Buying another motorbike taxi

Mageto

Chirenge Village, Kenya

79% repaid

Entrepreneur

Name

Mageto

Member since

March 2014

On-time repayments

221 installments  •  28%

About Me

am a graduate with diploma in sales and marketing.i decided to start a motorbike taxi business in order to earn a living.i come from a poor background where non of my parents do any job for a living, a struggled through out my school life using community loans to study but all the same made it to complete my studies.i have two motorbikes and wants to buy one more and expand my business or take to another level.have managed to raise ks.70000 and still lacking about ks.30000 to be able to buy it.i live 300metres from the town center where i can easily manage my business

My Business

i started business back in 2011 when i finished college and realized there's less job avenues in Kenya. i borrowed my dad a soft loan of 20 000 kenya shillings and invested in agriculture. after two farming seasons specializing in horticulture, i used my savings to buy a motor bike taxi at a cost of kshs 120 000. i used the bike to do taxi biz whist i increased my farming input to enable me get more profit. after another two season,late last year, ow as able to buy another bike. i now employ two people to do the taxi business. i m interested to buy a third bike at a cost of 100 000 and with my kshs 70 000 savings,i can be able to buy it. the. if i buy another bike,i will register a taxi company and and now qualify for more grants. my business so far earns me a net prof of kshs 1500 per day and another 10 000 per month from farming. i use a larger junk of the money to pay school fees for my advanced diploma course at kisii university.. please help me raise the remaining kshs 30 000 so that i can advance my business.
thanks a lot.

Loan Proposal

i m interested to buy a third bike at a cost of 100 000 and with my kshs 70 000 savings,i can be able to buy it. the. if i buy another bike,i will register a taxi company and and now qualify for more grants. my business so far earns me a net prof of kshs 1500 per day and another 10 000 per month from farming. i use a larger junk of the money to pay school fees for my advanced diploma course at kisii university.. please help me raise the remaining kshs 30 000 so that i can advance my business.
thanks a lot.




........................................................................................................
i will use the money $ 150 to buy a motorbike.
I will top up ton what i already have in terms of loans and bank credit
thanks a lot.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Jun 13, 2014

