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

5

None

None



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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: $129.89

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

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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  • Eric Gichane    May 31, 2022

    loss of income avenues, but doing the best I can to clear this.

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  • Eric Gichane    Feb 24, 2022

    I am currently unable to pay the instalment that I selected first and every time I adjust payment it picks the whole balance.

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  • Eric Gichane    Jan 19, 2022

    I lost my job in end March 2021 and its been a very challenging time especially now with vehicle breakdowns. I have also been trying to adjust my repayment schedule unsuccessfully.

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  • Eric Gichane    Dec 12, 2021

    Been trying to adjust but its not been updating

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  • Peter Ojok    Dec 8, 2021

    Not able to pick my calls. Hanged up

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  • Eric Gichane    Nov 21, 2021

    Seem theres a problem adjusting repayment. Everytime I do it its not reflecting.

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  • Eric Gichane    Nov 14, 2021

    The van is grounded as it requires new engine which is not locally available. I've got some leads now

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  • Eric Gichane    Nov 14, 2021

    The van is geounded as am looking for its engine which is not locally available but got some leads now

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  • Eric Gichane    Nov 4, 2021

    One of my vehicles got engine problem and has been grounded for the last three months. Been looking for it locally without much success.

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  • Eric Gichane    Nov 4, 2021

    One of the vehicles has engine problem and has been grounded for the third month now, I am doing a search for itas it is a new model not so locally available.

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  • Daniel Malului    Oct 28, 2021

    hello Lenders,
    Have spoken tp Mr Gichane and he has promised to make the payment tommorow

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  • Eric Gichane    Oct 17, 2021

    Payment delays have occassioned this

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  • Eric Gichane    Sep 22, 2021

    This loan picked a one time repayment so I have to keep adjusting

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  • Eric Gichane    Sep 15, 2021

    All pending amount picked by system as one instalment

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  • Daniel Malului    Sep 15, 2021

    Dear Lenders
    i have spoke to Eric and he has promised to adjust and make the payment

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  • Eric Gichane    Jul 11, 2021

    I had selected KES 5128, not sure how it selected one instalment for the whole amount. That would definitely be expensive and not economically viable. I will check with Zidisha team so that this can be sorted out .

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  • Eric Gichane    Jul 9, 2021

    I will buy a microbus for the public transport business as per the loan proposal.
    This will help me grow my income streams and create more jobs.

    I really thank Zidisha and all my generous lenders for giving me this important support. I will keep you posted on progress.

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  • Ibraheem Oloyede    Jul 8, 2021

    Hi Mr Eric, my request is still pending your acceptance, I am not opportuned to refer currently based on the threshold set by the zidisha team, my brother would be greatful if you could refer him, this is his Gmail address [email protected]

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  • Ibraheem Oloyede    Jul 7, 2021

    Can you please refer/invite me and let Mr be one of your referral? my gmail is [email protected], thanks

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  • Christian Golo    Jul 2, 2021

    Continue to be faithful, honest with high level of integrity. I wish you good luck.

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