Funding to buy a second "Suzuki Every" microbus

Eric Gichane

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Eric Gichane

Location

Nairobi, Kenya

On-time repayments

317 weekly installments  •  74%

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

5

None

None

  • Mannysgirl    Oct 5, 2015

    THANKS!

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  • KiraDee    Sep 11, 2014

    Eric did a great job growing his business and making timely payments. I would definitely lend to him again.

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    • Eric Gichane    Oct 2, 2017

      My appreciation for every support so far, Zidisha has seen my business grow from a start up to sustainability and profitability. Thank you #KiraDee

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  • Prometheus    Sep 7, 2014

    His payments were fast and reliable. I wish him good luck for his future.

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    • Eric Gichane    Oct 2, 2017

      Your wish has gone a long way to date. I'm still growing with Zidisha and really appreciate your support @Prometheus

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  • Landei    Sep 7, 2014

    Congratulations, great work!

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    • Eric Gichane    Oct 2, 2017

      @Landei hope you're doing well today, thanks for the support you've always offered me through Zidisha platform.
      My business has expanded and is growing swiftly.

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  • BoazField    Sep 7, 2014

    Eric was wonderfully professional, repaid on time, and I would gladly lend to him again!

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    • Eric Gichane    Oct 2, 2017

      @BoazField Some words keep us encouraged and challenged to live them, I appreciate your great support.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,659.29

