New leafsprings and dampers for my vehicle

Andrew Maringa

Nairobi, Kenya

100% repaid



Andrew Maringa

Member since

January 2014

On-time repayments

131 installments  •  69%

About Me

I am a Christian, a family man and entrepreneur. I live in a suburb of the city of Nairobi, Kenya. It’s a pretty good, well developed, relatively safe area of the city and can also be termed as a satellite town of the city itself, as the suburb has developed into a shopping centre complete in itself in availability of services.

I am holder of an undergraduate degree in Information Systems & Technology and also undertaking a graduate program currently. Previously for nearly 10 years, I was in paid employment in the transport service industry till about 9 years ago when I decided to venture out on my own in the same industry. And today, I run my own small car hire business. It is not much at the moment but it is growing and does put bread and butter on my family's table and pays rent.

My Business

Today, I run my own small car hire business. It is not much at the moment but it is growing . The market for car hire services is broad and therefore available in spite of stiff competition. I do offer competent services based on well maintained and serviced vehicles that are reliable, an ingredient that is basic to success in this industry. And I am therefore able to stay ahead of the competition by maintaining a steady stream of clients.

Risks to the business are really not much, other than vehicle breakdowns which are an interruption to the business cycle as it may take time to put the vehicle back on the road. This results in loss of business within that layoff period. However this is manageable with express repair and maintenance services from my very able and reliable garage and mechanics.

Also, seeing as how the vehicles are now chauffeur driven, the risk of clients disappearing with the vehicle has become lower and a tracking system in the car lowers this risk even further.

On an average month, my business generates in excess of US$2,100 in revenues. The running costs range between US$900 – US$1,000. That leaves profits of US$US$1,200 – US$1,100 a month. I am making good strides and very pleased about it.

Loan Proposal

Hello dear lenders,
I have a new project in the works.
This is a Mitsubishi L200 4X4 (see the pics) that I have been blessed with by a brother. I will pay him for use and value of the car over time. I intend to add it my current fleet and expand my services. The vehicle is in high demand, especially for transportation in the remote parts of my country where good roads are a rarity if not nonexistent. Many of the Non-Governmental organisations (NGO’s) and companies that operate in such remote areas lease vehicles such as this one. It’s my intention to extend my reach in providing services to such organisations and individual beginning with this vehicle.
The reason I am seeking for another loan is to be able to install a new set of rear leaf springs and dampers, specially crafted for use on roads that are not all weather roads. This will extend the life of the car and reduce the cost of maintenance over time that comes with the installation of poor parts. The cost of the two sets of leaf springs is about US$105 (Kes10,000). The cost of a set of Dumpers (Shock Absorbers) is about US$145 (Kes14,000).
My research indicates that on a given month that the vehicle will be on lease for at least twenty (20) days at a cost of US$83 per day, this will translate to a return of US$1,667 (Kes160,000) monthly. Total expenses (Drivers Salary, Allowances and Vehicle Maintenance) will come to about US$729 (Kes70,000) monthly. The net return will be about US$938 (Kes90,000). (Calculation is based on the current exchange of Kes96 to US$1).
Of course, the vehicle may work for a full month or several months continuously and not just the twenty days in a month indicated above. The returns may be much higher than indicated here, so my figures are rather conservative. But even then, I will be having enough margins to be able to repay the total amount of the loan comfortably.
I will be most grateful for your assistance to me to be able to achieve my goal of putting this car to work. As you did come to my help with the first loan, I will not disappoint you my lenders this time around either.
Thank you for taking the time to read my proposal.





Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

Jun 1, 2015

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Service fee: $3.95




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  • Andrew Maringa    Sep 24, 2019

    cannot pay the previous amount till cash flow stabilises

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  • Andrew Maringa    Jul 30, 2019

    Business payment are late in coming in after invoicing has been done. Having cash flow issue thereof

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  • Andrew Maringa    May 28, 2019

    Hello Paul.
    Thank you very much for the funding. I really appreciate it.
    It is urgent for me to buy stuff as indicated in my loan proposal. And I can get back to market competitiveness soonest.
    God bless you.

