Entrepreneur
Name
Erick
Member since
June 2014
On-time repayments
313 installments • 43%
About Me
My names are Erick Ndwiga Kenya citizen by birth, am the 1st born in the family of three, I live in Kitengela town which is located off Mombasa road, i operate a cab business/ company which is situated in upperhill Rahimtullar towers, I cleared my ‘O’ level in the year 2009 and joined University of Eldoret where i studied Diploma in Tourism and wildlife management and cleared in April 2013, I will be graduating in December this year for my Diploma. I decided to start up a cab business because i didn’t want to sit down and wait for my graduation day yet i needed money for my personal use. I love playing football and traveling or visiting historical sites. I
My Business
My business is on the transport or rather Tourism industry in Nairobi Kenya, Tourism has peak and off peak seasons so not full time , i sometimes get bookings with companies like Pwc Kenya and Ecolab East Africa and friends, for me to have a fleet of car's i have to start somewhere and for sure one day my dreams will be valid, as an entrepreneur i believe, Food,Accommodation and Transportation is the way to go.so my side business falls on the Food sector, i started with chicken or Poultry, which is supports my Transportation business
Loan Proposal
I wish to apply for a 5th Loan of $ 1,000 payable in equally monthly instalment if $ 50 weekly.
The Loan will help me to purchase an additional motor bike which will cost about $ 1500. The balance of $ 500 I will finance from the business saving.
Lately I have experienced a big challenge because I cannot meet demand of my clients to supply eggs and Poultry meat on timely basis due to lack of adequate and reliable transport.
I have incurred some losses when I tried to hire for motor bike services where the rider either never show up for a scheduled supply or are late which is compromising my client confidence on reliable supply.
My 4th Loan was very helpful since I purchased the first Motorbike which has really helped in my supply, very efficient and reliable. This has helped my business to grow and boost confidence of my clients.
Am looking forward for your positive consideration for above loan. Thank you in advance
Sincerely
Erick Nthiga Ndwiga
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,080.00
Date disbursed
Mar 23, 2016
Repayment status
On Time
Projected term
6 months
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Ask Erick a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Margaret Sep 12, 2017
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