Motorbike for village taxi service

Caroline Jomo

Kilifi, Kenya

42% repaid

Entrepreneur

Name

Caroline Jomo

Member since

September 2012

On-time repayments

333 installments  •  29%

About Me

i am a single women am working as a assistant administrator at keiway mining and technology college in Kilifi, i studied at Magnet High School, Kenya Institute of management for my diploma in Business Management and Human resources management, I bought motorcycle for transportation and i want to add another one so that i can expand my business

My Business

I own motorcycle for transportation, i employed one rider whom i make sure give me 400kshs daily, and the rest he can pay himself with and he works with it for 27 days in a month which i get 10,800 a month and the maintenance is around 1000kshs monthly depending on the weather. my customers prefer my services because my rider is always on time and very trustworthy, mostly he transport working professional to work and also late night he transport youths from clubs to their residential areas.

Loan Proposal

My business is about transportation by a motorbike, which i started in 2012, my goal is to increase the number of the motorbikes so that i can reach more customers since this area many places can not be reached by vehicle i would like to ensure people can access the town center and go back home safe with a trusted means of transport.
My business is also a way for me to educate my niece who is also an orphan to ensure she has a brighter future, and also improve the lively hood of my neighborhood by providing jobs.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$597.01

Date disbursed

Nov 3, 2014

Repayment status

Late

Projected term

73 months

Cost to entrepreneur

Lender interest: $597.01 at 5.88% annual rate over 73 months = $213.23

Service fee: $132.51

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