To do major repairs on my second hand motorbike

Mathew Ochilo

Nyapora, Kenya

100% repaid

Entrepreneur

Name

Mathew Ochilo

Member since

September 2014

On-time repayments

81 installments  •  52%

About Me

Mathew Omondi Ochilo is a Kenyan born in 1972 and married to one wife. I have three kids two girls and a boy. My wife is called Clere Mahero. and above all a born again christian. I went to school at Mumias primary DEB, Lubinu Boys high school and at a church college and graduated with certificate in church music and instrumentation.
I started business some times back but due to commitments decided to drop the business of second hand clothes and ventured into transportation. I hired a motorbike and now ferry customers and pay the owner about 3dollars a day and i keep the balance as my wages. I target to buy my own motorbike and be my own boss and be able to support my family.

My Business

I started with selling second hand clothes of which at times the bale bought would contain old clothes that were not attractive there by attracting less customers. I decided to hire a motor bike so i could increase my income by doing taxi. the motor bike taxi is well paying since am able to raise about 10dollars per day after i have paid the motor bike owner.
I now target to by my own so as to remain the boss of my business by my own.
With this earnings on monthly basis i can raise about 1000dollars which would be a big boost on my side. I want to thank you because with Zidisha i know I will manage.

Loan Proposal

Want to thank you lenders for the first loan which you gave me and which enabled me to purchase a second hand motor bike. The motor bike has improved my standard of living and due to overwork in Last December Holiday, I want to use the second loan to carry out major repairs to sustain its life in the business. My target is that since I am the sole boss of my business I want to save enough to be able to acquire a brand new since what I have was a first step to success.
I trust in you my lenders and through you God has been on my side. Kindly lend me again.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$197.30

Date disbursed

Jan 20, 2015

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Lender interest: $197.30 at 6.68% annual rate over 2 months = $2.72

Service fee: $1.50

Lenders

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MichaelR

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JayJay

Cleveland, United States

C

CheesemanDan

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A

Alicee

Munich, Germany

D

danny

Karlsruhe, Germany

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matts

New York, United States

Krtecek

Balzers, Liechtenstein

Crestwood

Hamburg, Germany

P

proby24

Singapore, Singapore

T

tmsaddress

Orlando, Florida, United States

B

Becks

Dubai, United Arab Emirates

nelson637

Greenbrae, California, United States

cattlebaron

Pierre, SD, United States

S

Shadrax

Lansing, United States

C

cyrilleberger

Gammalkil, Sweden

pbosakov

Sofia, Bulgaria

J

jimmydjjr

Gautier, United States

dajawein

Gladstone, Australia

Elaine123

Philadelphia, United States

N

nullologue

Boston, United States

M

mattandrike

Arlington, United States

andreasol

Bielefeld, Germany

P

portlandloans

Portland, United States

Moyeji

Australia

F

fake_name

Boston, United States

McJulio

New Jersey, United States

Zal0m0n

Atlantis!!!! x), Mauritania

Paul Buchheit

Mountain View, United States

Fabian Linzberger

Vienna, Austria

Jon

Sweden

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