Erastus Jones

Thika, Kenya

2% repaid

Entrepreneur

Name

Erastus Jones

Member since

May 2013

On-time repayments

27 installments  •  0%

About Me

I am the second born in the family of three. I live in Thika, Kisii estate. I am a boda boda (motor bike) driver. I decided to start the business after being at home due to lack of school fees. My father had bought it five years ago in 2008 for transport of fodder at our rural home. It developed some mechanical problems and my father couldn't be able to raise the amount to repair it. I solicited some money in 2011 to repair the motorbike and since then I have been using it to offer my taxi services.
due to lack of school fees in 2011,I had to make ends meet and that is how I landed in the taxi industry. Boda boda is the name for either Bicycle or motorbike taxi service in Kenya.
The minimum amount that I carry a person with my bicycle is Ksh. 50. I usually charge depending on the distance covered. Its a very interesting and booming industry that has taken Kenya by storm.

My Business

I am a motorbike taxi driver, which is locally known as Boda Boda.
I offer taxi services using my motorbike which includes moving passengers from one are to another, running errands and carrying luggage from one destination to another. I also offer delivery services whereby I deliver mails to various destinations.
My customers prefer my services because I drive safely, offer reasonable prices for my services and also I have a radio installed in my bike whereby the passenger go listening to some music at the back. The radio is located underneath the carrier while the speakers are on either side of the feet guard.
The risks involved in the business is when I am faced with careless drivers on the road who can easily cause accidents. Also, diseases caused by cold like pneumonia hence one has to really really keep warm and protect the body especially the chest.
Another risk is the fluctuating fuel prices. When they go high, it reduces our profit margin as most customers will be reluctant to pay more, especially the regular customers.
Within a month I manage to get a minimum of Ks. 10,000 as profit. This is a job that many jobless youth are venturing into and earning a living through it.

Loan Proposal

I appreciate for the first loan you offered to me.It was of Great help.
I will use Ksh. 10,000 to purchase a brand new rear tire for my older motorcycle. Since I bought it in 2012, I have nit changed it and its almost worn out.
The remaining Ksh. 8000 I wil use it to cater for expenses that include maintenance
and upgrade of the older motorcycle so that it can be able to match the new motorcycle. Also, the better condition it is in, the more it will attract customers, hence an increase in its profit margin per day.
I look forward in some few years to build a transporting empire and am glad Zidisha is part and parcel of it.
Kindly accept my loan proposal and I will keep on honouring my word, just like in the previous loan.
Thank you in advance.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$218.04

Date disbursed

Nov 13, 2013

Repayment status

Late

Projected term

24 months

Cost to entrepreneur

Lender interest: $218.04 at 7.27% annual rate over 24 months = $32.45

Service fee: $15.57

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Ask Erastus 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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  • Paul Kamande    Dec 1, 2014

    Dear Lenders,
    I have talked to Mr. Muchiri who is working to actually ensure he clears his loan. He is set to send in some repayment this week. I will keep you updated as soon as he sends me the Mpesa confirmation message.

    Thanks,
    Paul Gitau
    VM

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  • Bavarian    Sep 6, 2014

    Dear Erastus, I hope you and your family are doing well. We haven't heard any news from you for a while and you are far behind your repayment schedule. Please keep us informed how things are going. Regards, Bavarian

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  • Paul Kamande    Mar 20, 2014

    Dear Lenders,
    Mr. Erastus has just made another payment. Lets wait for Zidisha to update the profile.
    I have the transaction message and I can confirm indeed he has repaid, as I was with him as he sent the repayment.
    Thanks.

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  • Paul Kamande    Mar 20, 2014

    Dear Lenders,
    Mr. Erastus has just made another payment. Lets wait for Zidisha to update the profile.
    I have the transaction message and I can confirm indeed he has repaid, as I was with him as he sent the repayment.
    Thanks.

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  • CZC    Mar 19, 2014

    Mr. Jones,

    Thank you for your first repayment, though small. I hope things have settled down a bit so you can give us an update on your business and when you will start making more substantial repayments.

    Please remember that communication with your lenders is essential so we can be more accommodating.

    Thank you,
    Cris

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  • CZC    Feb 26, 2014

    Mr. Jones,


    You are nearly 3 months in arrears and we have still not received any news from you. Paul Kamande, your VM, told us earlier this month you promised to pay, but you have disappointed both us and him. Please let us know what is going on.


    Cris

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    • Paul Kamande    Mar 7, 2014

      Dear Crissr,
      Finally some good news- Erastus has posted some cash. Things are moving on the right track now. I hope this will be the trend for the rest of borrowers in arrears.

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  • mewesten    Feb 22, 2014

    How is it going, Erastus?

    Your lenders would like to hear from you.
    Thank you.

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  • Kjartan    Jan 30, 2014

    Hi Erastus,

    Would you please give us an update on how your business is doing? Hope all is well!

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  • CZC    Jan 30, 2014

    Hi Erastus,

    I saw the picture of your new motorbike. Hope it's been working well for you. Could you give us an update on how business is going? You missed your first repayment and your second is coming up due really soon. Do you need to reschedule?

