Loan to buy a used motorbike for supplies

Vincent Omondi

Kahawa, Kenya

20% repaid

Entrepreneur

Name

Vincent Omondi

Member since

July 2015

On-time repayments

252 installments  •  22%

About Me

I am the first born in a poligamous family of seven children, currently a final year student pursuing bachelor of economics and finance at Kenyatta University. I lost both of my parents to HIV/AIDS while I was in primary school.The fact that parent died of HIV/AIDs really caused me a lot of stigmatisation as fellow pupils did not want to associate with me but I never let that deter my pursuit for education.
After thorough analysis of the market I realised that majority of the said market could hardly afford a loaf of bread and hence the need of a cheaper alternative. I then did a market research and tested the products to determine their acceptance, my land and culture is unique and is known for its wide spread HIV/AIDs cases.
During my free time I usually visit orphanages for voluntary services and motivational talks.

My Business

I make and sell baked products especially the homemade doughnut.My products are unique in tastes and are also preferred for their freshness and natural nature since I use no preservative.

I chose this business upon studying the market factors.I also wanted to salvage my target group( majority of whom are students) from the escalating prices of loaves of breads.

My typical costs entail the cost of inputs and other miscellaneous expenses totaling up to about 100 US dollars per day as my working capital generating a daily revenue of about 140 US dollars.

I save 15% of my profit and plough back the rest into the business for growth.

Loan Proposal

This loan will go directly to the purchase of a used motorbike to aid me in the supply of donuts.

A used motoebike in good condition currently retails at Ksh.50,000. With current savings of Ksh.20,000 this loan will complement my savings and see me realize my dream.

With a motorbike supply will be faster and convenient even during rainy seasons.A lot of time will be saved that can be put in other aspects of the business.

Profit is also expected to increase by 8 percent. With increased profit i will able enhance financial support to my dependants.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$342.01