Repayment status

Late

Projected term

55 months

Lenders

Sarasota

Sarasota, Fl, United States

Matching Fund

Sterling, United States

Leonardia

Waddinxveen, Netherlands

D

Desteli

United States

Ask Mageto a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Summary

Amount repaid

$165.48

Amount remaining

$44.65

Expected completion

Jan 7, 2019

Status

Repaying late

Installment amount

$48.14

Repayment History

Expected Payments Actual Payments
Jun 23, 2014 $5.63 Jun 23, 2014 $5.63
Jun 30, 2014 $5.63 Jun 30, 2014 $5.63
Jul 7, 2014 $5.62 Jul 7, 2014 $5.62
Jul 14, 2014 $0.00
Jul 21, 2014 $2.33 Jul 7, 2014 $0.01
Jul 21, 2014 $2.31
Jul 28, 2014 $2.33 Jul 21, 2014 $0.01
Jul 28, 2014 $2.31
Aug 4, 2014 $2.33 Jul 28, 2014 $0.01
Aug 5, 2014 $2.31
Aug 11, 2014 $2.33 Aug 5, 2014 $0.01
Aug 12, 2014 $2.31
Aug 18, 2014 $2.33 Aug 12, 2014 $0.01
Aug 18, 2014 $2.31
Aug 25, 2014 $2.33 Aug 18, 2014 $0.01
Aug 25, 2014 $2.31
Sep 1, 2014 $2.33 Aug 25, 2014 $0.01
Sep 1, 2014 $2.31
Sep 8, 2014 $2.33 Sep 1, 2014 $0.01
Sep 8, 2014 $2.31
Sep 15, 2014 $2.33 Sep 8, 2014 $0.01
Sep 19, 2014 $2.31
Sep 22, 2014 $2.33 Sep 19, 2014 $0.01
Sep 22, 2014 $2.31
Sep 29, 2014 $2.33 Sep 22, 2014 $0.01
Sep 29, 2014 $2.31
Oct 6, 2014 $2.33 Sep 29, 2014 $0.01
Oct 10, 2014 $2.31
Oct 13, 2014 $2.33 Oct 10, 2014 $0.01
Oct 19, 2014 $2.31
Oct 20, 2014 $2.33 Oct 19, 2014 $0.01
Nov 20, 2014 $2.31
Oct 27, 2014 $2.33 Nov 20, 2014 $0.01
Nov 24, 2014 $2.31
Nov 3, 2014 $2.33 Nov 24, 2014 $0.01
Dec 1, 2014 $2.31
Nov 10, 2014 $2.33 Dec 1, 2014 $0.01
Dec 6, 2014 $2.31
Nov 17, 2014 $0.00
Nov 24, 2014 $0.00
Dec 1, 2014 $0.00
Dec 8, 2014 $0.00
Dec 15, 2014 $0.00
Dec 22, 2014 $1.74 Dec 6, 2014 $0.01
Dec 16, 2014 $1.73
Dec 29, 2014 $1.74 Dec 16, 2014 $0.59
Dec 22, 2014 $1.15
Jan 5, 2015 $1.74 Dec 22, 2014 $0.59
Dec 29, 2014 $1.15
Jan 12, 2015 $1.74 Dec 29, 2014 $0.59
Jan 5, 2015 $1.15
Jan 19, 2015 $1.74 Jan 5, 2015 $0.59
Jan 12, 2015 $1.15
Jan 26, 2015 $1.74 Jan 12, 2015 $0.59
Jan 19, 2015 $1.15
Feb 2, 2015 $1.74 Jan 19, 2015 $0.59
Jan 26, 2015 $1.15
Feb 9, 2015 $1.74 Jan 26, 2015 $0.59
Feb 2, 2015 $1.15
Feb 16, 2015 $1.74 Feb 2, 2015 $0.59
Feb 17, 2015 $1.15
Feb 23, 2015 $1.74 Feb 17, 2015 $0.59
Feb 25, 2015 $1.15
Mar 2, 2015 $1.74 Feb 25, 2015 $0.01
Mar 4, 2015 $1.73
Mar 9, 2015 $1.74 Mar 4, 2015 $0.01
Mar 9, 2015 $1.73
Mar 16, 2015 $1.74 Mar 9, 2015 $0.01
Mar 17, 2015 $1.73
Mar 23, 2015 $1.74 Mar 17, 2015 $0.01
Mar 25, 2015 $1.73
Mar 30, 2015 $1.74 Mar 25, 2015 $0.01
Mar 31, 2015 $1.73