    Thanks,
    Cris

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  • Erastus Jones    Nov 22, 2013

    Dear Lenders,
    Here is my new motorbike that through Zidisha I managed to top up the cash I had and bought it.
    I am really grateful

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  • Erastus Jones    Nov 17, 2013

    Dear Lenders,
    I received my loan on November 14 and yesterday I put it into total use. I already bought the rear tire and now the old motorcycle looks like new. I also took it to the garage for service and now it feels like new when driving it. I am really grateful and I promise to honour my word like there before. Thanks for the trust and confidence with your finances. I don't take that for granted.

    Thanks

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  • Erastus Jones    Nov 12, 2013

    Dear Lenders,
    I really appreciate you funding my loan. As I await for it to be disbursed to me, I want to Thank you sincerely from the bottom of my heart.

    Erastus

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  • Erastus Jones    Nov 12, 2013

    Dear Lenders,
    I really appreciate you funding my loan. As I await for it to be disbursed to me, I want to Thank you sincerely from the bottom of my heart.

    Erastus

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  • Erastus Jones    Nov 9, 2013

    Dear Lenders,
    Please accept my loan proposal and fund me. I look forward to working with you again like in my first loan.

    Erastus

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  • Paul Kamande    Nov 8, 2013

    Dear Lenders,
    I was with Mr. Erastus Muchiri today and saw the motorbike he bought through Zidisha's assistance. Indeed, he has worked hard and now has one of his bikes for hire and the other one is his. In a day, he gets Ksh. 500 on a good day and Ksh. 300 on a bad day from his rented bike.
    With his bike, the one he drives for himself, he makes ksh. 1000 on a good day and Ksh. 800 on a rather bad day.
    Also, he told me that he did apply for his second loan after having successfully paid the first loan.
    He longs to have a lasting relationship with Zidisha.

    Regards,
    Paul Gitau Kamande
    Volunteer Mentor.

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    • Erastus Jones    Nov 9, 2013

      Hi Paul,
      Its nice working with you. Thanks for the assistance so far.
      I look forward to being more involved with Zidisha and I hope that the lenders will fund my current loan.
      Thanks in advance,

      Erastus

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  • Erastus Jones    Nov 8, 2013

    I look forward to working with you in my new loan. Thanks Zidisha

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  • Erastus Jones    Nov 7, 2013

    Am actually lucky today. I have just walked out of my house seeking an Mpesa agent. Luckily, I found one and it has enabled me cater for repayment as I have just forwarded the cash to Zidisha.
    Now lets wait for Zidisha to update their website on my repayment.
    Thank you once again

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  • Erastus Jones    Nov 7, 2013

    Dear Lenders,
    Indeed I have kept my word- in less than 24 hours I am making my full repayment. I am happy to let you know that through Zidisha I managed to top up my savings and purchased another motorbike. It has reaped fruits for me. I highly appreciate and look forward to working with you again in my next loan request.
    Thank you and May God Bless you all.

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  • Erastus Jones    Oct 11, 2013

    Dear Lenders,
    I have just bought another motocycle last week and now I have two. I used all my capital and Thanks to Zidisha , am in a position to create employment. I have opted to reschedule my loan to enable me be in position to fully repay it before the proposed loan repayment time as now my source of income is high. Please accept my sincere request .Thank you

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  • Erastus Jones    Aug 25, 2013

    As the national lead for Motorcycle Safety on behalf of the Kenya Tuktuk Boda-Boda Motor bike Welfare Association it gives me great pleasure to welcome you to the all new national 'TukBodaBike Safe' website.

    At a time of economic recession, I am pleased to see that biking is still thriving relatively speaking, especially as people wake up to the fact that, apart from being an enjoyable form of transport, there can be economic benefits in switching to two wheels.

    Whilst the continuing popularity of motorcycling is great news, sadly we still have an unacceptably high toll of casualties and deaths from powered two wheelers and, indeed, we are now lagging some way behind our East African partners in reducing the number of biking casualties. That said, motorcyclist casualties are still recognised as a East African-wide problem.

    'TukBodaBike Safe' is recognised as a practical and enjoyable way in which we can reduce the risks to be faced when using two wheels. With schemes available in the majority of Counties areas in Kenya. Uganda, Tanzania and Southern Sudan, 'TukBodaBike Safe' goes from strength to strength.

    Thousands of riders a year undertake 'TukBodaBike Safe' briefings and assessments, many of whom now go on to take up accredited training, which is our aspiration. Better trained, more experienced riders mean not only fewer casualties but more enjoyment of our roads.

    It doesn't matter whether, like me, you have been riding for 30 years or are just 30 days after passing your test; you are welcome to join one of the many 'TukBodaBike Safe' workshops that are being run throughout the year up and down the country.

    I am hugely grateful to my fellow TukBodaBike members and other partners who help us to run the 'TukBodaBike Safe ' workshops. Many do this in their own time, not only because of their love of biking but also as a representation of our joint absolute commitment to make motorcycling as safe as possible. The workshops are not expensive and constitute great value for money. You might think that you are a good rider and you probably are, but you will be surprised how much your riding can be improved. Undertaking a 'TukBodaBike Safe ' assessment under the supportive eye of some of the country's most seasoned motorcycling professionals is one of the best first steps you can make towards being a better and safer rider.

    I do hope that, if you have not already done so, you go to a 'TukBodaBike Safe ' workshop this year and also that you find the information on the new website both useful and enjoyable.

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