To do major repairs on my second hand motorbike

Mathew

Nyapora, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Mathew

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.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$197.00

Date disbursed

Jan 20, 2015

Repayment status

On Time

Projected term

2 months

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Ask Mathew a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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M
Mathew Aug 1, 2015

Was advised by my mentor to reschedule a thing that will give me time to reorganize myself and be back to truck. Am sorry for the inconveniences caused to you but I promise to correct. thanks

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David Aug 1, 2015

Hi lenders,
Concerning Mathew, I communicated to him today and he explained why he had accidentally fallen into arrears. He has been sick for the past three weeks and has been not able to go for work.
I advised him to reschedule to make him out of arrears an idea he welcomed so much.
He promised to do that immediately. He gets to any nearby cyber.
Will still follow up the matter to ensure he reschedules.

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M
Mathew Apr 28, 2015

Thank you very much dear lenders for trusting me once more and funding my loan.
I purpose to buy another second hand motor bike and employ another person to take over the one i have.
This will double my income since He will pay me a total 4 dollars on daily basis.
The one I will buy will generate averagely 7 dollars a day.
This will also improve the other business of second hand clothes.
Thanks very much.

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David Apr 21, 2015

Kindly Lenders,
Help Mathew fund rise his loan. He is a hardworking young man.
Thanks.

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M
Mathew Apr 8, 2015

I am so gratefully Zidisha for funding me loan. It has really changed my living standards. God bless you abundantly.

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David Feb 22, 2015

Ochilo am happy for your efforts please keep it up.

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M
Mathew Jan 16, 2015

Hello my lenders,
This is to notify you that in relation to what I had planned I was able to buy second hand motor bike from a friend. this was due to less money I had. I had saved some money and added the money i received from my loan you gave me.
The business thrived and more so this festive December season. Was able to make 35 dollars a day which meant Since the motor bike was mine and Had to place the money under savings.
This also boosted my second hand cloths business which ran hand in hand with the motor bike business.
In Totality my earnings have increased to a total of about 350 dollars per months.

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David Jan 15, 2015

Congratulations for paying your loan on time. Keep up the spirit.

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M
Mathew Nov 24, 2014

Thanks very much Zidisha for funding my loan. God bless you so much.

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