Erastus Jones

Thika, Kenya

100% repaid



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 will use the loan to purchase the rear tire of the motorbike. This is because the current tire has just worn out and could easily affect my source of income and livelihood. I will use the remaining Ks. 3,000 to service the motorbike to ensure that it gives out maximum output while minimizing cost with minor repairs.
Through this business, I want to accumulate my profit by end this year so as to enroll myself in college and pursue a diploma in Automotive Engineering next year 2014. Through Zidisha's intervention with the loan, it will make my dream come true eventually as my business wont be affected or halted in any way.
Kindly assist me.






Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

Jun 13, 2013

Repayment status

On Time

Projected term

18 months

Cost to entrepreneur

Lender interest: $100.08 at 4.90% annual rate over 18 months = $7.70

Service fee: $5.16

Other loans




United States

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



Amount repaid


Amount remaining


Date repaid

Nov 6, 2013


Fully repaid

Repayment History

Expected Payments Actual Payments
Aug 8, 2013 $0.00
Sep 8, 2013 $0.00
Oct 8, 2013 $0.00
Nov 7, 2013 $0.00
Dec 7, 2013 $8.70 Nov 6, 2013 $8.70
Jan 7, 2014 $8.70 Nov 6, 2013 $8.70
Feb 7, 2014 $8.70 Nov 6, 2013 $8.70
Mar 7, 2014 $8.70 Nov 6, 2013 $8.70
Apr 8, 2014 $8.70 Nov 6, 2013 $8.70
May 8, 2014 $8.70 Nov 6, 2013 $8.70
Jun 8, 2014 $8.70 Nov 6, 2013 $8.70
Jul 8, 2014 $8.70 Nov 6, 2013 $8.70
Aug 8, 2014 $8.70 Nov 6, 2013 $8.70
Sep 8, 2014 $8.70 Nov 6, 2013 $8.70
Oct 8, 2014 $8.70 Nov 6, 2013 $8.70
Nov 7, 2014 $8.70 Nov 6, 2013 $8.70
Dec 7, 2014 $8.70 Nov 6, 2013 $8.70
Jan 7, 2015 $2.46 Nov 6, 2013 $2.46