Date disbursed

Jan 17, 2021

Repayment status

On Time

Projected term

9 months

Cost to entrepreneur

Service fee: 5% of $1,659.29 = $82.96

Credit risk payment: $331.86

Lenders

A

Anninymouse

Southampton, United Kingdom

B

Bena

Winnipeg, Canada

Kitty

Hailsham, United Kingdom

tycho

Madison, WI, United States

AltruisticSelfishnes

Chicago, United States

Hope2012

United Kingdom

S

soren

Göteborg, Sweden

ErikN

Stockholm, Sweden

KyRoamer

Louisville, Kentucky, United States

L

ldron7

Utah, United States

Martin

Manama, Bahrain

T

Tallago3

Munich, Germany

P

pmyadlowsky

Charlottesville, United States

H

hilde

seattle, United States

airvillepa

Airville, Pennsylvania, United States

HE

help each other

Glasgow, United Kingdom

C

chrisherron

Chicago, United States

C

cyrilleberger

Gammalkil, Sweden

Sundstroms

Falun, Sweden

D

Divergent

Bethesda, United States

Los Wade

United States

G

glomardor

Leonardtown, United States

Cloudways

Malta, Malta

J

jzidi

Los Angeles, United States

M

mkfiddler

Santa Barbara, United States

ads68

Melbourne, Australia

U

UmSaeed

Southfield, United States

Bhayl

Stavanger, Norway

C

CheapThrills

Liminka, Finland

Ingela

Falun, Sweden

A

Aziza

Washington, United States

M

mkellerman

Shanghai, China

IM

Isak Maaseide

Tromso, Norway, Norway

nakamura

United States

camilberlin

Berlin, Germany

Bobrm2k3

Charleston, United States

MichaelOsburg

Hochheim, Germany

JTShorty

Gorham, Maine, United States

Stefano Bertolo

Luxembourg, Luxembourg

W

wally

Torino, Italy

N

nk786

Dubai, United Arab Emirates

A

AndrewC

London, United Kingdom

S

smetis

Kananaskis, Canada

JonB

London, United Kingdom

D

doublehelix

Philadelphia, United States

ibc123

Seattle, United States

C

Catch22

The Colony, United States

R

richdullaghan

Encinitas, United States

M

mibrahim51

Mountain View, United States

D

dj9812

United States

sderickson

Berkeley, CA, United States

N

nycjen

United States

R

roozbeh

United States

D

DandS

United States

B

bugdaniel

Switzerland

M

Mj11991

Cleveland, United States

B

bscent

Hong Kong

A

AnnaLou

Switzerland

Grant Xavier Storer

Seattle, Wa, United States

P

Pragathi

United States

HL

Holly Laird

Austin, United States

S

Stephan

Netherlands

DF

Dennis Furr

United Kingdom

J

Joe

New York, United States

S

Sven

Netherlands

SE

Sven E

Mannheim, Germany

E

Erich

Zurich, Switzerland

CC

Catherine CatDesignz

Halifax, United Kingdom

Dave Bogard

New York, United States

MW

Matt Willis

United States

W

Wade

United States

Dayton

Vancouver, Canada

Craig

Memphis, TN, United States

Kristin Rhodes

Kansas City, Kansas, United States

moursund

Beaver Nation, United States

Kevin

San Francisco, United States

I

Ian

United Kingdom

C

cota

United States

ME

Manaal Eisa

Washington DC, United States

TH

tom hd

United Kingdom

J

John

United Kingdom

M

Mart

United Kingdom

Rose Rodent

Scotland, United Kingdom

Isabella

UK, United Kingdom

RV

Rob Van Dam

United States

Aran Dunlop

United States

Alicia

United States

J

Joel

United States

Eugen Stamm

Zurich, Switzerland

Taylor

Memphis, United States

Cliff

United States

Carlo Cruz

Cincinnati, OH, United States

DM

Dritan Muneka

United States

Gabriel Fenili

Santo André, Brazil

T

Tom

United States

KE

Karen Epolito

Syracuse, NY, United States

PR

Priscilla Rathbone

Seattle, Washington, United States

P

Phips

Switzerland

I

isaac

United Kingdom

JC

juli camrud

United States

A

Ashley

United Kingdom

roark22

Geneva, Switzerland

Carla

United States

NG

Nick Gorrell

Surfers Paradise, Queensland, Australia

K

Kraig

United Kingdom

BR

Bob Reus

Netherlands

HPK

Switzerland, Switzerland

RG

Ravi Gadad

United States

GA

Giovanni and Yelena

New York, Ny, United States

JA

Jan Andresen

Hamburg, Germany

Sinan Taifour

Munich, Germany, Germany

SA

Shar Alamdari

Los Angeles, United States

KG

Kate Goodwin

United States

Ren

Minneapolis/StPaul, United States

L

Lucy

Australia

M

Marama

Australia

Benjamin Kniaz

Boston, United States

WS

Warren Shen

United States

JA

Joshua Axtell

United States

VC

Victor Chong

United States

Nadia Tuchman

New York City, United States

BP

Bill Piper

United States

Mary Norton

Byron Bay, Australia

D

Dalton

San Francisco, United States

HCPSPIRIT

Helsinki, Finland

NH

Nancy Hull

United States

Dean Suminski

Portland, Oregon, United States

R

RMIM

United States

CP

Colin Pardue

United States

JH

Joseph Hwang

Houston, United States

M

Mary

United States

Jane

Ontario, Canada

AM

Anupama Mann

United States

S

Sarah

Arlington, United States

BN

Brian Neilon

United States

A

Anonymous

United States

BA

Burf and Patsy

St. John's, Canada

A

Anne

United Kingdom

Darren Jeppson

Denver, Colorado, United States

Aluric

Peterborough, United Kingdom

AM

Andy Marston

United Kingdom

Claire Lewis

Wales Uk, United Kingdom

AA

Andrew and Kim

Nashville, TN, United States

Helen and Denis

Global citizens, United States

RM

Richard Marston

United Kingdom

Elizabeth

Australia

W

wgibson86

United States

Sharon Giardina

Sydney, Australia, Australia

M

Miles

United States

MH

Matt Hodges

United Kingdom

CH

Christian Holck

United Kingdom

JK

Janardan Kelkar

Atlanta, United States

Nick Studenski

Minneapolis, United States

Remo

Switzerland

Ryan Agnew

Australia

WV

Wouter van Buizen

Amsterdam, Netherlands

DO

Denis Ontiveros

Guildford, United Kingdom

B

Ben

United States

AO

Ahmed Omar

Netherlands

We Not Me

St. Paul, Minnesota, United States

C

Carol

Bayswater, WA, Australia

R

RM

Australia

D

Dave

Canada

GA

Gal Ashuach

רעננה, Israel

Isabelle Diwoky

Graz, Austria

G

gretel

United States

A

Anonymous

United States

Sla Tyr

Switzerland

ND

Nick DiCesare

Denver, CO, United States

Peter Collins

Darmstadt, Germany

I

Isaac

United States

B

Ben

Germany

G

Gabriel

Singapore

Andrew

United States

JR

Jose Ramirez

World, Spain

AM

Alex Melo

United States

RS

Ralph Smyth

United Kingdom

Christine

Munich, Germany

GF

Gammon Family

United States

Eike Christian Lorenzen

Flensburg, Germany

SR

Sean Rodgers

Wellington, New Zealand

M

MaggieK

United States

RD

Regan Dishon

United States

Noel Hamill

Halifax, Canada

CT

Chev T

Australia

JD

Joshua Dwire

United States

MD

Mark Dunphy

United States

Kevin Kong

San Francisco, CA, United States

S

Sandy

United States

KL

Kerry Lane

United States

JB

Juan Busco

United States

Sayuri

United Kingdom

J

John

Germany

David Hopkins

United States

CL

Caleb Liu

United States

M

Melissa

United States

R

Ru

New York, United States

V

Vic

Finland

J

Jeremy

United States

S

Stephen

United States

Utahna

United States

Babbitt Family Foundation

Sioux Falls, SD, United States

MM

McLane Muller

United States

Денис

Кишинев, Moldova

AZ

Andre Zita

United States

CG

Chris Greene

Birmingham, AL, United States

Vincent Strangio

Pittsburgh, PA, United States

Quentin

United States

JN

Jonathan Ng

United States

C

Christopher

United Kingdom

Olly Ishmael

Aberystwyth, United Kingdom

Michael Chew

Melbourne, Australia

F

Fonz

United States

Brian Herrmann

Chicago, United States

Tiff Reagan

Salem, Oregon, United States

R

Richard

United Kingdom

T

Timo

Germany

W

Wim

Deventer, Netherlands

Greg

Yokohama, Japan

G

Gabe

United States

Jesse

United States

B

Berend

Netherlands

M

Micheverett72

Knoxville, United States

KS

Keegan Smith

United States

Ask Eric 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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