Purchasing of motorcycle spares to start motorcycle garage

Peter

Juja, Kenya

100% repaid

Entrepreneur

Name

Peter

Member since

September 2014

On-time repayments

79 installments  •  46%

About Me

I am the first born in a family of 6 siblings. 2 girls and 4 boys, after I completed my secondary studies I didn't proceed due to lack of funds, so I joined a carpentry course and became a Carpenter. I started saving from small earning I was getting out of Carpentry work which was also very scarce, and in the year 2010, I shifted from that work and was employed as a motor bike rider popularly known as "BODABODA" to be carrying passenger from their respective homes to the main stage so that they can board vehicles to their various areas of their work. After working resiliently for 2 years I bought my first motor bike in the year 2012 and continued with the same job as mine. I have been able to meet my basic needs out of this business.

My Business

The business am still engaging in is operating a "BODABODA" or motor cycle transport services. At pick hours mostly morning and evening when people are going to and out of work, am able earn approximately 1000 Kshs and during the day when there is no many people moving am able to earn 500 Kshs on average; so at the end of the day on average I earn 1500 Kshs, that is approximately 15 dollars, when I less expenses for fuel and upkeep of around 600 am left with 900 Kshs, approximately 10 dollars. My plan is to secure a loan from Zidisha and maintain BODABODA garage to be doing servicing and also selling spare parts such as tires, lubricant oils and tube during the off-peak hours of the day to supplement the little earning I get from the "BodaBoda" business. With the earning I get form the current business, I can conveniently be able to pay back my loan as I invest the money on loan to expand, My dream has been to expand so as I can be able to assist my parents to educate our other siblings who are now in primary advance classes and in early classes in secondary school.I would like to became a champion entrepreneur in order to challenge youths to invest in to self employment instead of blaming the government for unemployment.
currently I doing well in my Motor bike garage business hoping to upload picture for my lenders to see my progress soon.
Thank you all, Thank you Zidisha

Loan Proposal

The loan am seeking from zidisha will assist me greatly, since I will combine with the little I have to buy lightweight motorcycle spare parts that will assist me greatly to start a Motorcycle garage.
This business has a great potential since there is no competitor currently and as a motorcycle transporter we normally suffer a lot due to problems like punctures and other small motorcycle mechanical problems. I would like to tap into this opportunity and harness all the benefits by starting this business as fast as possible as the first proprietor. I would like to assure the Zidisha team and lenders in general that I am able to service the amount borrowing through the current business I operate i.e. transport business using Motorcycle popularly known as Bodaboda.
Thank you my lenders, thank you Zidisha as you consider my humble request.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Dec 23, 2014

Repayment status

On Time

Projected term

2 months

Lenders

Zidisha

Sterling, United States

McJulio

New Jersey, United States

B

BClay

Campbell, United States

M

mkellerman

Shanghai, China

Zal0m0n

Atlantis!!!! x), Mauritania

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

H

harriet

United Kingdom

KM

Kirsty M

United Kingdom

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