Purchase a motorbike to expand my transportation business
James
Mombasa, Kenya
84% repaid
Entrepreneur
Name
James
Member since
September 2015
On-time repayments
137 installments • 32%
About Me
I am a Kenya citizen born in Nyeri county of Mount Kenya region in 1988. I went to school in the same County up to form 4. After leaving school in 2007 I enrolled for a course in environmental management. I also studied accounts during my spare time and in 2010 I moved to Mombasa where I went to seek for employment.
I got a job with an Estate Agency firm where I got employed as a cahier. I have been working here for the past Four years.
After being employed I realized that the take home was not enough and decided to start a small business to supplement my income. I decided to get a loan from my parents to buy a Tuktuk for carrying passengers within Mombasa town so that I can make more money to better my leaving and eventually to quit employment and engage in full time business.
About where I come from, the land is unique in its surroundings and good weather. It is not far from Mount Kenya and one can easily make a trip to the slopes of Mt. Kenyan where there is a very good scenery.
Not yet married although the plans in the pipeline. I do love travelling, watching soccer and listening to music.
My Business
My business is purely on transport or commuter services. I have a Tuktuk which operates in town within Mombasa Island. It mainly carries passengers from the bus termini to other destinations within the town.
I chose this kind of business because I realized that in Mombasa town, some places are not easily accessible by Matatus, i.e. public service vehicles and as such people have to walk long distances to reach their destinations. With tuktuk you can access most areas in town especially where streets are narrow. At the same time I realized that the returns from this business are not that bad.
I make at least 450 US dollars per month. I use at least 300 US dollars to cater for fuel, driver and maintenance costs.
I use my profits to reinvest and part of it I do save so that I can be able to add another Tuktuk vehicle.
Loan Proposal
I will use the loan to buy a motorbike. I have a certain amount saved and i want to add his amount so that i can be able to purchase the same. The motorbike costs Ksh 110,000. I have ksh 80,000 and when i add this amount i will make the required figure.
By buying this bike i will be able to grow my business and this will help increase my financial base.
This can actually increase my profits by at least 15%.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$301.00
Date disbursed
May 8, 2016
Repayment status
Late
Projected term
26 months
Other loans
Lenders
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
Summary
Amount repaid
$265.67
Amount remaining
$50.39
Expected completion
Jul 1, 2018
Status
Repaying late
Installment amount
$2.02
