Purchasing a third motorbike and employing a 3rd driver

David

Kinoo, Kenya

100% repaid

Entrepreneur

Name

David

Member since

July 2015

On-time repayments

169 installments  •  85%

About Me

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

My Business

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.

Loan Proposal

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.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jun 18, 2016

Repayment status

On Time

Projected term

3 months

Lenders

valentin

Stockholm, Sweden

investor

Candiac, Canada

AdamP

Sunnyvale, United States

O

Oliver

Geneva, Switzerland

D

danielske

Branford, United States

S

SeanWolfPack

Raleigh, United States

R

RobBne

Brisbane, Australia

D

DThirteen

Miami, United States

A

Adam3333

Hague, Netherlands

bycyt

Whitefish, United States

L

LindsayB

Sydney, Australia

isabelv

Barcelona, Spain, Sweden

iamdaimo

London, United Kingdom

gseletko

South Perth, Australia

mojobob

Hayward, United States

H

harrymore

Townsville, Australia

xtrahardware

Cazenovia, United States

J

jinx83

Brisbane, Australia

E

E

Marin county, United States

dlpringle

Denver, United States

B

BobHope

United States

G

gbelote

United States

S

spivurno

United States

Paul Buchheit

Mountain View, United States

joshuacollinson

Vienna, Austria

TyWee

Manila, Philippines

D

DStateDDB

United States

W

wesbh89

United States

J

jdelaporte

United States

Loungin

United States

M

M.Umar

Pakistan

J

JeremyR

United States

S

Stephan

Netherlands

KM

Kirsty M

United Kingdom

GS

Guillaume Schaack

Luxembourg, Luxembourg

NR

Nina Roth

United Kingdom

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

A

Anonymous

United States

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