Funding to purchase another "Suzuki Every" microbus taxi

Eric Gichane

Nairobi, Kenya

22% paid forward

Entrepreneur

Name

Eric Gichane

Member since

May 2014

On-time repayments

342 installments  •  68%

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

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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: $136.55

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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