Apr 6, 2015 $1.74 Mar 31, 2015 $0.01
Apr 7, 2015 $1.73
Apr 13, 2015 $1.74 Apr 7, 2015 $0.01
Apr 14, 2015 $1.73
Apr 20, 2015 $1.74 Apr 14, 2015 $0.01
Apr 22, 2015 $1.73
Apr 27, 2015 $1.74 Apr 22, 2015 $0.01
May 1, 2015 $1.73
May 4, 2015 $1.74 May 1, 2015 $0.01
May 4, 2015 $1.73
May 11, 2015 $1.74 May 4, 2015 $0.01
May 20, 2015 $1.73
May 18, 2015 $1.74 May 20, 2015 $1.74
May 25, 2015 $1.74 May 20, 2015 $1.74
Jun 1, 2015 $1.74 May 20, 2015 $0.59
Jun 5, 2015 $1.15
Jun 8, 2015 $1.74 Jun 5, 2015 $0.94
Jun 25, 2015 $0.80
Jun 15, 2015 $1.74 Jun 25, 2015 $1.52
Jul 30, 2015 $0.22
Jun 22, 2015 $1.74 Jul 30, 2015 $1.74
Jun 29, 2015 $1.74 Jul 30, 2015 $1.74
Jul 6, 2015 $1.74 Jul 30, 2015 $1.74
Jul 13, 2015 $1.74 Jul 30, 2015 $1.74
Jul 20, 2015 $1.74 Jul 30, 2015 $1.74
Jul 27, 2015 $1.74 Jul 30, 2015 $1.74
Aug 3, 2015 $1.74 Jul 30, 2015 $0.94
Sep 18, 2015 $0.80
Aug 10, 2015 $1.74 Sep 18, 2015 $1.74
Aug 17, 2015 $1.74 Sep 18, 2015 $1.74
Aug 24, 2015 $1.74 Sep 18, 2015 $1.74
Aug 31, 2015 $1.74 Sep 18, 2015 $1.74
Sep 7, 2015 $1.74 Sep 18, 2015 $1.74
Sep 14, 2015 $1.74 Sep 18, 2015 $1.74
Sep 21, 2015 $1.74 Sep 18, 2015 $0.36
Oct 30, 2015 $1.38
Sep 28, 2015 $1.74 Oct 30, 2015 $1.74
Oct 5, 2015 $1.74 Oct 30, 2015 $1.74
Oct 12, 2015 $1.74 Oct 30, 2015 $1.74
Oct 19, 2015 $1.74 Oct 30, 2015 $1.74
Oct 26, 2015 $1.74 Oct 30, 2015 $1.74
Nov 2, 2015 $1.74 Oct 30, 2015 $1.52
Nov 28, 2015 $0.22
Nov 9, 2015 $1.74 Nov 28, 2015 $1.74
Nov 16, 2015 $1.74 Nov 28, 2015 $1.74
Nov 23, 2015 $1.74 Nov 28, 2015 $1.74
Nov 30, 2015 $1.74 Nov 28, 2015 $1.74
Dec 7, 2015 $1.74 Nov 28, 2015 $1.74
Dec 14, 2015 $1.74 Nov 28, 2015 $1.52
Jan 16, 2016 $0.22
Dec 21, 2015 $1.74 Jan 16, 2016 $1.74
Dec 28, 2015 $1.74 Jan 16, 2016 $1.74
Jan 4, 2016 $1.74 Jan 16, 2016 $0.94
Jan 30, 2016 $0.80
Jan 11, 2016 $1.74 Jan 30, 2016 $1.74
Jan 18, 2016 $1.74 Jan 30, 2016 $1.74
Jan 25, 2016 $1.74 Jan 30, 2016 $1.74
Feb 1, 2016 $0.93 Jan 30, 2016 $0.93
Feb 8, 2016 $0.00
Feb 15, 2016 $0.00
Feb 22, 2016 $0.00
Feb 29, 2016 $0.00
Mar 7, 2016 $0.00
Mar 14, 2016 $0.00
Mar 21, 2016 $0.00
Mar 28, 2016 $0.00
Apr 4, 2016 $0.00
Apr 11, 2016 $0.00
Apr 18, 2016 $0.00
Apr 25, 2016 $0.00
May 2, 2016 $0.00
May 9, 2016 $0.00
May 16, 2016 $0.00
May 23, 2016 $0.00
May 30, 2016 $0.00
Jun 6, 2016 $0.00
Jun 13, 2016 $0.00
Jun 20, 2016 $1.16 Jan 30, 2016 $0.01
Jun 16, 2016 $1.15
Jun 27, 2016 $1.16 Jun 16, 2016 $1.16
Jul 4, 2016 $1.16 Jun 16, 2016 $1.16
Jul 11, 2016 $0.00
Jul 18, 2016 $0.00
Jul 25, 2016 $0.00
