Loan to purchase a tracking device & spare parts for my motorbike

Brenda

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Brenda

Member since

August 2015

On-time repayments

331 installments  •  59%

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

I would like to buy a tracking device for motor bike which will cost me 15 dollars and spare parts such as lights and carrier for carrying goods which will cost me another 15 dollars in total.This are important because they will enable me to be able to track the location of my motorbike at any given time and also protect it from theft.The carrier will bring in more sales as I will diversify , as I will be able to venture into carrying goods as well as people.This will increase my profits by almost 30 percent per week and my bike will be safe.

Feedback

8

None

None

  • Sarai    Mar 13, 2023

    But I don’t understand if I helped buy a laptop for the health and beauty business or if I helped buy a curtain making machine… would that be a sewing machine?
    I’d appreciate clarification.

    Log in to reply • Share
  • Urszula    Oct 26, 2017

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

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$302.00

Date disbursed

Aug 18, 2016

Repayment status

On Time

Projected term

5 months

Lenders

Zidisha

Sterling, United States

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

PG

Paul Graham

United States

Isabella

UK, United Kingdom

wissam

Jeddah, Saudi Arabia

K

Katka

St Albans, United Kingdom

Craig Newmark

United States

The Zinc Team

San Francisco, United States

WS

Warren Shen

United States

Humble Bundle Community

San Francisco, United States

Megan Strickland

Los Angeles, United States

A

Anonymous

United States

A

Anonymous

United States

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