Trade in my car for a better one

Patrick

Nairobi Umoja Estate, Kenya

100% repaid

Entrepreneur

Name

Patrick

Member since

February 2014

On-time repayments

124 installments  •  66%

About Me

My name is Patrick Nduati Karanja.l am 40 years old and married with 2 kids.My son Adrian is turning 5 years next month and I have another son who's two weeks old. l live in umoja estate in Nairobi,kenya.l am a businessman and i hire tents and plastic chairs for events.l also have 2 cars that operate as taxis.l was raised by a single parent,my mum.l am the first born in the family of four and my two sisters live abroad,in Germany and Netherlands.l live with our last born sister as my mum is deceased.l have always been business minded since i was a little boy and i enjoy being independent.l pay my rent,pay bills and proide food and clothing for my family.l always thank God for what i have.

My Business

l have 4 tents and 350 plastic chairs which i hire out.l hire out the tents from $20 -$40 per tent per day and $1 per 10 chairs per day. This business is usually good between Friday and Sunday when most people are having events such as weddings and and other social gatherings. l get between $40-$50 per week.

I am also in transport business where I own two cars that I use as taxis to ferry people for short distances within the city of Nairobi. I make a total of about $60 per vehicle per week after all expenses are paid. I am glad I am doing relatively well in both business but challenges still abound especially in the transport business. From tire replacement, insurance cover and general maintenance - all these keep me on my toes all the time.

I am glad that since I joined Zidisha over a year ago, the loans I have been getting have eased these pressures significantly. Hopefully, with more credit, I will be able to secure financial freedom that I so much desire.

Loan Proposal

I will use my loan to add money to buy a better car just as I did with the other one in order to keep up with my competition.l am doing this to get better service and make work easier for my drivers buy attracting more clientele thus increasing my profit .l am planning to use 845 dollars to do this so that I can get the best car possible.l already have a willing buyer who is a taxi driver and we have already agreed on the price and so I will immediately start looking shopping a car as soon as I get the loan.l am sure it will go smoothly just like the other one.

Feedback

9

None

None



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Loan Info

Project Type

Classic Loan

Disbursed amount

$849.00

Date disbursed

Oct 9, 2015

Repayment status

On Time

Projected term

5 months

Lenders

investor

Candiac, Canada

cyrus0302

San Francisco, United States

F

FHult

Stockholm, Sweden

Zidisha

Sterling, United States

T

ToddK

Indianapolis, IN, USA, United States

BJ

Brandon Joz

North Carolina, United States

B

blahblah

Nuernberg, Germany

D

Divergent

Bethesda, United States

IA

Ismini and Jerry

Stamford, USA, United States

ads68

Melbourne, Australia

Sunnyside

Stafford, United Kingdom

fairspirit

Utrecht, Netherlands

D

diza2722

NSW, Australia

O

ormung13

Christchurch, New Zealand

G

guggl

Vienna, Austria

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

bb4dogs

United States

mepster

San Francisco, Ca, United States

Leonardia

Waddinxveen, Netherlands

KM

Kirsty M

United Kingdom

Dave Bogard

New York, United States

MW

Matt Willis

United States

jtreyes

United States

KD

Kent Don

United States

BB

Ben Bellows

United States

PG

Paul Graham

United States

A

Andrei

United States

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  • Patrick    Mar 28, 2016

    Hi everyone?I'm taking this opportunity to thank you once again for your financial support.l want to ask all of you for your support and kind generosity.You're assistance will be highly appreciated.l used my last loan to get a better car for my taxi business and it has really helped me because of attracting more clients and thus making more money. I would like to repeat this process again in order to improve on my other car and hence repeat this again.My second driver has been on my case and I had promised to sell and buy another car for him.

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  • Ndungu    Mar 18, 2016

    Dear lenders, I spoke to Patrick yesterday regarding his unpaid installments. He promised to clear his arrears in about one week's time. Thank you for your patience.

