New car battery and a car washing machine

Paul

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Paul

Member since

January 2015

On-time repayments

197 installments  •  39%

About Me

I went to a primary school in a remote village in West Pokot before joining secondary school in 1994. I later joined Moi University, Coast Campus before settling on doing business.
I have been in business for sometime, I started with a chicken sales, moved into poultry then started a car wash business. This is what has brought me this far, I used my third and fourth loans to start and stabilise the carwash business by purchasing a new machine.
I have also managed to buy new tires for my cab and service it regularly because it helps me in paying Zidisha loans.
I still look forward to getting a second car through a loan. With car hire, I have been able to make up to Sh3,000 on a good day in Mombasa.
I plan to use my next Zidisha loan to put up a spirits business in Malindi and open up another carwash business in Lunga Lunga, at the border ok Kenya and Tanzania.
I know this will earn me some better income to be able to consistently service my loans.
I believe if I complete this loan then I will be able to own a fleet of cabs as time goes by.
Once again, many thanks Zidisha team.

My Business

I am happy to have completed repaying my previous loans,this my sixth loan,successfully paid.I have already rehabilitated the building where I plan to set p the wines and spirits business. It is a very strategic place and I am quiet sure I will be able to repay the upcoming loan just like I did with the past ones.
I plan to invest Sh70,000 in the opening stock and later top up another Sh30,000 to give it a Sh100,000 worth opening stock.
I plan to use the balance from the loan to do a few legal requirements, especially the paperwork. Wines and Spirits business is quiet lucrative and I believe it will subsidise my income on the taxi fleets.
business.Once again,i believe it's doable and with Zidisha, financial discipline is the order.Thanks

Loan Proposal

Currently i have a problem with my car battery and i need to buy a new battery. I use my car to supervise my construction site in Kitengela.
Secondly i have identified space for a car wash and would like to purchase car washing machine which costs Sh60,000, a water tank is Sh30,000.
This business can bring in Sh60,000-70,000 monthly return.
I also use my car to travel to Koru to check on my commercial plot and Mombasa to discuss fuel business prospects.
I expect to earn at least Sh100,000 per month once i start up the fuel or car wash business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Feb 4, 2015

Repayment status

On Time

Projected term

8 weeks

Lenders

K

keane2097

Ranelagh, Ireland

McJulio

New Jersey, United States

Matthieu

Switzerland, France

T

thebonseung

Republic of Korea

Robert

Sweden

SK

Stefan Kruell

Muenster, Germany

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Summary

Amount repaid

$51.58

Amount remaining

$0.00

Date repaid

Apr 4, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Feb 15, 2015 $6.44 Feb 15, 2015 $6.44
Feb 22, 2015 $6.44 Feb 22, 2015 $6.44
Mar 1, 2015 $6.44 Mar 1, 2015 $6.44
Mar 8, 2015 $6.44 Mar 7, 2015 $6.44
Mar 15, 2015 $6.44 Mar 14, 2015 $6.44
Mar 22, 2015 $6.44 Mar 22, 2015 $6.44
Mar 29, 2015 $6.44 Mar 29, 2015 $6.44
Apr 5, 2015 $6.47 Apr 4, 2015 $6.47

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