Loan to expand my motorbike business

James Wambugu

Ndenderu, Kenya

100% repaid

Entrepreneur

Name

James Wambugu

Member since

June 2014

On-time repayments

308 installments  •  81%

About Me

I am James Wambugu, a Kenyan IT professional, but with a passion for farming.
I was brought up in a rural setting, where indigenous chicken was reared as a hobby as opposed to a commercial venture. Am also venturing in the transport industry which has a lot of potential.
I am currently working as an IT officer with a logistics company, and at the same time rearing indigenous chicken at my rural home.
I am married, with two daughters.
During my free time, i watch a game of football with friends. I am a diehard fan of Arsenal FC.

My Business

The current pandemic has dealt a blow to many businesses and mine was no exception. My motorbikes were unable to bring in any income, as their hours of operation coincided with the curfew hours that was put in place by the government to curb the spread of Covid-19.
I had no option but to sell them.
This time, i want to buy land, with the objective of settling on it and doing commercial poultry farming. I have identified a piece of land that is in a strategic place. I have done due diligence and it is genuine. The land is costing $ 5,000.

Loan Proposal

If i get this loan, I am going to buy another motorbike. This will add to the previous motorbike that i bought with the previous loan. I will also sell the first motorbike, (That i had bought myself without the loan), because it is now more than two years old, and has started requiring more money for servicing.
The money i get from the loan and the sale of this old motorbike will be added together to buy the new motorbike. This will maintain my fleet at two.
I still hope to be able to generate 3 USD per motorbike daily, giving me a total of 6USD.
This will help me in repaying the loan and meeting other expenses like servicing, paying for insurance, and local government licenses.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$690.61

Date disbursed

Sep 23, 2017

Repayment status

On Time

Projected term

16 months

Cost to entrepreneur

Service fee: $28.95

Lenders

SuperMario28

Cudahy, United States

Mike and Jacqui

United Kingdom

NS

Natalie Stone

United States

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

Loading...

Summary

Amount repaid

$690.61

Amount remaining

$0.00

Date repaid

Dec 20, 2018

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Oct 1, 2017 $9.91 Oct 14, 2017 $9.91
Oct 8, 2017 $9.91 Oct 14, 2017 $9.91
Oct 15, 2017 $9.91 Oct 24, 2017 $9.91
Oct 22, 2017 $9.91 Oct 24, 2017 $9.91
Oct 29, 2017 $9.91 Nov 10, 2017 $9.91
Nov 5, 2017 $9.91 Nov 10, 2017 $9.91
Nov 12, 2017 $9.91 Nov 27, 2017 $9.91
Nov 19, 2017 $9.91 Nov 27, 2017 $9.91
Nov 26, 2017 $9.91 Nov 27, 2017 $9.91
Dec 3, 2017 $9.91 Dec 6, 2017 $9.91
Dec 10, 2017 $9.91 Dec 6, 2017 $9.91
Dec 17, 2017 $9.91 Dec 21, 2017 $9.91
Dec 24, 2017 $9.91 Dec 21, 2017 $9.91
Dec 31, 2017 $9.91 Dec 31, 2017 $9.91
Jan 7, 2018 $9.91 Dec 31, 2017 $9.91
Jan 14, 2018 $9.91 Jan 14, 2018 $9.91
Jan 21, 2018 $9.91 Jan 14, 2018 $9.91
Jan 28, 2018 $9.91 Feb 4, 2018 $9.91
Feb 4, 2018 $9.91 Feb 4, 2018 $9.91
Feb 11, 2018 $9.91 Feb 19, 2018 $9.91
Feb 18, 2018 $9.91 Feb 19, 2018 $9.91
Feb 25, 2018 $9.91 Mar 3, 2018 $9.91
Mar 4, 2018 $9.91 Mar 3, 2018 $9.91
Mar 11, 2018 $9.91 Mar 19, 2018 $9.91
Mar 18, 2018 $9.91 Mar 23, 2018 $9.91
Mar 25, 2018 $9.91 Mar 23, 2018 $9.91
Apr 1, 2018 $9.91 Apr 1, 2018 $9.91
Apr 8, 2018 $9.91 Apr 1, 2018 $9.91
Apr 15, 2018 $9.91 Apr 16, 2018 $9.91
Apr 22, 2018 $9.91 Apr 16, 2018 $9.91
Apr 29, 2018 $9.91 May 7, 2018 $9.91
May 6, 2018 $9.91 May 7, 2018 $9.91
May 13, 2018 $9.91 May 19, 2018 $9.91
May 20, 2018 $9.91 May 19, 2018 $9.91
May 27, 2018 $9.91 Jun 2, 2018 $9.91
Jun 3, 2018 $9.91 Jun 2, 2018 $9.91
Jun 10, 2018 $9.91 Jun 16, 2018 $9.91
Jun 17, 2018 $9.91 Jun 16, 2018 $9.91
Jun 24, 2018 $9.91 Jun 25, 2018 $9.91
Jul 1, 2018 $9.91 Jun 25, 2018 $9.91
Jul 8, 2018 $9.91 Jun 30, 2018 $9.91
Jul 15, 2018 $9.91 Jun 30, 2018 $9.91
Jul 22, 2018 $9.91 Aug 3, 2018 $9.91
Jul 29, 2018 $9.91 Aug 3, 2018 $9.91
Aug 5, 2018 $9.91 Aug 3, 2018 $9.91
Aug 12, 2018 $9.91 Aug 3, 2018 $9.91
Aug 19, 2018 $9.91 Aug 19, 2018 $9.91
Aug 26, 2018 $9.91 Aug 19, 2018 $9.91
Sep 2, 2018 $9.91 Aug 31, 2018 $9.91
Sep 9, 2018 $9.91 Aug 31, 2018 $9.91
Sep 16, 2018 $9.91 Sep 11, 2018 $9.91
Sep 23, 2018 $9.91 Sep 11, 2018 $9.91
Sep 30, 2018 $9.91 Sep 29, 2018 $9.91
Oct 7, 2018 $9.91 Sep 29, 2018 $9.91
Oct 14, 2018 $9.91 Oct 18, 2018 $9.91
Oct 21, 2018 $9.91 Oct 18, 2018 $9.91
Oct 28, 2018 $9.91 Oct 27, 2018 $9.91
Nov 4, 2018 $9.91 Oct 27, 2018 $9.91
Nov 11, 2018 $9.91 Oct 27, 2018 $9.91
Nov 18, 2018 $9.91 Nov 4, 2018 $9.91
Nov 25, 2018 $9.91 Nov 27, 2018 $9.91
Dec 2, 2018 $9.91 Nov 27, 2018 $9.91
Dec 9, 2018 $9.91 Dec 10, 2018 $9.91
Dec 16, 2018 $9.91 Dec 10, 2018 $9.91
Dec 23, 2018 $9.91 Dec 20, 2018 $9.91
Dec 30, 2018 $9.91 Dec 20, 2018 $9.91
Jan 6, 2019 $9.91 Dec 20, 2018 $9.91
Jan 13, 2019 $9.91 Dec 20, 2018 $9.91
Jan 20, 2019 $9.91 Dec 20, 2018 $9.91
Jan 27, 2019 $7.03 Dec 20, 2018 $7.03

Loading...