David
Kinoo, Kenya
100% repaid
Name
David
Member since
July 2015
On-time repayments
169 installments • 85%
Hi lenders I'm David... A Telecommunications engineer by profession but a small entrepreneur on the side dealing in motorbike taxing services and petroleum gas distribution
I have three sources of income one which is my employment as a technician in a Telecommunications company. My second is my 2 motorbikes which serve as taxis in my neighborhood. As of mid last year I also ventured into cooking gas distribution.
Over the last few months the need for motorbike service has increased tremendously and as such I see a potential for more business if I obtained another bike making it my 3rd.
Topping up with my savings of $850 that I have in the bank I shall require an extra $100 to fully reach the current retail price of a motorbike of 130cc that currently stands at $ 940 . With this new motorbike I shall be able to employ a third person to my business.
On purchase this motorbike has the potential to yield in a return of $ 4 on a daily basis after my rider has been paid his daily wages and daily fueling of the motorbike has been done. On average this $ 4 that I make in profits in a day may not be much but with three bikes I can be able to raise $12 which I plan to put in a college fund to enable me get my degree in telecomunications engineering.
I therefore kindly appeal to well wishing lenders to help fund my loan.
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Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jun 18, 2016
Repayment status
On Time
Projected term
3 months
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