Add to an extra motorcycle for my transport business
Davis
Nairobi, Kenya
32% repaid
Entrepreneur
Name
Davis
Member since
May 2017
On-time repayments
45 installments • 40%
About Me
Am a 24 years old, first born in a family of 6. I grew up in a hard life full of challenges like lack of school fees but was able to clear my Primary school education by 2008 and got 379 marks out of the possible 500 . I joined high school where I still had school fees problem so I was in and off at school. Through friends and relatives plus the little funds my parents raised was through with my schooling by 2012 with A- as my grade. After my high school. I worked at Laxury Hotel as a waiter where I raised the funds to start a poultry business which enabled me to cope up with the life challenges and meet my daily basic needs. I joined college at Kenyatta University by 2013 September to pursue Environmental Science. Am in my last year and in my last semester which is ending in a week's time. I could like to raise my children to healthy and support them with all their needs when I get a family.
My Business
I have small business of transport which I operate. I am having one motor cycle and cycle and could wish to add some money so as to add one more. I chose motor cycle business because it is easy to operate and it needs minimal supervision. The motor cycle business is in demand due to the poor road network at my place. Per day I earn up-to $5 which ideally good. I invest my profits and use some to help my younger siblings in school.
Loan Proposal
Am in the transport business I do operate the motorcycle business. I have one motorcycle I could like to add one more motorcycle so as to increase my earnings in my transport business. The motorcycle will cost $500 by now I have close to $450 so if I get the loan I will add up. The extra motorcycle will help increase my earning and create one more job opportunity to one person. Now that the motorcycles will be two my profits will go up to about $7 from the previous $ 3per day.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Nov 16, 2017
Repayment status
Late
Projected term
6 months
Other loans
Lenders
United States
United States
United States
Germany
Ask Davis a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.