Taxi, chiecken and carwash business

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

I plan to purchase two new tires for my car which i use in taxi business, i also plan to buy more chicken for sale and to expand my car wash business by purchasing a second machine.
I have seen the potential of the small businesses i have paid school fees for my daughter and also fixed my bills with the little profit i make from the businesses.
I plan to purchase a new car by end of the year to increase my business. Car hire fetches upto Sh9,000 per week and i believe proceeds from this will be channeled into my poultry and car wash business.
Having been convinced that Zidisha is the way to go, i have convinced two new members to join Zidisha asa way of economic independence.
I really believe with better investment, one is bound to make better returns.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$189.00

Date disbursed

Jun 27, 2015

Repayment status

On Time

Projected term

2 months

Lenders

PG

Paul Graham

United States

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Summary

Amount repaid

$198.99

Amount remaining

$0.00

Date repaid

Sep 12, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jul 5, 2015 $18.08 Jul 5, 2015 $18.08
Jul 12, 2015 $18.08 Jul 11, 2015 $18.08
Jul 19, 2015 $18.08 Jul 19, 2015 $18.08
Jul 26, 2015 $18.08 Jul 25, 2015 $18.08
Aug 2, 2015 $18.08 Aug 1, 2015 $18.08
Aug 9, 2015 $18.08 Aug 8, 2015 $18.08
Aug 16, 2015 $18.08 Aug 15, 2015 $18.08
Aug 23, 2015 $18.08 Aug 23, 2015 $18.08
Aug 30, 2015 $18.08 Aug 30, 2015 $18.08
Sep 6, 2015 $18.08 Sep 7, 2015 $18.08
Sep 13, 2015 $18.15 Sep 12, 2015 $18.15

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