Motorbike for my business

John

Nakuru, Kenya

100% repaid

Entrepreneur

Name

John

Member since

May 2015

On-time repayments

292 installments  •  68%

About Me

This is my 3rd Zidisha loan funding attempt.
Well, am not entirely new to the Zidisha family, but I will introduce myself once again for the new Zidisha members. I am Kenyan by nationality and my names are John Thiaro. I come from Kenya which is famous for the world-renowned athletes Joyce Chepchumba, Paul Tergat, Vivian Cheruiyot, Philip Boit and many others who have won numerous awards internationally like the Boston marathon, Olympics and so forth.

I was born and raised up in a town known as Nakuru which is approximately 125 miles from our capital city of Nairobi. Nakuru is the 4th largest town in Kenya.

We are a family of 8, 5 brothers and 3 sisters. My parents are retired police officers, but my father passed on in 2010.

I am the 6th born in our family and the youngest amongst the boys (or men if you like as we are all grown up).

I have a family that who include my loving wife Mercy and 2 daughters and a boy. Kathy - 7 years, Emilly - 5 years and Jerry - 7 months.

I am very passionate about nature and conservation and I love wildlife safaris, am a trained safari-guide and have worked in several of our wildlife conservation areas such as Maasai Mara and other parks. Ornithology is a hobby I dearly love and enjoy.

My Business

Currently, my main business is keeping of chicken both for meat - broilers, and for eggs layers. The chicken for eggs are both hybrid and free-range chicken as the my customers love both of this varieties.

I want to become a broker for chicken eggs and chicken meat to be supply to hotels, schools and large institutions.

Due to the rapid expansion of my business, I bought a Motorbike with my 5th Zidisha loan. This has really assisted my business as I got to supply my products where I previously could not be able to.

My profits have since increased by more than 70% and am very very grateful to all Zidisha lenders. My families lifestyle has changed for the better and each new day is a blessing to us.

I am able to pay our 2 children's school fees, cloth and cater for their day to day effortlessly because of my business whose foundation is Zidisha!

As I had informed you earlier, the expansion of my chicken and eggs supply as has made me have about triple the number of customers I had when I started this business. With the availability of the van, I will easily be able to offer chicken products in a diversified market at a more competitive price than that of other business-men in the same work.

This has necessitated me to not only source the products from my farm but also outsource from other farmers as I cannot cope with the high demand.

This is the reason, I was planning that with the able and good Zidisha lenders, I will make this a reality by purchasing a station wagon or van if you like. The most popular in my country are Toyota Probox or Toyota Succeed. This a hardy vehicle which is relatively cheaper than other models and consumes very little fuel.

The vehicle's maintenance is low and when you fold the rear seat, I will be able to supply my goods to various hotels in town and the outskirts of my town.

I will then resell the motorbike and add a little of my savings towards achieving this goal.

Loan Proposal

Hallo Lenders and Zidisha staff!

I am happy to let you know that I have successfully repaid my 4th Zidisha loan used to for Purchase of an Automatic Egg incubator.

This project I must say was very successful from the word go! I was able to add value to the eggs that I produced and most new upcoming farmers were happy to buy chicks from me because I also offered them free advice on how to venture into poultry related business/farming.

Through incubation alone, I was able to increase my profits by more than 50% as and this enabled me to meet most of my financial obligations and it the reason why I increased my loan repayment as the business had improved alot.

The challenge that I am now facing is transportation of goods and for myself.

My business is engaged in poultry related issues and I therefore sell:-

1. Chicken feed
2. Eggs for both incubation and for consumption
3. Breeding hens and cocks for poultry projects.
4. Poultry chicken for consumption
5. Selling day old chicks
6. Manure.

This is the reason I was now applying for the 5th loan to purchase a new motorcycle as this will enable me to be efficient in my operations, and at the same time, cut expenses that I incur in terms of transportation costs.

The motorcycle will be instrumental in transporting of chicken feed that I produce, eggs,chicks and chicken for consumption for orders to customers which will be good for me and my clients.

I will also be using the same motorbike to take my two children to school in the morning and getting them back in the evening; the list is endless.

The amount I used for transport in my business totals to about $100 per month, and this is a lot of money given that my business is still expanding.

LOAN PROPOSAL

The loan proposal for purchase of a motorbike is as follows:-

1. New Haojin Motorbike.......................$1000
2. One year comprehensive insuarance..........$200
3. Other accesories (riding jacket, helmet, riding boots and fuel........$100
4. Miscellneous cost......................$150

TOTAL:- $1,450

It is my sincere hope that once again, you will support me in this endevor and I want to thank you in advance.

John Thiaro.

Feedback

4

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,463.00

Date disbursed

Mar 20, 2017

Repayment status

On Time

Projected term

12 months

Lenders

ElWal

Kirn, Germany

F

flaguy999

Tampa, United States

Freewolf

Salt Lake City, United States

Paul Buchheit

Mountain View, United States

D

DandS

United States

Fred

Germany

I

Ian

United Kingdom

Diego

Monza, Italy

P

Peter

Bratislava, Slovakia

R

Ryan

United States

E

EABF

Netherlands

K

Konstantine

Prokopievsk, Russia

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

M

Mary

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

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  • Rod Scholl    May 6, 2021

    Hi, John. I've come back after many years to check on you. I see your business has grown and you have a car too. I'm happy for you.

    I have an idea/contact to help your business. Can you contact me at [email protected]. I was a lender on your first Zidisha loan (and a few others) but have been away and missed the chance to help on this latest loan.

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  • John    Feb 13, 2021

    The option of adjusting the installment amount has not been transparent lately. The problem is that the lowest figure one can choose from is already too high - about $12.00

    This makes payment become a problem and this means lenders default because they cannot afford the lowest amount to be paid out.

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  • Janice    Feb 1, 2021

    John has a problem with his account,as he cannot reduce his weekly amount to his favourable amount. He requested to make payment soon.

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  • John    Jan 30, 2021

    The adjustment option does not allow amounts that one can be able to afford! The adjustable amounts are too high, please reduce the scroll down menu options.

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  • Janice    Dec 29, 2020

    John is still willing to repay his loan as scheduled, only that his business condition is worse at the moment.

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  • John    Nov 30, 2020

    .

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  • Janice    Nov 26, 2020

    He promised to reschedule his new payment plan to pay loan weekly and on time.

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  • John    Oct 10, 2020

    Times are hard.

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  • John    Aug 23, 2020

    Things are tight.

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  • John    Jul 4, 2020

    Business is quite low.

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  • John    May 26, 2020

    Will adjust when things are okay.

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  • John    Apr 18, 2020

    Times are a little difficult.

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  • John    Mar 10, 2020

    Difficult economic times.

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  • John    Feb 4, 2020

    Times are hard but we are working to improve everything.

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  • John    Dec 31, 2019

    I will pay my loans

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  • John    Oct 7, 2019

    .

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  • John    Aug 27, 2019

    Will update my payment later.

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  • John    Jul 16, 2019

    Will adjust

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  • John    May 27, 2019

    Will update to large amounts later.

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  • (Comment deleted by author)

    • John    Mar 14, 2019

      Thanks for the advice Laurie, will do so in future.

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    • John    Apr 18, 2019

      I always post comments that the lenders provide, I have absolutely no reason not to do so.

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