Date disbursed

May 10, 2016

Repayment status

Late

Projected term

51 months

Cost to entrepreneur

Service fee: $14.08

Lenders

rebecca

Chapin SC, United States

J

jeffb

United States

J

johans

Malmö, Sweden

tjm212003

Montreal, Canada

S

Snick

Halle, Germany

A

alfredo

Bremen, Germany

H

Hilke

Bremen, Germany

S

susa

Forchtenberg, Germany

G

Givemoreuseless

Waterloo, Canada

J

jra299

New York, United States

valentin

Stockholm, Sweden

F

Frank

Berlin, Germany

B

BRWorthington

San Francisco, United States

HI

Highly Improbable

Saskatoon, Canada

Irvin

Vancouver, Canada

investor

Candiac, Canada

J

johan

Oslo, Norway

P

Peter

München, Germany

M

MarkAndMary

Seattle, United States

Veronika

victoria, Canada

malcolm D

grants pass, United States

ken701

Lede, Belgium

Y

yop324

Ottawa, Canada

BelleStarr

Albuquerque, United States

D

dhedmonds

Toronto, Canada

D

drjofleming

UK, United Kingdom

T

Tourno

Montreal, Canada

Joellen

Boulder, United States

E

Ehaffey

Washington D.C., United States

U

uBaJ41

Afton, United States

C

ColinPlatt

Montgomery Village, United States

O

Oliver

Geneva, Switzerland

DeanDropshot

Oslo, Norway

I

ideerge

Mountain View, United States

F

fergalmatt

Vancouver, Canada

Tilius

Oslo, Norway

J

Jdoyle

Kitchener, Canada

boxer

Boynton Beach, United States

Tuomas

Helsinki, Finland

A

Anonymous

United States

J

jozua

Delft, Netherlands

F

Fiodal

Helsinki, Finland

L

louisela

Eugene, Oregon, United States

F

faical

Cologne, Germany

T

traderjohn

Baltimore, United States

D

danielske

Branford, United States

Pere

Barcelona, Spain

H

HappythroughHelp

Torrance, United States

C

cjmenchaca

Austin, United States

Kysera

Crawfordsville, United States

B

blahblah

Nuernberg, Germany

T

thejacobnorton

Jubail, Saudi Arabia

C

chrisn

Egg, Switzerland

HansLindgren

Uppsala, Sweden

TheWhiteCat

Surrey, United Kingdom

S

SelvaMarcus

Green Cove Springs, United States

beverly

Vancouver, Canada

J

jjonas

berlin, Germany

HE

help each other

Glasgow, United Kingdom

F

fisaire

Ithaca, United States

G

grahamfamily

Guildford, United Kingdom

T

tonilends

catalonia is not:, Spain

indeh

London, United Kingdom

athomas

Chevy Chase, United States

H

HildeK

Rogaland, Norway

amovida

Central valley, ny, United States

Erica

Caledon, Canada

kickerofelves

Sao Paulo, Brazil

W

wordelsue

MIDWEST, United States

Cloudways

Malta, Malta

D

Dadiolafs

Vestmannaeyjar, Iceland

P

penguin3694

Chicago, United States

R

rpmccarthy

Sydney, Australia

B

bugsheep

Houston, United States

M

marcelitohb

Bremen, Germany

D

DThirteen

Miami, United States

Bhayl

Stavanger, Norway

Y

Yevrahs

Dallas, Texas, United States

O

Oscart

Edmonton, Canada

Bruno

São Paulo, Brazil

J

jjoshua2

Hanover, United States

M

mkellerman

Shanghai, China

basicus

Cairo, Egypt

A

alkemyst

Geneve, Switzerland

fairspirit

Utrecht, Netherlands

Gordons28

Santa Monica, United States

K

KnutG

Bergen, Norway

M

Morgue

Brighton, United Kingdom

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

K

kjustad

Asker, Norway

neocodesoftware

vancouver, Canada

isabelv

Barcelona, Spain, Sweden

S

Serene

Philadelphia, United States

Zal0m0n

Atlantis!!!! x), Mauritania

U

Ubun2

London, United Kingdom

gseletko

South Perth, Australia

E

Escalada

Bakersfield, CA, United States

S

seikatsu

Palo Alto, CA, United States

dmirpuri

Bangkok, Thailand

Matthieu

Switzerland, France

H

harrymore

Townsville, Australia

xtrahardware

Cazenovia, United States

G

Goetterbote79

Neuhausen, Germany

J

jinx83

Brisbane, Australia

M

Madone52

Brisbane, Australia

HealthcareProvider

Baltimore, United States

E

E

Marin county, United States

G

GoCO

Golden, Co, United States

E

elourenco

Porto, Portugal

Evan Lamos

Brussels, Belgium

G

guggl

Vienna, Austria

dlpringle

Denver, United States

G

GanSatya

United States

B

BobHope

United States

sderickson

Berkeley, CA, United States

O

oonbug

United States

pvilliger

Zurich, Switzerland

M

Malibu

Westwood, United States

H

HoseB

San Francisco, United States

M

microlender

United States

D

drorm

United States

Jonas

Brussels, Belgium

G

geoff

United States

S

spivurno

United States

M

meric

Australia

C

Chad

United States

S

SimonAngus

South Africa

A

allie105

United States

M

Michi

Switzerland

J

jay12

Germany

K

Karpet

Faroe Islands

Brooklyn

Brooklyn, United States

A

ajayhk

San Jose, United States

J

jbhernan

United States

A

Arkad

United States

P

Panda6689

United States

TyWee

Manila, Philippines

A

AlphaAres

Azerbaijan

S

SaraNT

United States

I

idris

United States

A

AlexH

United Kingdom

S

SCHAC

Switzerland

M

M.Umar

Pakistan

E

Estebanito

United States

A

adamdreaming

United States

J

JeremyR

United States

R

Ruj-ura

Thailand

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

TF

Timothy Fitz

United States

KM

Kirsty M

United Kingdom

Dave Bogard

New York, United States

Family Mueller

Petershagen, Germany

AL

Amy Luo

United States

Robert

Sweden

Sherri Quinn

North Saint Paul, United States

Matt B

Stratford Upon Avon, United Kingdom

PG

Paul Graham

United States

Diego

Monza, Italy

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

V

VJ

Canberra, Australia

A

Anonymous

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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

Loading...

Loading...

Loading...