Loan to buy a new motorbike taxi

Collins

Laundy, Kenya

100% repaid

Entrepreneur

Name

Collins

Member since

September 2015

On-time repayments

152 installments  •  40%

About Me

I was raised in rural Kenya in a middle income family, that practiced tea farming. After i completed my high school studies i came to Nairobi where i secured a job in a cloth Manufacturing factory as a machine operator.
I used to be paid 9000 shilling a month, which is very little money in Nairobi.
S i decided to quit this job and start a business of my own to meet my daily needs.
I am married and i have two kids whom i desire to give good and education.

My Business

My business is of boda boda business, where i ferry people from one estate to another within Nairobi town. It is a nice business because the population within Nairobi is very high and most people like to use motobikes because it is convenient and faster, as well as cheap as compared to other means of transport.
I bought a second hand motobike and i want to raise more money so as to buy a new motobike which is easy to maintain.

I make approximately one thousand kenyan shillings every day with which i pay my rent, and pay school fees for my children.

Loan Proposal

i will add to what i have to buy anew motobike.
i have so far saved fifty thousand kenyan shillings , i wuill borrow another 20 thousand kenyan shillings from a local bank and add to what i will get from zidisha to buy a new motobike

Feedback

3

None

None



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Loan Info

Project Type

Classic Loan

Disbursed amount

$199.00

Date disbursed

Dec 6, 2015

Repayment status

On Time

Projected term

3 months

Lenders

Pranjal

Noida, Kenya

investor

Candiac, Canada

T

ToddK

Indianapolis, IN, USA, United States

B

blahblah

Nuernberg, Germany

ads68

Melbourne, Australia

fairspirit

Utrecht, Netherlands

F

flaguy999

Tampa, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

Scotts5320

New York, United States

Matching Fund

Sterling, United States

mepster

San Francisco, Ca, United States

J

jowde

Germany

Dave Bogard

New York, United States

MW

Matt Willis

United States

Andri K

Baden, Switzerland, Switzerland

Diego

Monza, Italy

L

LK

United States

metab

Estados Unidos, Hong Kong

Anonymous

Ocoee, United States

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Summary

Amount repaid

$209.18

Amount remaining

$0.00

Date repaid

Mar 6, 2016

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Dec 13, 2015 $15.00 Dec 13, 2015 $15.00
Dec 20, 2015 $15.00 Dec 20, 2015 $15.00
Dec 27, 2015 $15.00 Dec 27, 2015 $15.00
Jan 3, 2016 $15.00 Jan 3, 2016 $15.00
Jan 10, 2016 $15.00 Jan 10, 2016 $15.00
Jan 17, 2016 $15.00 Jan 17, 2016 $15.00
Jan 24, 2016 $15.00 Jan 24, 2016 $15.00
Jan 31, 2016 $15.00 Feb 5, 2016 $15.00
Feb 7, 2016 $15.00 Feb 7, 2016 $15.00
Feb 14, 2016 $15.00 Feb 14, 2016 $15.00
Feb 21, 2016 $15.00 Feb 21, 2016 $15.00
Feb 28, 2016 $15.00 Feb 28, 2016 $15.00
Mar 6, 2016 $29.18 Mar 6, 2016 $29.18

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