About Me
I am a young self motivated, passionate, focused, trustworthy and hardworking businessman, I am a Kenyan living in Nairobi, passionate about job creation to the young people. I see a great future in entrepreneurship in the very near future.
Professionally: I am a Licensed Pharmaceutical Technologist, Passionate for my profession and always striving to achieve excellent pharmaceutical practice. I am a key leader for our pharmacy professional body as the National S.G.
The Practice: I am honored to serve patients from all walks of life and facilitate their access to life saving treatment and interventions at the job-level and Interactive/social-level. I got an all-round experience from Community Pharmacy Practice, Mission Hospital based Practice, Private Hospital Based Practice and Institutional Pharmacy Practice.
I enjoy meeting people and making new friends. I am a mentor too, I love inspiring others. My dream is to grow my businesses and offer more meningful job opportunities to many.
My Business
I run a cybercafe, two microbuses and two three-wheeler tuk-tuks for public service transportation which are all doing well now. I have 9 employees now and hope to expand more with this loan.
The Cybercafe business has been there since February 2014 and really shot up income-wise since investing my last zidisha loan amount in a Konica Minolta Bizhub C360 Printer and camera and after I got a strategic location that has higher customer traffic. This gives me the enthusiasm to equip it further.
Having excelled in Tuk Tuk public transport service and the spare parts garage kicking on well, I am now venturing into microbus transport services. I intend to buy one more second hand Suzuki Every which costs USD 4,500. It's a seven-seater with a daily net return of USD 15.
Zidisha can currently give me USD 2,985. I will raise the difference. (I have it ready)
I intend to use the loan to fully finance this transport business portfolio expansion venture.
In addition to my other businesses in the public transport industry and the IT/Cyber sector, the new investment in a Suzuki Every vehicle will bring in an estimated average net income of USD 15 per day at the onset.
I have repaid Zidisha Loans before and I can confirm that I will be able to repay back the loan funding in good time.
Loan Proposal
I intend to buy one more second hand Suzuki Every which costs USD 4,500. Its a seven-seater with a daily net return of KES 1500.
From the amount I will receive from Zidisha, I will raise the difference. (I have it ready) to achieve the goal.
This loan will enable me to expand my transport business venture as well as create more employment opportunitues.
Income Source
I understand the current business crisis due to Covid 19 pandemic. I assure my lenders of my commitment and ability to repay. I have salaried employment as well as other income sources.
In addition to my other businesses in the public transport industry and the IT/Cyber sector, the new investment in a Suzuki Every vehicle will bring in estimated average net income of USD 15 per day at the onset.
I have repaid Zidisha Loans before and I can confirm that I will be able to repay back the loan funding in good time.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,659.00
Date disbursed
Jan 17, 2021
Repayment status
On Time
Projected term
9 months
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