Aug 1, 2016 $0.00
Aug 8, 2016 $0.00
Aug 15, 2016 $0.00
Aug 22, 2016 $0.00
Aug 29, 2016 $0.00
Sep 5, 2016 $0.00
Sep 12, 2016 $0.00
Sep 19, 2016 $0.00
Sep 26, 2016 $0.00
Oct 3, 2016 $0.00
Oct 10, 2016 $0.00
Oct 17, 2016 $0.00
Oct 24, 2016 $0.00
Oct 31, 2016 $0.00
Nov 7, 2016 $0.00
Nov 14, 2016 $0.00
Nov 21, 2016 $0.00
Nov 28, 2016 $0.00
Dec 5, 2016 $0.00
Dec 12, 2016 $0.00
Dec 19, 2016 $0.00
Dec 26, 2016 $0.00
Jan 2, 2017 $0.00
Jan 9, 2017 $0.00
Jan 16, 2017 $0.00
Jan 23, 2017 $0.00
Jan 30, 2017 $0.00
Feb 6, 2017 $0.00
Feb 13, 2017 $0.00
Feb 20, 2017 $0.00
Feb 27, 2017 $0.00
Mar 6, 2017 $0.00
Mar 13, 2017 $0.00
Mar 20, 2017 $0.00
Mar 27, 2017 $0.00
Apr 3, 2017 $0.00
Apr 10, 2017 $0.00
Apr 17, 2017 $0.00
Apr 24, 2017 $0.00
May 1, 2017 $0.00
May 8, 2017 $0.00
May 15, 2017 $0.00
May 22, 2017 $0.00
May 29, 2017 $0.00
Jun 5, 2017 $0.00
Jun 12, 2017 $0.00
Jun 19, 2017 $0.00
Jun 26, 2017 $0.00
Jul 3, 2017 $0.00
Jul 10, 2017 $0.00
Jul 17, 2017 $0.00
Jul 24, 2017 $0.00
Jul 31, 2017 $0.00
Aug 7, 2017 $0.00
Aug 14, 2017 $0.00
Aug 21, 2017 $0.00
Aug 28, 2017 $0.00
Sep 4, 2017 $0.00
Sep 11, 2017 $0.00
Sep 18, 2017 $0.00
Sep 25, 2017 $0.00
Oct 2, 2017 $0.00
Oct 9, 2017 $0.00
Oct 16, 2017 $0.00
Oct 23, 2017 $0.00
Oct 30, 2017 $0.00
Nov 6, 2017 $0.00
Nov 13, 2017 $0.00
Nov 20, 2017 $0.00
Nov 27, 2017 $0.00
Dec 4, 2017 $0.00
Dec 11, 2017 $0.00
Dec 18, 2017 $0.00
Dec 25, 2017 $0.00
Jan 1, 2018 $0.00
Jan 8, 2018 $0.00
Jan 15, 2018 $0.00
Jan 22, 2018 $0.00
Jan 29, 2018 $0.00
Feb 5, 2018 $0.00
Feb 12, 2018 $0.00
Feb 19, 2018 $0.00
Feb 26, 2018 $0.00
Mar 5, 2018 $0.00
Mar 12, 2018 $0.00
Mar 19, 2018 $0.00
Mar 26, 2018 $0.00
Apr 2, 2018 $0.00
Apr 9, 2018 $0.00
Apr 16, 2018 $0.00
Apr 23, 2018 $0.00
Apr 30, 2018 $0.00
May 7, 2018 $0.00
May 14, 2018 $0.00
May 21, 2018 $0.00
May 28, 2018 $0.00
Jun 4, 2018 $0.00
Jun 11, 2018 $0.00
Jun 18, 2018 $0.00
Jun 25, 2018 $0.00
Jul 2, 2018 $0.00
Jul 9, 2018 $0.00
Jul 16, 2018 $0.00
Jul 23, 2018 $0.00
Jul 30, 2018 $0.00
Aug 6, 2018 $0.00
Aug 13, 2018 $0.00
Aug 20, 2018 $0.00
Aug 27, 2018 $0.00
Sep 3, 2018 $0.00
Sep 10, 2018 $0.00
Sep 17, 2018 $0.00
Sep 24, 2018 $0.00
Oct 1, 2018 $0.00
Oct 8, 2018 $0.00
Oct 15, 2018 $0.00
Oct 22, 2018 $0.00
Oct 29, 2018 $0.00
Nov 5, 2018 $0.00
Nov 12, 2018 $0.00
Nov 19, 2018 $0.00
Nov 26, 2018 $0.00
Dec 3, 2018 $0.00
Dec 10, 2018 $0.00
Dec 17, 2018 $0.00
Dec 24, 2018 $0.00
Dec 31, 2018 $0.00
Jan 7, 2019 $48.14 Jun 16, 2016 $0.01
Oct 19, 2018 $1.16
Oct 22, 2018 $1.16
Nov 1, 2018 $1.16

Loading...