Chengo Kabani

Mtwapa, Kenya

42% repaid

Entrepreneur

Name

Chengo Kabani

Member since

November 2012

On-time repayments

35 installments  •  31%

About Me

my name is chengo kabani i am the last born in our family of seven children two girls and four brothers i was born in the year nineteen ninty the month November on twenty first date i grow up in a loving family and i was able to be send to school for some time right now all my siblings live other places not near home so am the one who takes all the responsibilities including my sisters children,i live in a humble place in mtwapa called mtomondoni which is now developing most of people living in mtomondoni are traditionalist and its now changing to the worlds economy .i went to school at my early stages of life but i was forced to drop out of school because my parents were unable to support and pay my school fees by the time i got in class six i dropped out i tried to look for ways and asked for help from my relatives so that i would continue with my studies but it didnt work and i had no other option in started to look for ways to support myself i went to a driving school where i learnt how to drive and started my business,i decided a business to satisfy my daily needs and to be able to support my parents due to their old age and they were unable to work anymore and i took the responsibility i also wanted to make sure that i earn so that one day i can go back to school although i will be older,i got married and blessed with one son called Hommy he is now two years he is good boy,
my business earns me enough money to run my daily life with what i earn i am able to feed my family daily and obtain their daily needs i am able to send my late sisters children to school as we all know education is very important,i have been able to open a small business for my wife and teach her about business,i am able to maintain my motor bike daily by refilling and maintenance,still i am able to save some money for my future, i am a hard working man

My Business

I am a motorcycle taxi driver - in my country the motorcycle is called boda boda. there are also car taxis, called matutus.
We transport not only persons, but also small goods. The request for boda boda are much higher than for matutus, as a boda boda is faster, cheaper, and can go where roads are badly build.
I started out as a bicycle taxi driver, but as it is very tiring and it needed a lot of energy. So first I lent a boda boda, whenever I had a transport of a person or a good to deliver. With my first Zidisha loan I finally bought my own boda boda, and now, since I am a hard working man, I earn enough to mantain my family and help paying the school fees for my late sisters children.
my monthly typical cost is Kshs 5000/= this is daily refueling and maintenance of the bike while my monthly sales revenue amounts to Kshs 30,000/= when the business is doing well and when things aren't well and the business is low my sales revenue amounts to Kshs 21,000/=
this makes me get a profit of kshs 25,000/= when the business is doing well and when it isn't doing well i get a profit of Kshs 19,000/=
boda boda business is a very good business in kenya to any new person who wants to get into business it can make one earn money and be able to expand other business and improve ones life,

Loan Proposal

I'm a boda boda driver, which is a motorcycle taxi driver, who transports persons and small goods. With my first loan from Zidisha, for with I thank you all, I was able to buy my own motorcycle. God bless you!
Since the request is high, I would like to use this second loan to buy a second motorcycle. I will lend the existing motorcycle to another rider and ride the new one myself. This will help earn more money - me and the new driver!
Once again thank you for the good help you are giving us!

Show original English  

About Me

my name is chengo kabani i am the last born in our family of seven children two girls and four brothers i was born in the year nineteen ninty the month November on twenty first date i grow up in a loving family and i was able to be send to school for some time right now all my siblings live other places not near home so am the one who takes all the responsibilities including my sisters chilren,i live in a humble place in mtwapa called mtomondoni which is now developing most of people living in mtomondoni are traditionalist and its now changing to the worlds economy .i went to school at my early stages of life but i was forced to drop out of school because my parents were unable to support and pay my school fees by the time i got in class six i dropped out i tried to look for ways and asked for help from my relatives so that i would continue with my studies but it didnt work and i had no other option in started to look for ways to support myself i went to a driving school where i learnt how to drive and started my business,i decided a business to satisfy my daily needs and to be able to support my parents due to their old age and they were unable to work anymore and i took the responsibility i also wanted to make sure that i earn so that one day i can go back to school although i will be older,i got married and blessed with one son called Hommy he is now two years he is good boy,
my business earns me enough money to run my daily life with what i earn i am able to feed my family daily and obtain their daily needs i am able to send my late sisters children to school as we all know education is very important,i have been able to open a small business for my wife and teach her about business,i am able to maintain my motor bike daily by refilling and maintenance,still i am able to save some money for my future, i am a hard working man

My Business

my business earns me enough money to run my daily life with what i earn i am able to feed my family daily and obtain their daily needs i am able to send my late sisters children to school as we all know education is very important,i have been able to open a small business for my wife and teach her about business,i am able to maintain my motor bike daily by refilling and maintenance,still i am able to save some money for my future, i am a hard working man
my business includes driving of a boda boda thats how its commonly known in Kenya boda boda is the driving of a motor bike my business started some years ago when i thought it was going to make me earn some money,i first started boda boda business but with a different means that is driving of a bicycle i provide means of transport to the locals but as time went by the introduction of the motor bikes came and i decided to change to motor because riding a bicycle wasnt easy and it was tiring and it needed alot of energy to deliver services thats why ii changed to this modern means of transport due to its opposite deliverance to the bicycle means. my business is a form of transport which is commonly used in our country which was introduced in here from our neighbouring county .in my business i offer services that is buy transporting items or people transporting of less bulky items that can be carried without any problem its a very simple way of transport.transport is a daily issue to everyone and without transport less things can be obtained and by providing this services i am entitled to get a jackpot the services i provide are high on demand because of 1. its a cheap way of transport 2. its readily available at anytime of the day 3.its a faster means of transport than the usual matatu means 4. with boda boda you can go or transport things at interior places where roads are badly build because boda boda use a very slim space to pass not like matatus,
most of people in my araea prefer this means of transport mostly mine because they know with me they will arrive safetly.i am a carefull driver and drives with decency,there are other means which are much cheaper the boda boda but people prefer this because of one major difference and that is speed,
the business is profitable because its like the most valuable business around considering that most people prefer it like transporting people from home to theor work places or carring people who cant walk to such long distances its profitable because i am able to cater all my family needs daily.
in every business their are risks and in my business risks are also thier the most risks are insecurity, robbery, accidents sometimes you can transport a customer not knowing that you are carrying a thief and on reaching a unfamiliar place you get robbed and even injured and sometimes to the extend of loosing the motor bike.another is fuel price rises and makes it hard to get this important commodity and we know with out fuel i have no job
my monthly typical cost is Kshs 5000/= this is daily refueling and maintenance of the bike while my monthly sales revenue amounts to Kshs 30,000/= when the business is doing well and when things aren't well and the business is low my sales revenue amounts to Kshs 21,000/=
this makes me get a profit of kshs 25,000/= when the business is doing well and when it isn't doing well i get a profit of Kshs 19,000/=
boda boda business is a very good business in kenya to any new person who wants to get into business it can make one earn money and be able to expand other business and improve ones life,

Loan Proposal

Hello, I actually got a big boost with my first loan.This is something to thank you all, my lenders and the zidisha team in general for the hard work you guys are doing, God bless you.Since the business is doing well i would like to use this second loan to buy a new motorcycle. This would add more value to my business because i will give the existing motorcycle to another rider and ride the new one myself. This will help earn more money hence improve the business and at the same time create a job opportunity to another person. Once again thank you for the good help you are giving us.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,857.03

Date disbursed

Sep 8, 2013

Repayment status

Late

Projected term

29 months

Cost to entrepreneur

Lender interest: $1,857.03 at 8.71% annual rate over 29 months = $400.77

Service fee: $166.22

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