Entrepreneur
Name
Paul
Member since
October 2017
On-time repayments
32 installments • 63%
About Me
am a young man born from a peasant farmer in Kenya. am married with two kids and am also the sole bread winner for some of my simplings' children. I am also involved in educating my brothers and sisters children especially those whose parents went before us to the lord.
My Business
I run a matatu business in Kenya (psv) since it's not everyone who can afford a car in this third world country, it's a flourishing business especially in Kenya which is a third world country. my business gives me a gross revenue of ksh 100,000, with 20%of this going to recurrent expenditure like paying salaries , buying spare parts and general maitainance. Currently my unit has some worn out tyres that I would wish to replace in order to increase my units performance efficiency. kindly be part of this noble idea, and I promise to pay back in full all the monies lent to me in time.
Loan Proposal
I will purchase a new tyre for my psv matatu. I spent alot of time on tyre repair shops and if i had new tyres, i would use that time to do more and make more money. The cost for a new tyre is 55 dollars.
Once i have a new tyre, my matatu won't stop every other time because of tyre repairs. That way i shall maximize on turnovers and hence increase my profit margins.
Because of that, i expect my profit margins to increase by 5 percent.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$21.00
Date disbursed
Oct 25, 2017
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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