Loan to buy a used motorbike for supplies

Vincent

Kahawa, Kenya

23% repaid

Entrepreneur

Name

Vincent

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

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Loan Info

Project Type

Classic Loan

Disbursed amount

$342.00

Date disbursed

May 10, 2016

Repayment status

Late

Projected term

51 months

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 project, share news and photos of your own, or send a simple note of thanks or inspiration.

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Summary

Amount repaid

$81.70

Amount remaining

$277.41

Expected completion

Jul 29, 2020

Status

Repaying late

Installment amount

$1.51

Repayment History

Expected Payments Actual Payments
May 18, 2016 $8.07 May 18, 2016 $8.07
May 25, 2016 $8.07 Jun 1, 2016 $8.07
Jun 1, 2016 $0.00
Jun 8, 2016 $3.53 Jun 14, 2016 $3.53
Jun 15, 2016 $3.53 Jun 14, 2016 $3.53
Jun 22, 2016 $3.53 Jun 14, 2016 $1.01
Jun 16, 2016 $2.52
Jun 29, 2016 $3.53 Jun 16, 2016 $1.51
Jun 27, 2016 $2.02
Jul 6, 2016 $3.53 Jun 27, 2016 $3.03
Jul 4, 2016 $0.50
Jul 13, 2016 $3.53 Jul 4, 2016 $3.53
Jul 20, 2016 $3.53 Jul 4, 2016 $1.01
Jul 22, 2016 $2.52
Jul 27, 2016 $3.53 Jul 22, 2016 $1.01
Jul 26, 2016 $2.52
Aug 3, 2016 $3.53 Jul 26, 2016 $0.50
Aug 20, 2016 $3.03
Aug 10, 2016 $0.50 Aug 20, 2016 $0.50
Aug 17, 2016 $0.00
Aug 24, 2016 $1.51 Aug 25, 2016 $1.51
Aug 31, 2016 $1.51 Aug 25, 2016 $0.50
Sep 9, 2016 $1.01
Sep 7, 2016 $1.51 Sep 9, 2016 $1.01
Sep 10, 2016 $0.50
Sep 14, 2016 $1.51 Sep 10, 2016 $0.50
Sep 16, 2016 $1.01
Sep 21, 2016 $1.51 Sep 16, 2016 $1.51
Sep 28, 2016 $1.51 Sep 16, 2016 $0.50
Sep 29, 2016 $1.01
Oct 5, 2016 $1.51 Sep 29, 2016 $1.51
Oct 12, 2016 $1.51 Sep 29, 2016 $1.51
Oct 19, 2016 $1.51 Oct 19, 2016 $1.51
Oct 26, 2016 $1.51 Oct 19, 2016 $1.51
Nov 2, 2016 $1.51 Nov 5, 2016 $1.51
Nov 9, 2016 $1.51 Nov 5, 2016 $1.51
Nov 16, 2016 $1.51 Dec 6, 2016 $1.51
Nov 23, 2016 $1.51 Dec 6, 2016 $1.51
Nov 30, 2016 $1.51 Jul 12, 2017 $1.51
Dec 7, 2016 $1.51 Jul 12, 2017 $0.50
Jun 22, 2023 $1.01
Dec 14, 2016 $1.51 Jun 22, 2023 $1.51
Dec 21, 2016 $1.51 Jun 22, 2023 $1.51
Dec 28, 2016 $1.51 Jun 22, 2023 $1.01
Jun 29, 2023 $0.50
Jan 4, 2017 $1.51 Jun 29, 2023 $1.51
Jan 11, 2017 $1.51 Jun 29, 2023 $1.51
Jan 18, 2017 $1.51 Jun 29, 2023 $1.51
Jan 25, 2017 $1.51
Feb 1, 2017 $1.51
Feb 8, 2017 $1.51
Feb 15, 2017 $1.51
Feb 22, 2017 $1.51
Mar 1, 2017 $1.51
Mar 8, 2017 $1.51
Mar 15, 2017 $1.51
Mar 22, 2017 $1.51
Mar 29, 2017 $1.51
Apr 5, 2017 $1.51
Apr 12, 2017 $1.51
Apr 19, 2017 $1.51
Apr 26, 2017 $1.51
May 3, 2017 $1.51
May 10, 2017 $1.51
May 17, 2017 $1.51
May 24, 2017 $1.51
May 31, 2017 $1.51
Jun 7, 2017 $1.51
Jun 14, 2017 $1.51
Jun 21, 2017 $1.51
Jun 28, 2017 $1.51
Jul 5, 2017 $1.51
Jul 12, 2017 $1.51
Jul 19, 2017 $1.51
Jul 26, 2017 $1.51
Aug 2, 2017 $1.51
Aug 9, 2017 $1.51
Aug 16, 2017 $1.51
Aug 23, 2017 $1.51
Aug 30, 2017 $1.51
