New motorbike taxi & bricks to build a home

Vincent Kenanda

Kisii Town, Bomwada, Kenya

13% repaid

Entrepreneur

Name

Vincent Kenanda

Location

On-time repayments

160 weekly installments  •  44%

About Me

My names are Vincent Momanyi Kenanda, I was born in Kisii County, Kisii South District, Suneka Division, Bogiakumu Location, Bomwanda Sub-location, Kenyambi Village,I was born on 26/1983, and I joined primary school that I completed in 1999 and got my Primary certificate. In the year 2000 I joined Gusii Highlights Secondary School and completed in the year 2003. Year 2004 I joined my College where I did Information Technology and got my Certificate in 2005. In 2009 I started my business as Internet Cyber cafe and 2010 collapsed when I got road accident that broke both my legs and stayed long months in Hospital and the business was sold.

I am a married man with my beloved wife Abigael, we have 4 kids three grils and a last born boy. The three os my kids are in school at St. Benedict Academy Kisii Town, Next to The Stephens Hotel.

My Business

I am currently having 2 TVS motorbikes for mainly for business as mode of transport within the Kisii County Municipality, this type of business has a high demand because the motorbike are very convenient compared to mini buses and taxis and also cheap within short routes compared the prices to a taxi. My customers prefer my business because my riders are experienced and have Licence, they are also maintaining hygiene in terms of cleanness, both themselves and the motorbike, The motorbikes are also installed with a radio system that most customers like to be entertained while on ride.

This business is profitable because of daily fixed amount I make from each Motorbike out of this money I spend 800 for the service every after 2 weeks. The risks which are their is that if you do not follow up and inspect the riders during the service day, they will not take the motorbike instead they will consume the money and inform you that the service is done and therefore through this way the Motorbike will be at risk to spoil the Engine due to lack of old oil replacement and other crucial parts.

I want to add more 2 Motorbikes once I get a loan as gradually my limit loan will be increasing as I will committe myself to repay in time, in this way am also creating job opportunities for young and Ambitious men who are above 18 years old without a job.

Loan Proposal

Dearest Lenders,
I am very much thankful for all your support to my previous loan and now it has reached a time that am requesting you all again to support me raise another loan which have posted the bid online and my proposal is as follows:-

Transportation

*Honda Motorcycle 1 Pc @ KES 98,000 - USD $1,105.56
*Comprehensive Insurance 1 year @ KES 10,000 - USD $112.812
Total = KES 108,000 - $1,218.37

Construction of a New House
*Bricks 1 pc @ KES 10x4000pcs = 40,000 -USD $451.248
*Loading & offloading of bricks 8,000 - USD $90.2496
*Transport @ KES 14,000 - USD $157.937
*Total = KES 62,000 - USD $699.434

TOTAL PROPOSED BUDGET = KES 170,000 - USD $1,917.80

Once again am very much thankful for your heartfelt support and through this support it has builded my life and family a step a head.

Thank you all.

Regards
Vincent VM Kenya

Feedback

6

None

None

  • memorissima    Dec 5, 2014

    Vincent is a 100% Trustable entrepreneur!
    Always repaying on time!
    Never going too far!

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  • stanbogdanov    Aug 8, 2014

    Well repaid!

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  • Isak Maaseide    Apr 22, 2014

    Loan fully repaid well ahead of schedule.

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  • Pierfausto    Apr 14, 2014

    Positive experience.

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    • Vincent Kenanda    Apr 21, 2014

      Thank you Pierfausto for lending me and I always promise to repay in time. I always request you for your lending whenever I am raising my loan thank you.

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  • howard    Mar 12, 2014

    A very late thank you Vincent for your repayment.

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    • Vincent Kenanda    Apr 21, 2014

      Hello Howard, I would like to thank you for your support towards your lending nd indeed your loan helped me so much, I always request you to keep supporting me whenever am raising my loan.
      Regards

      Vincent

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  • Sirko    Mar 6, 2014

    Thank you Vincent, for repaying the loan in time.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,853.31

Date disbursed

Dec 15, 2014

Repayment status

Late

Projected term

29 months

Cost to entrepreneur

Lender interest: $1,853.31 at 6.69% annual rate over 29 months = $300.09

Service fee: $1,853.31 at 5% annual rate over 29 months = $621.69

Lenders

M

marycb

United States

investor

Candiac, Canada

Kitty

Hailsham, United Kingdom

Kylie

Mount Martha, Australia

S

shaynic

Glastonbury, CT, United Kingdom

COOPITALIST

Toronto, Canada

Lawrence J

Winnipeg, Canada

evinpa

United States

E

elkbrett

Bradenton, United States

Kysera

Crawfordsville, United States

J

jjonas

berlin, Germany

S

SeanWolfPack

Raleigh, United States

G

graememoss

Amsterdam, Netherlands

Landei

Sandersdorf-Brehna, Germany

Myrar

Aarau, Switzerland

A

Aleks

Oslo, Norway

H

HildeK

Rogaland, Norway

1

1dancer

Irvine, CA, United States

ads68

Melbourne, Australia

T

tkromm

Agia Paraskevi, Greece

E

eboleaga

Mexico City, Mexico

basicus

Cairo, Egypt

fairspirit

Utrecht, Netherlands

camilberlin

Berlin, Germany

Delphis2k

Birmingham, United Kingdom

Hedwich

Gorssel, Netherlands

D

diza2722

NSW, Australia

jan73

Eugene, Oregon, United States

D

Dealbert

Stockholm, Sweden

E

Evanstia

Lakewood, United States

Kristrun Tinna

Reykjavik, Iceland

Sirko

Brandenburg An Der Havel, Germany

J

jinx83

Brisbane, Australia

C

curtains4u

North Kansas City, United States

pvilliger

Zurich, Switzerland

M

Malibu

Westwood, United States

S

spivurno

United States

M

meric

Australia

C

Chad

United States

B

Badaudio

United Kingdom

J

jbhernan

United States

Agerfar

Aarhus, Denmark

Vesa

Helsinki, Finland

Leonardia

Waddinxveen, Netherlands

J

jocor

Germany

tricia190

Liverpool, United Kingdom

J

jayne62

Australia

S

stryker75

United States

L

Lagrange

United States

SV

sven vdk

Twickenham, United Kingdom

P

Pharmakon33

United States

adrianz

United States

D

dmorley

United States

J

johnrmeier

United States

SE

Sven E

Mannheim, Germany

John Altimate

Staffordshire, United Kingdom

T

Tom

Germany

SK

Scott Kregel

United States

J

Jane

United States

HS

Hayley Summers

United Kingdom

Bernd Knabe

Dortmund, Germany

CG

Cathy Gill

Baltimore, Maryland, United States

Zain Haq

Chicago, United States

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