Buy replacement parts and renew license for motorbike taxi
Dennis
Siaya, Kenya
75% repaid
Entrepreneur
Name
Dennis
Member since
February 2014
On-time repayments
28 installments • 21%
About Me
I AM A MARRIED MAN I COME FROM BORO DIVISION AND LOCATION IS CENTRAL ALEGO SIAYA DISTRICT. I AM 29 YEARS OF AGE. I COULD NOT CONTINUE WITH SCHOOL DUE TO LACK OF SCHOOL FEES. THEREFORE I DID SOME FARMING OF MAIZE, BEANS SOLD AND THEN GOT MONEY AND I MANAGED TO BUY MOTORBIKE THAT AM USING IN BODABODA BUSINESS. AFTER GETING GOOD PROFIT I BEGUN A SMALL MOTORBIKE SPAREPARTS SHOP WHICH I OPERATE TOGETHER WITH THW BODABODA. THESE GIVE ME MONEY TO SUPPORT MY FAMILY FROM THE EARNINGS I GET. THIS IS WHAT I WILL ALSO USE TO REPAY MY ZIDISHA LOAN.
My Business
MY BUSINESS PROPOSAL: I DEAL WITH BODABODA AT THE SAME TIME I HAVE A RETAIL SHOP THAT DEALS WITH MOTORBIKE SPARE PART EG OIL, GREASE, SPROKETS, ENGINE SPARE PARTS. I BUY THE ON WHOLESALE FROM KISUMU THEN I RETAIL THEM AT MY SHOP.MOST OF MY BODABODA FRIENDS ARE MY CUSTOMERS. I NORMALLY GIVE THEM SPARE PARTS AT A GOOD PRICE. MOST OF TIME MY BUSINESS HAS A HIGH COMPETATION SINCE WE HAVE VERY FEW SPARE PARTS SHOPS SO THE DEMAND IS VERY HIGH. I MAKE A PROFIT OF 400 PER DAY FROM THE BODA BODA BUSINESS DAILY AFTER DEDUCTIONS. MY COSTS INCLUDE RENT, SALARIES, TAX AND MAINTENANCE.
Loan Proposal
i will use the money to buy 2 tubes for my bike costing 550/= i wiil then buy one tyre 3800/= i will then pay renew my licence 5000/=this will mean my business will continue well and my income to pay zidisha loan will be maitaine because my customers will all come back especialy the ones i carry daily from work payment day
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Mar 27, 2014
Repayment status
Late
Projected term
6 months
Lenders
Jake Gibson and Beverly Picardo
San Francisco, United States
Summary
Amount repaid
$118.08
Amount remaining
$38.91
Expected completion
Oct 9, 2014
Status
Repaying late
Installment amount
$5.61
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Apr 3, 2014 | $5.61 | Apr 9, 2014 | $5.61 |
| Apr 10, 2014 | $5.61 | Apr 14, 2014 | $5.61 |
| Apr 17, 2014 | $5.61 | Apr 19, 2014 | $5.61 |
| Apr 24, 2014 | $5.61 | May 2, 2014 | $5.61 |
| May 1, 2014 | $5.61 | May 16, 2014 | $5.61 |
| May 8, 2014 | $5.61 | May 16, 2014 | $0.86 |
| May 21, 2014 | $4.75 | ||
| May 15, 2014 | $5.61 | May 21, 2014 | $1.13 |
| Jun 1, 2014 | $4.48 | ||
| May 22, 2014 | $5.61 | Jun 1, 2014 | $1.99 |
| Jun 9, 2014 | $3.62 | ||
| May 29, 2014 | $5.61 | Jun 9, 2014 | $0.73 |
| Jun 24, 2014 | $4.88 | ||
| Jun 5, 2014 | $5.61 | Jun 24, 2014 | $1.00 |
| Jul 17, 2014 | $4.61 | ||
| Jun 12, 2014 | $5.61 | Jul 17, 2014 | $5.61 |
| Jun 19, 2014 | $5.61 | Jul 17, 2014 | $5.61 |
| Jun 26, 2014 | $5.61 | Jul 17, 2014 | $5.61 |
| Jul 3, 2014 | $5.61 | Jul 17, 2014 | $5.61 |
| Jul 10, 2014 | $5.61 | Jul 17, 2014 | $5.61 |
| Jul 17, 2014 | $5.61 | Jul 17, 2014 | $5.56 |
| Aug 26, 2014 | $0.05 | ||
| Jul 24, 2014 | $5.61 | Aug 26, 2014 | $5.61 |
| Jul 31, 2014 | $5.61 | Aug 26, 2014 | $0.22 |
| Aug 30, 2014 | $5.39 | ||
| Aug 7, 2014 | $5.61 | Aug 30, 2014 | $5.20 |
| Sep 19, 2014 | $0.41 | ||
| Aug 14, 2014 | $5.61 | Sep 19, 2014 | $5.61 |
| Aug 21, 2014 | $5.61 | Sep 19, 2014 | $5.61 |
| Aug 28, 2014 | $5.61 | Sep 19, 2014 | $0.13 |
| Sep 4, 2014 | $5.61 | ||
| Sep 11, 2014 | $5.61 | ||
| Sep 18, 2014 | $5.61 | ||
| Sep 25, 2014 | $5.61 | ||
| Oct 2, 2014 | $5.61 | ||
| Oct 9, 2014 | $5.47 | ||
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