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| May 15, 2016 | $5.04 | May 28, 2016 | $0.40 |
| Jun 3, 2016 | $4.64 | ||
| May 22, 2016 | $5.04 | Jun 3, 2016 | $5.04 |
| May 29, 2016 | $5.04 | Jun 3, 2016 | $5.04 |
| Jun 5, 2016 | $5.04 | Jun 3, 2016 | $0.40 |
| Jun 22, 2016 | $2.02 | ||
| Jun 24, 2016 | $2.62 | ||
| Jun 12, 2016 | $5.04 | Jun 24, 2016 | $5.04 |
| Jun 19, 2016 | $5.04 | Jun 24, 2016 | $4.94 |
| Jul 2, 2016 | $0.10 | ||
| Jun 26, 2016 | $5.04 | Jul 2, 2016 | $5.04 |
| Jul 3, 2016 | $5.04 | Jul 2, 2016 | $5.04 |
| Jul 10, 2016 | $5.04 | Jul 2, 2016 | $5.04 |
| Jul 17, 2016 | $5.04 | Jul 2, 2016 | $4.94 |
| Jul 9, 2016 | $0.10 | ||
| Jul 24, 2016 | $5.04 | Jul 9, 2016 | $1.92 |
| Aug 4, 2016 | $3.13 | ||
| Jul 31, 2016 | $5.04 | Aug 4, 2016 | $1.92 |
| Aug 9, 2016 | $3.03 | ||
| Aug 11, 2016 | $0.10 | ||
| Aug 7, 2016 | $5.04 | Aug 11, 2016 | $2.92 |
| Aug 15, 2016 | $2.12 | ||
| Aug 14, 2016 | $5.04 | Aug 15, 2016 | $0.91 |
| Aug 24, 2016 | $4.14 | ||
| Aug 21, 2016 | $5.04 | Aug 24, 2016 | $0.91 |
| Sep 3, 2016 | $4.14 | ||
| Aug 28, 2016 | $5.04 | Sep 3, 2016 | $5.04 |
| Sep 4, 2016 | $5.04 | Sep 3, 2016 | $0.91 |
| Sep 15, 2016 | $4.14 | ||
| Sep 11, 2016 | $5.04 | Sep 15, 2016 | $0.91 |
| Sep 24, 2016 | $0.20 | ||
| Sep 26, 2016 | $3.93 | ||
| Sep 18, 2016 | $5.04 | Sep 26, 2016 | $5.04 |
| Sep 25, 2016 | $5.04 | Sep 26, 2016 | $1.11 |
| Oct 8, 2016 | $3.93 | ||
| Oct 2, 2016 | $5.04 | Oct 8, 2016 | $1.11 |
| Oct 18, 2016 | $1.51 | ||
| Oct 29, 2016 | $2.42 | ||
| Oct 9, 2016 | $5.04 | Oct 29, 2016 | $0.61 |
| Nov 30, 2016 | $4.44 | ||
| Oct 16, 2016 | $5.04 | Nov 30, 2016 | $0.61 |
| Nov 30, 2016 | $4.44 | ||
| Oct 23, 2016 | $5.04 | Nov 30, 2016 | $5.04 |
| Oct 30, 2016 | $5.04 | Nov 30, 2016 | $5.04 |
| Nov 6, 2016 | $5.04 | Nov 30, 2016 | $5.04 |
| Nov 13, 2016 | $5.04 | Nov 30, 2016 | $0.61 |
| Dec 4, 2016 | $4.44 | ||
| Nov 20, 2016 | $5.04 | Dec 4, 2016 | $0.61 |
| Dec 12, 2016 | $4.44 | ||
| Nov 27, 2016 | $5.04 | Dec 12, 2016 | $0.61 |
| Dec 24, 2016 | $4.44 | ||
| Dec 4, 2016 | $5.04 | Dec 24, 2016 | $0.61 |
| Jan 1, 2017 | $4.44 | ||
| Dec 11, 2016 | $5.04 | Jan 1, 2017 | $0.61 |
| Jan 7, 2017 | $0.10 | ||
| Jan 7, 2017 | $4.34 | ||
| Dec 18, 2016 | $5.04 | Jan 7, 2017 | $0.71 |
| Jan 21, 2017 | $4.34 | ||
| Dec 25, 2016 | $5.04 | Jan 21, 2017 | $0.71 |
| Feb 2, 2017 | $2.22 | ||
| Feb 4, 2017 | $2.12 | ||
| Jan 1, 2017 | $2.92 | Feb 4, 2017 | $2.92 |
| Jan 8, 2017 | $0.00 | ||
| Jan 15, 2017 | $0.00 | ||
| Jan 22, 2017 | $0.00 | ||
| Jan 29, 2017 | $0.00 | ||
| Feb 5, 2017 | $0.00 | ||
| Feb 12, 2017 | $2.02 | Feb 8, 2017 | $2.02 |
| Feb 19, 2017 | $2.02 | Feb 8, 2017 | $2.02 |
| Feb 26, 2017 | $2.02 | Feb 8, 2017 | $1.01 |
| Feb 13, 2017 | $1.01 | ||
| Mar 5, 2017 | $2.02 | Feb 13, 2017 | $0.50 |
| Feb 21, 2017 | $1.51 | ||
| Mar 12, 2017 | $2.02 | Feb 21, 2017 | $0.50 |
| Apr 18, 2017 | $1.51 | ||
| Mar 19, 2017 | $2.02 | Apr 18, 2017 | $2.02 |
