Buy two used motorbikes for Transport service

Wilberforce Oyiengo

Kakamega, Kenya

100% repaid

Entrepreneur

Name

Wilberforce Oyiengo

Location

Kakamega, Kenya

On-time repayments

334 weekly installments  •  78%

About Me

Wilberforce Meki Oyiengo was born in 1976 and a resident of Rosterman. I went to Madende primary, Madende secondary and did my diploma in Architectural at Weco college of applied science and technology.
I am the first born in a family of six.
I started a small business of buying and selling second hand household goods since I was not able to acquire a Government job.
The business includes sale used household goods like Television sets, Refrigerators, Furniture, Microwaves, radios. clients find it affordable to purchase some of this good that they cannot afford to get them while new due to high prices. The business sustains my family being the only source of income.

My Business

I sell second hand house hold goods. This is after I realized many people prefer buying goods at a reduced price than going for a new one.
My source of income has been contributions from relatives, my own savings and borrowing loans from financial institutions like banks which charged high interests that posed a challenge to me.
I buy house hold goods from people who expose them cheaply to solve financial challenges elsware and in turn sell them to others, sometimes i may repair before selling them at fordable price. for example a used up 21`` television is bought at 8 dollars. Then I sell at 12 dollars, while a new is sold at 20 dollars. other goods sold at the same price earns good money.

Loan Proposal

I am willberfor meki oyiengo from Kakamega Kenya East Africa. I buy and sell second hand goods like, Motorbikes, Radio, Television, Table, Chairs, Bicycles etc, I conceived this vision of buying and selling second hands goods the time i realized in the community we have people who own things they don't us while others are looking for the same things but they cannot afford, the business is doing very well though i have had a challenge with capital but my hope were revived when i come a cross Zidisha, because the first loan enabled me to but tow bicycles which i soled almost double, please assist me get this loan of 430$ which will enable me buy two motorbikes, one second hand motorbike is a bout 200$ and it can raise me about 250$, thank you in advance, i promise to be honest.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$445.28

Date disbursed

Jun 17, 2014

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Lender interest: $445.28 at 5.76% annual rate over 3 months = $6.91

Service fee: $6.00

Lenders

J

jeffb

United States

EricDWalters

Rochester, Mn, Usa, United States

KYLE LARSON

Little Falls, United States

Kitty

Hailsham, United Kingdom

P

Philippe

Adliswil, Switzerland

mraph

Virginia, United States

Eduard

Dnepr, Ukraine

N

netsirkd

Highland, United States

Zal0m0n

Atlantis!!!! x), Mauritania

gseletko

South Perth, Australia

H

howard

Vence, France

Sarasota

Sarasota, Fl, United States

Matthieu

Switzerland, France

Matching Fund

Sterling, United States

KrautFunding

Hamburg, Germany

R

roozbeh

United States

T

TrademarkMan

United States

L

LittleJohnny

United Kingdom

Vesa

Helsinki, Finland

N

nickkoto

United States

D

dk1234

Netherlands

Sputnik

Switzerland

H

hixeu

Belgium

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