Sifa

Chalani, Kenya

100% repaid

Entrepreneur

Name

Sifa

Member since

February 2013

On-time repayments

114 installments  •  13%

About Me

My name is Sifa Katana,im married with three children,two boys and one girl.The first boy is aged five years,the second three years and the third four months still breastfeeding.I live in Chalani, Mihingoni in Kaloleni.Im a `boda boda`I carry people by motorbike from one place to another.Educationwise im a class eight leaver.I started this business basically to earn a living and to assist my children continue with their education.I do purchase with the earnings the following items:chain,tires,tubes,oil,brakes,sidemirriors,indicators also buy for my family the following:milk,clothes,vegetables,water,pay for school fees and transport etc

My Business

My business is `Boda-boda'with this business involves rendering a service by taking people by mortorbike from one place to another.There is a high demand of this service because this is a fast means of transport and that it can penetrate through small routes and that its a none stop transport means.My customers prefer my business that im ever ready and a faithfully servant.The business is profitable in that I can get ksh:1500/= by using two and ahalf liters of fuel-which is ksh:300/= and the risks that face my business are lack of funds for repair and fast aid kit for emergence.My monthly income is ksh:36000/= and my monthly expenditure is ksh:20000/= and my profit is ksh:16000/= of which I can repay a ny loan given by Zidisha without any problem.

Loan Proposal

I will use the loan in repairing my motorbike,also will buy tools so that I cut the cost of repairing the motorbike;the tools are as follows;ring spanners,box spanners,pliers,inflating pumps,hummers,screw drivers etc.Finally will use the money in buying a second hand motorbike to expand my business.

Feedback

3

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$482.00

Date disbursed

Mar 17, 2013

Repayment status

On Time

Projected term

12 months

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  • Sunnyside    Jan 26, 2015

    Hi Sifa, I hope your boda boda business is going well and that the weather has been good for your crops. It would be great to have an update from you, Wishing you and your family well in 2015, Gill

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  • Sunnyside    Nov 25, 2014

    It is great to see that you have managed to make a repayment - How are things with you? Kind regards Gill

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  • Sunnyside    Oct 23, 2014

    Hi Sifa, How are things with you? I hope all is well. Kind regards Gill

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  • ajordan    Jun 17, 2014

    Dear Lenders,
    Sifa has been contacted about his loan payment and plans to pay this Saturday, the 21st. Thank you for your understanding and patience!

    Alissa,
    Zidisha Team

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  • Sifa    Mar 16, 2014

    thank you my lenders am very happy for what you are doing on the second loan. i would kindly urge more lenders to do something on my loan so that it maybe fully funded as soon as possible because am waiting for this loan to also play a major role on my farming project. the rainy season has already started here and ui don't want to be left behind thank you

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  • Sunnyside    Feb 28, 2014

    Mr Kidhongo - I think because there are a lot of loans on Zidisha at the moment you need to offer an interest rate to attract lenders. You did a wonderful job of paying off your last loan and I wish you every success. Gill

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  • Sunnyside    Feb 21, 2014

    Hi Mr Kidhongo - I have tried to promote your loan on the forum. Perhaps you should consider offering a small interest rate to encourage lenders. I am happy to loan to you again as you made regular repayments - updated us on your progress and paid your last loan off in full a little early :-) Good luck!

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  • AWOL    Feb 13, 2014

    sifa,

    why do you want another $483 loan?

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    • Sifa    Feb 22, 2014

      Thanks my dear lender!,truely this is not my desire to ask for $483 loan but I'm forced by the website settings in that I defaulted in one or two of my monthly installments of which I appologized and explained the reason as to why will not pay on that date payment.Due to this,the website permitted me to go for $483 loan and had no alternative.All the same its my desire to get a bigger or larger loan in order to expand my business.If at-all there can be some adjustments I would apreciate.Thanks.

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  • Sifa    Sep 8, 2013

    Hello! Zidisha team,I feel good to thank the entire micro-finance and the donors who contributed to my loan which I received through my phone.I feel great for Zidisha micr-lending group to give me such a golden opportunity to access and boosted financially to my business.This has actually transformed my life.This is evident through my business;my motorbikes are in good condition and can perform well with a lot of efficiency dispite the fact that most of the roads are rough.The issue of season remains the only obstacle but to the fact that season passes way can not trouble me much.The money I got so far has positively affected me and I really that God.May God bless you in advance.

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    • Sunnyside    Sep 16, 2013

      It is wonderful to hear from you and that your business is doing well. My very best wishes to you and your family. Gill

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      • Sifa    Dec 24, 2013

        Thanks for your word of encouragement,this motivates and gives another streangth to move ahead.Hope that God will enable me and through proper management of the business will take the business to higher level.

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  • Sifa    Jun 8, 2013

    The photo that I'm on is a second-hand motor-bike that I bought out of the Loan I got from you Zidisha micro-leanding group.Thanks and hope to improve my company even more for hire income.

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    • Sunnyside    Jun 13, 2013

      Thank you for posting the picture of your new motorbike. It is great to see that you are doing well and I wish you every success with your business. Kind regards Gill

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  • Sifa    Jun 8, 2013

    Thanks Zidisha micro-leading group,for creating such a wonderful opportunity of accessing loans without some shares and as though not enough in low interests decided by the clients/applicants.God bless Zidisha greatly.

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