Funding to purchase another "Suzuki Every" microbus taxi

Eric Gichane

Nairobi, Kenya

15% repaid

Entrepreneur

Name

Eric Gichane

Location

Nairobi, Kenya

On-time repayments

313 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.

Project Proposal

I intend to buy another Suzuki Every for public transport at the cost of USD 4,500. Partly funded by Zidisha, as I raise the difference. I will make USD 12 per day for six days every week and will therefore be able to pay the costs on time as I have other sources.
There are other costs involved such as compliance to the current covid 19 guidelines for psv in Kenya and I have plans on how to take care of that.

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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Project Info

Project Type

Pay It Forward

Disbursed amount

$2,771.68

Date disbursed

Jul 9, 2021

Cost to entrepreneur

Service fee: 5% of $2,771.68 = $138.58

Backers

P

ploeger

Perkasie, United States

R

Rearden

STAVANGER, Norway

Ren

Minneapolis/StPaul, United States

Christian Golo

Accra, Ghana

JH

Joseph Hwang

Houston, United States

A

Anonymous

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Nicholas Mungai

Nairobi, Kenya

DD

Dixie Davis

Kyle, United States

Rufina Aduah

Navrongo, Ghana

Halima Mganga

Mombasa, Kenya

Frank Adjakumah

Jasikan, Ghana

Opoku Dora

Accra, Ghana

Alphonse Kungu

Accra ,tema, Ghana

Leya Ngwenya

Lusaka, Zambia

Carren Chepkorir

Eldoret, Kenya

Alex Kumah

Cape Coast, Ghana

Victor Kudefia

Asuom, Ghana

Labueri Jagri

Dambai, Ghana

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