Loan to buy a new motobike

Evans Mogire

Baba Dogo, Kenya

100% repaid

Entrepreneur

Name

Evans Mogire

Member since

January 2016

On-time repayments

131 installments  •  75%

About Me

I was raised in rural kenya and later moved to Nairobi to search for employment. I later found a job, in a manufacturing industry . I worked for five years. I later realized the money was little, so i quit my job and started a business of selling grocery which did not do well. I later took a loan with which i bought a motobike for my biz.

My Business

I ran i boda boda business of ferrying people from one destination within ruaraka area. This is an industrial area with a high population, where by i ferry workers from there homes to there places of work. This is the most convinient way of commuting since most of the roads can be easly accessed by motobikes and motobikes are quicker.
I averagely make around ten dollars a day.
This is the money that i use to pay may bills and pay fees for my kids

Loan Proposal

I need around 200 dollars to buy a motobike.
I will add to what i have saved to buy this bike.
What i may need to add to what i have is
150 dollars to add to what i have to purchase the bike
25 dollars for insuarance
15 dollars for safety clothing
15 dollars for stage fees


Thanks

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.17

Date disbursed

Jan 17, 2016

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $6.24

Evans opted to pay $41.47 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

DocHolliday

Legend, United States

PG

Paul Graham

United States

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