    VM

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  • Patrick    Feb 10, 2016

    Hi everyone?My wife and I have been blessed with a bouncing baby boy.l would like to take this opportunity to thank the zidisha team and all the lenders for improving the lives of our families through your support.My plan for this year is to work even harder.Long live zidisha.

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  • Sunnyside    Oct 13, 2015

    Hi Patrick, I am delighted that you have received your loan. I hope your new car increases your income. Wishing you great success. Kind regards Gill

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    • Patrick    Oct 14, 2015

      Thank you Sunnyside.l will be posting on my progress very soon.

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  • Patrick    Oct 12, 2015

    Hi everyone?l received the loan funds 84,480kes that I had applied for.l have already started the process of what the loan was intended for.l will keep you posted on the proceedings.Thanks to all the lenders for your generosity.

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  • Ndungu    Oct 7, 2015

    Congratulations Patrick on getting fully-funded and best wishes in your transport business. VM

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  • Patrick    Oct 6, 2015

    Thanks to all the lenders who funded my loan.l will sell one of my taxis and buy a better car buy adding the money I will get from the loan and my savings.My business is going to improve because the better car will attract more clientele and make more money for me and my driver.l thank you zidisha team and all the lenders for making peoples lives better.God bless you all.

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  • Patrick    May 14, 2015

    Once again,thanks to everybody who funded my loan.Long live Zidisha.

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  • Patrick    May 2, 2015

    Dear lenders, I have just cleared the last bit of my loan. To say that this loans have been of much help to my business is certainly an understatement. I have seen my business grow by leaps and bounds, thanks to your generous contributions.

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  • Sunnyside    Jan 26, 2015

    Good luck with your latest loan Patrick - I am delighted to be a small part of it. Kind regards Gill

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    • Patrick    Jan 30, 2015

      Thanks Gill, for your continued support. Your contribution is always precious to me. I wish you success in whatever you do too.

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  • Patrick    Jan 15, 2015

    Dear lenders, I have completed repaying my third loan and like the previous two, it has impacted positively on my transport business. I managed to overhaul the engine of one of my taxi vehicle which made it possible to operate the vehicle smoothly.

    This increased my income drastically and this has had a positive effect on my family where we can now afford a better life and a secure future. I hope the next loan will take my business to the next level.

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  • Patrick    Oct 24, 2014

    Thank you lenders, I can now exhale! I don't have enough words to thank you. May God bless you many times over.

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    • calvero    Oct 24, 2014

      Congrats Patrick! I see you had to reduce the requested amount but I hope your business can still improve with the sum you have now. We look forward to hearing from you!

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      • Patrick    Oct 24, 2014

        thanks calvero, Yes I reduced the amount when I realized it was almost impossible to raise the whole amount. this amount will be enough to fix one vehicle and hopefully get good income to enable me service the second one. I will keep you posted.

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  • Patrick    Oct 24, 2014

    53 minutes to go and only $60 to go! can someone please lend the remaining amount.

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  • Patrick    Oct 24, 2014

    Wow! Hard to believe that I have reached 76%. Dear lenders, only two hours remaining and $81 to go.
    So near and yet agonizingly so far!

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  • Patrick    Oct 24, 2014

    The last few hours. I am still optimistic that I will get funded. Dear lenders do your bids please...

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  • Patrick    Oct 23, 2014

    Dear lenders, the dreaded hour countdown has finally caught up with me. kindly do something to salvage this loan.

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  • Patrick    Oct 22, 2014

    Dear lenders, it is now 2 days to go and at 13%. I dread to think that this loan will expire again. I have come from so far with Zidisha and that gives me optimism that all will be well before the expiry date. I appreciate any kind of donation and as always I won't let you down.

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  • Patrick    Oct 21, 2014

    Thanks calvero.

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  • Patrick    Oct 21, 2014

    Thanks Leonardia, that's a step closer to my goal.

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  • Patrick    Oct 20, 2014

    Thank you chkuo for pushing me closer to my goal. With such support I know I gonna make it.

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