Sep 6, 2017 $1.51
Sep 13, 2017 $1.51
Sep 20, 2017 $1.51
Sep 27, 2017 $1.51
Oct 4, 2017 $1.51
Oct 11, 2017 $1.51
Oct 18, 2017 $1.51
Oct 25, 2017 $1.51
Nov 1, 2017 $1.51
Nov 8, 2017 $1.51
Nov 15, 2017 $1.51
Nov 22, 2017 $1.51
Nov 29, 2017 $1.51
Dec 6, 2017 $1.51
Dec 13, 2017 $1.51
Dec 20, 2017 $1.51
Dec 27, 2017 $1.51
Jan 3, 2018 $1.51
Jan 10, 2018 $1.51
Jan 17, 2018 $1.51
Jan 24, 2018 $1.51
Jan 31, 2018 $1.51
Feb 7, 2018 $1.51
Feb 14, 2018 $1.51
Feb 21, 2018 $1.51
Feb 28, 2018 $1.51
Mar 7, 2018 $1.51
Mar 14, 2018 $1.51
Mar 21, 2018 $1.51
Mar 28, 2018 $1.51
Apr 4, 2018 $1.51
Apr 11, 2018 $1.51
Apr 18, 2018 $1.51
Apr 25, 2018 $1.51
May 2, 2018 $1.51
May 9, 2018 $1.51
May 16, 2018 $1.51
May 23, 2018 $1.51
May 30, 2018 $1.51
Jun 6, 2018 $1.51
Jun 13, 2018 $1.51
Jun 20, 2018 $1.51
Jun 27, 2018 $1.51
Jul 4, 2018 $1.51
Jul 11, 2018 $1.51
Jul 18, 2018 $1.51
Jul 25, 2018 $1.51
Aug 1, 2018 $1.51
Aug 8, 2018 $1.51
Aug 15, 2018 $1.51
Aug 22, 2018 $1.51
Aug 29, 2018 $1.51
Sep 5, 2018 $1.51
Sep 12, 2018 $1.51
Sep 19, 2018 $1.51
Sep 26, 2018 $1.51
Oct 3, 2018 $1.51
Oct 10, 2018 $1.51
Oct 17, 2018 $1.51
Oct 24, 2018 $1.51
Oct 31, 2018 $1.51
Nov 7, 2018 $1.51
Nov 14, 2018 $1.51
Nov 21, 2018 $1.51
Nov 28, 2018 $1.51
Dec 5, 2018 $1.51
Dec 12, 2018 $1.51
Dec 19, 2018 $1.51
Dec 26, 2018 $1.51
Jan 2, 2019 $1.51
Jan 9, 2019 $1.51
Jan 16, 2019 $1.51
Jan 23, 2019 $1.51
Jan 30, 2019 $1.51
Feb 6, 2019 $1.51
Feb 13, 2019 $1.51
Feb 20, 2019 $1.51
Feb 27, 2019 $1.51
Mar 6, 2019 $1.51
Mar 13, 2019 $1.51
Mar 20, 2019 $1.51
Mar 27, 2019 $1.51
Apr 3, 2019 $1.51
Apr 10, 2019 $1.51
Apr 17, 2019 $1.51
Apr 24, 2019 $1.51
May 1, 2019 $1.51
May 8, 2019 $1.51
May 15, 2019 $1.51
May 22, 2019 $1.51
May 29, 2019 $1.51
Jun 5, 2019 $1.51
Jun 12, 2019 $1.51
Jun 19, 2019 $1.51
Jun 26, 2019 $1.51
Jul 3, 2019 $1.51
Jul 10, 2019 $1.51
Jul 17, 2019 $1.51
Jul 24, 2019 $1.51
Jul 31, 2019 $1.51
Aug 7, 2019 $1.51
Aug 14, 2019 $1.51
Aug 21, 2019 $1.51
Aug 28, 2019 $1.51
Sep 4, 2019 $1.51
Sep 11, 2019 $1.51
Sep 18, 2019 $1.51
Sep 25, 2019 $1.51
Oct 2, 2019 $1.51
Oct 9, 2019 $1.51
Oct 16, 2019 $1.51
Oct 23, 2019 $1.51
Oct 30, 2019 $1.51
Nov 6, 2019 $1.51
Nov 13, 2019 $1.51
Nov 20, 2019 $1.51
Nov 27, 2019 $1.51
Dec 4, 2019 $1.51
Dec 11, 2019 $1.51
Dec 18, 2019 $1.51
Dec 25, 2019 $1.51
Jan 1, 2020 $1.51
Jan 8, 2020 $1.51
Jan 15, 2020 $1.51
Jan 22, 2020 $1.51
Jan 29, 2020 $1.51
Feb 5, 2020 $1.51
Feb 12, 2020 $1.51
Feb 19, 2020 $1.51
Feb 26, 2020 $1.51
Mar 4, 2020 $1.51
Mar 11, 2020 $1.51
Mar 18, 2020 $1.51
Mar 25, 2020 $1.51
Apr 1, 2020 $1.51
Apr 8, 2020 $1.51
Apr 15, 2020 $1.51
Apr 22, 2020 $1.51
Apr 29, 2020 $1.51
May 6, 2020 $1.51
May 13, 2020 $1.51
May 20, 2020 $1.51
May 27, 2020 $1.51
Jun 3, 2020 $1.51
Jun 10, 2020 $1.51
Jun 17, 2020 $1.51
Jun 24, 2020 $1.51
Jul 1, 2020 $1.51
Jul 8, 2020 $1.51
Jul 15, 2020 $1.51
Jul 22, 2020 $1.51
Jul 29, 2020 $0.54

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