Motorcycle Repair: funds for materials such as tubes, bearing, tires and oil.

Peter Ngure

Juja, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Peter Ngure

Member since

September 2014

On-time repayments

79 installments • 46%

About Me

I am the first born in a family of 6 siblings. 2 girls and 4 boys, after I completed my secondary studies I didn't proceed due to lack of funds, so I joined a carpentry course and became a Carpenter. I started saving from small earning I was getting out of Carpentry work which was also very scarce, and in the year 2010, I shifted from that work and was employed as a motor bike rider popularly known as "BODABODA" to be carrying passenger from their respective homes to the main stage so that they can board vehicles to their various areas of their work. After working resiliently for 2 years I bought my first motor bike in the year 2012 and continued with the same job as mine. I have been able to meet my basic needs out of this business.

My Business

The business am still engaging in is operating a "BODABODA" or motor cycle transport services. At pick hours mostly morning and evening when people are going to and out of work, am able earn approximately 1000 Kshs and during the day when there is no many people moving am able to earn 500 Kshs on average; so at the end of the day on average I earn 1500 Kshs, that is approximately 15 dollars, when I less expenses for fuel and upkeep of around 600 am left with 900 Kshs, approximately 10 dollars. My plan is to secure a loan from Zidisha and maintain BODABODA garage to be doing servicing and also selling spare parts such as tires, lubricant oils and tube during the off-peak hours of the day to supplement the little earning I get from the "BodaBoda" business. With the earning I get form the current business, I can conveniently be able to pay back my loan as I invest the money on loan to expand, My dream has been to expand so as I can be able to assist my parents to educate our other siblings who are now in primary advance classes and in early classes in secondary school.I would like to became a champion entrepreneur in order to challenge youths to invest in to self employment instead of blaming the government for unemployment.
currently I doing well in my Motor bike garage business hoping to upload picture for my lenders to see my progress soon.
Thank you all, Thank you Zidisha

Loan Proposal

My intended loan will be utilized to purchase new spare parts which have been in high demand, as the road we use are rough so the bikes are exposed much to high minor breakdown.
I am planning to buy things such as Tubes, bearing, tires, as well as oil; which is costing me approximately 15,000 KES, so if am able to successfully get the loan I can be on the better side of repaying it in full and in time as I have done with the previous one. This was made possible by the regular little income am getting from my Bodaboda business. I look forward to collaborate even further with my honorable lenders in assisting me to realize my full potential under this business.

Thank you all, Thank you Zidisha.