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  • Andrew Maringa    Mar 22, 2019

    Hi dear lender(s). Glad you are all well.
    I thank you for lending to me yet another time. I did manage to have the vehicle repairs done albeit abit too slowly. Car is in good shape.
    Business was a bit slow. We as a country have been having a financial crunch and Government was not spending on project as usual. But now we are on a serious recovery process. Business is looking up and I and the vehicle are ready to roll to work.
    It is my hope that you will lend to me this time around also. Thank you for being there

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  • Andrew Maringa    Dec 29, 2018

    I have outstanding invoices for work done that have gone unpaid by clients for long now and this has messed up my cash flow enough not to be able to meet all my financial obligations as i was able to do before

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  • Andrew Maringa    Oct 28, 2018

    Dear lender,
    I apologise for not having made any payment lately. I have issue with our tax collector due to variances tax payment. I am not able to withdraw money from my account for now. And I will make full payment once access is restored
    Thank you God bless

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  • Andrew Maringa    Sep 29, 2018

    Thank you very much Jake Gibson and Beverly Picardo for agreeing to fund my loan. Am grateful for your confidence. God bless you both

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  • Andrew Maringa    Sep 29, 2018

    Hi lenders and Zidisha family,
    Sorry for the late updates. Was in the bundus again. Internet is still a luxury there unless one has a sat phone. I have today finally paid of my last loan repayment, though about 7 days late. I am very grateful my lender who as always has stepped up to fund my loan requests. Thank you very much. I hope to retain your favour in the future.
    God bless

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  • Andrew Maringa    Aug 24, 2018

    thank you Paul for funding my loan yet again, You are a gem and i appreciate your support.
    God bless

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  • Andrew Maringa    Aug 24, 2018

    Hi Dear lenders,
    I thank you for the past immediate funding of my loan request thats already fully paid. I bought the two tyres and the car is fully operational. Good tyres are important in this business as one can get stranded in the bush with a client if using worn out tyres.
    Bless you all

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  • Andrew Maringa    Jul 29, 2018

    Hi Paul Buchheit,
    Thank you for funding my loan. Am indeed very grateful as always.
    God bless

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  • Andrew Maringa    Jul 22, 2018

    Hello Lenders,
    Thank you yet again for having funded my previous loan application. I used the loan received to bridge the finance I needed to purchase two brand new tyres for my double cab successfully.
    I intend to request for additional funding from you all to purchase a fresh pair of new tires for the same vehicle this time around.

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  • Andrew Maringa    Jul 15, 2018

    Hello Lenders,
    Sorry for the late update. Been in the bundus for working. I received the funds in good time. I am very grateful to you all for finding me worthy of your trust with your money yet one more time. Yesterday, I did make the first re-payment installment.
    God bless you all

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  • Andrew Maringa    Jun 30, 2018

    Hi Lenders,
    Thank you for having funded my previous loan request that I have duly repaid back in full. As always, I am very grateful. The insurance for the vehicle is up and running, the vehicle is at work as I write this. And it is your invaluable assistance that has made this possible
    God bless you all

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  • Andrew Maringa    May 4, 2018

    Hi lenders, Zidisha family,
    I do hope that you are all well. I am great and enjoying every momment to the fullest. I am in the bundu's as usual. This time in the south of Kenya near the coast. And its rain heaven down here. Cant believe there can be so much rain, what with all the drought I have witnessed in the Northern parts of this country. Cattle dying, kids hungry, fights over pasture. ....
    Anyway, a big thank you once again for funding me this time around. I cannot wait to be done with this and request for new funding.
    God bless

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  • Andrew Maringa    Mar 7, 2018

    Hi dear lenders,
    Thank you for funding my loan application so resoundingly. I am grateful indeed. I received the loan and paid it in as part of the first installment for my vehicle insurance.
    God bless you all.

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  • Andrew Maringa    Mar 1, 2018

    Hi Lenders,
    Thank you for funding my application. Am very grateful indeed. Now I can get down to business,
    Thank you and God bless

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  • Andrew Maringa    Feb 28, 2018

    Loan application up and running. Thank you Flaguy999 for the vote of confidence. I am indeed very grateful. Looking forward to hitting target shortly.
    Thank you all and a blessed day to you.

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  • Andrew Maringa    Jan 24, 2018

    Hi Flaguy999,
    Thank you for funding my loan request. Am indeed grateful.
    Eight days to go. Very hopeful that you dear lenders will come through once again.
    God bless

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  • Andrew Maringa    Jan 2, 2018

    Hi Follks,
    Happy new year to you all. 9 days to go and counting. Still hopeful that you dear lenders will consider my proposal for your funding.

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