| Mar 26, 2017 | $2.02 | Apr 18, 2017 | $1.51 |
| May 17, 2017 | $0.50 | ||
| Apr 2, 2017 | $2.02 | May 17, 2017 | $2.02 |
| Apr 9, 2017 | $2.02 | May 17, 2017 | $2.02 |
| Apr 16, 2017 | $2.02 | May 17, 2017 | $0.50 |
| May 31, 2017 | $1.51 | ||
| Apr 23, 2017 | $2.02 | May 31, 2017 | $2.02 |
| Apr 30, 2017 | $2.02 | May 31, 2017 | $1.51 |
| Oct 28, 2017 | $0.50 | ||
| May 7, 2017 | $2.02 | Oct 28, 2017 | $2.02 |
| May 14, 2017 | $2.02 | Oct 28, 2017 | $2.02 |
| May 21, 2017 | $2.02 | Oct 28, 2017 | $2.02 |
| May 28, 2017 | $2.02 | Oct 28, 2017 | $2.02 |
| Jun 4, 2017 | $2.02 | Oct 28, 2017 | $0.50 |
| Nov 2, 2018 | $1.51 | ||
| Jun 11, 2017 | $2.02 | Nov 2, 2018 | $2.02 |
| Jun 18, 2017 | $2.02 | Nov 2, 2018 | $2.02 |
| Jun 25, 2017 | $2.02 | Nov 2, 2018 | $2.02 |
| Jul 2, 2017 | $2.02 | Nov 2, 2018 | $2.02 |
| Jul 9, 2017 | $2.02 | Nov 2, 2018 | $0.50 |
| Jan 24, 2019 | $1.51 | ||
| Jul 16, 2017 | $2.02 | Jan 24, 2019 | $2.02 |
| Jul 23, 2017 | $2.02 | Jan 24, 2019 | $2.02 |
| Jul 30, 2017 | $2.02 | Jan 24, 2019 | $2.02 |
| Aug 6, 2017 | $2.02 | Jan 24, 2019 | $0.50 |
| Feb 16, 2019 | $1.51 | ||
| Aug 13, 2017 | $2.02 | Feb 16, 2019 | $2.02 |
| Aug 20, 2017 | $2.02 | Feb 16, 2019 | $2.02 |
| Aug 27, 2017 | $2.02 | Feb 16, 2019 | $2.02 |
| Sep 3, 2017 | $2.02 | Feb 16, 2019 | $2.02 |
| Sep 10, 2017 | $2.02 | Feb 16, 2019 | $2.02 |
| Sep 17, 2017 | $2.02 | Feb 16, 2019 | $2.02 |
| Sep 24, 2017 | $2.02 | Feb 16, 2019 | $2.02 |
| Oct 1, 2017 | $2.02 | Feb 16, 2019 | $2.02 |
| Oct 8, 2017 | $2.02 | Feb 16, 2019 | $2.02 |
| Oct 15, 2017 | $2.02 | Feb 16, 2019 | $2.02 |
| Oct 22, 2017 | $2.02 | Feb 16, 2019 | $2.02 |
| Oct 29, 2017 | $2.02 | Feb 16, 2019 | $1.51 |
| Mar 4, 2019 | $0.50 | ||
| Nov 5, 2017 | $2.02 | Mar 4, 2019 | $2.02 |
| Nov 12, 2017 | $2.02 | Mar 4, 2019 | $2.02 |
| Nov 19, 2017 | $2.02 | Mar 4, 2019 | $2.02 |
| Nov 26, 2017 | $2.02 | Mar 4, 2019 | $2.02 |
| Dec 3, 2017 | $2.02 | Mar 4, 2019 | $2.02 |
| Dec 10, 2017 | $2.02 | Mar 4, 2019 | $2.02 |
| Dec 17, 2017 | $2.02 | Mar 4, 2019 | $2.02 |
| Dec 24, 2017 | $2.02 | Mar 4, 2019 | $2.02 |
| Dec 31, 2017 | $2.02 | Mar 4, 2019 | $2.02 |
| Jan 7, 2018 | $2.02 | Mar 4, 2019 | $1.51 |
| Jan 14, 2018 | $2.02 | ||
| Jan 21, 2018 | $2.02 | ||
| Jan 28, 2018 | $2.02 | ||
| Feb 4, 2018 | $2.02 | ||
| Feb 11, 2018 | $2.02 | ||
| Feb 18, 2018 | $2.02 | ||
| Feb 25, 2018 | $2.02 | ||
| Mar 4, 2018 | $2.02 | ||
| Mar 11, 2018 | $2.02 | ||
| Mar 18, 2018 | $2.02 | ||
| Mar 25, 2018 | $2.02 | ||
| Apr 1, 2018 | $2.02 | ||
| Apr 8, 2018 | $2.02 | ||
| Apr 15, 2018 | $2.02 | ||
| Apr 22, 2018 | $2.02 | ||
| Apr 29, 2018 | $2.02 | ||
| May 6, 2018 | $2.02 | ||
| May 13, 2018 | $2.02 | ||
| May 20, 2018 | $2.02 | ||
| May 27, 2018 | $2.02 | ||
| Jun 3, 2018 | $2.02 | ||
| Jun 10, 2018 | $2.02 | ||
| Jun 17, 2018 | $2.02 | ||
| Jun 24, 2018 | $2.02 | ||
| Jul 1, 2018 | $1.47 | ||
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