Wheels and brake pads for my motorbike taxi

Brenda Otieno

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Brenda Otieno

Member since

August 2015

On-time repayments

275 installments  •  67%

About Me

I was born in Nairobi, Kenya in a family of eight. My father is a retired civil servant. The retirement forced my family to relocate to our rural home, where I joined Lwak primary school. The free primary education program had not started then and with my fathers' pension of 40 dollars per month and eight children to support I was in and out of school. I settled with myself that I had to excel in education for me to make it in life. I was crowned the best student In the Kenya Certificate of Primary Education in my school .I Joined Moi Girls Eldoret Where I got sponsorship, then Masinde Muliro University, with the help from the government disbursements to needy students (HELB), I was able to finance my college education and graduated. Employment in Kenya was not forthcoming, thus I followed my passion for entrepreneurship. I would buy curtains from second hand market in Gikombaa and sell. I later got a contract from (IEBC) the election body in Kenya for the 2013 elections. I got 30 dollars which I saved to buy a motorbike and borrowed the rest from a cousin whom I repaid in installments. This is run by my orphaned nephew who remits 3 dollars every day, the excess he uses for his own needs. Motorbikes are widely used in rural Kenya, which are inaccessible due to poor roads, thus presenting an opportunity to invest. I would not like my children to experience the kind of life that I did. My first born would like to be a journalist when she grows up and I am determined to make her dreams valid.I purpose to sharpen my entrepreneurial skills and make their future better and brighter and make them financially independent, realizing their full potential through innovation and entrepreneurship hence solving problems. I wish this for women in general by initiating several groups (chama) for savings and investing.

My Business

I am currently involved in a health and beauty business. I need to buy a lap top to be able to reach professionals with my products and my business model.
The laptop will cost about 300 dollars.
The balance will be used to purchase a projector

Loan Proposal

Dear well-wishers, with this loan I will be able to purchase a new set of wheels for my motorbike as well as brake pads which will cost me approximately 200 dollars in total together with the labour of the mechanic who will be involved with the repair of the bike.
This is a rainy season in Kenya and most of the roads in up country are not tarmacked thus the worn out wheels will not be able to withstand the harsh conditions during this season as the friction of the wheels on the roads is reduced due to wetness thus I will require new wheels in order for my motorbike business to run smoothly.
The brake pads will minimize the occurrence of accidents as the ones I currently have are overused.
When I have this items in place I will be able to increase my profitability during this season as the traffic in these areas during this season is too much and there is a lot of congestion hence motor bikes are the main source of transportation in this season and I would be able to double or triple my profits if my bike is in an excellent working condition.

Feedback

7

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  • Urszula    Oct 26, 2017

    Motivated and disciplined borrower. I would definitely support Brenda again.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$201.01

Date disbursed

Apr 17, 2016

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $8.71

Lenders

A

andyfletcher

I want my "My loans" page back, Qatar

G

grahamfamily

Guildford, United Kingdom

T

TokyoBliss

Tokyo, Japan

J

javifdezsainz

Madrid, Spain

N

NickLuder

London, United Kingdom

Evan Lamos

Brussels, Belgium

Paul Buchheit

Mountain View, United States

N

Nijntje

Netherlands

P

Panda6689

United States

Z

zidscott

United States

Roy

Espoo, Finland

Urszula

United Kingdom

Isabella

UK, United Kingdom

P

patricio

Yorba Linda, Ca, United States

J

jennie

Guatemala

The Zinc Team

San Francisco, United States

Seppo Ruohonen

Vantaa, Finland

Humble Bundle Community

San Francisco, United States

BR

Brandon Ross

United States

Megan Strickland

Los Angeles, United States

AB

Andrew Bent

United States

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