Addition of shares

Amos

Kakamega, Kenya

100% repaid

Entrepreneur

Name

Amos

Member since

March 2017

On-time repayments

166 installments  •  51%

About Me

I was born in a family of six where by I am the first Born. My parents were farmers, they brought us up with difficulties. They were unable to support us get the education we wanted. They were able to support me up to class eight after which I decided to look for some thing that could enable me earn a living. It was until met with a friend who had a motor bike. He employed me. Every evening I was to give him ksh400.

My Business

I started by working for my friend as boda boda man.I worked for him for 4years. While working for him I learnt to save until I bought a second hand motor bike. I now own my motor bike. I operate at kakamega town. I lend my services to people of kakamega. I like my job as it has made me have many friends who are my customers. Many customers appreciate my services as I serve them well. I choose this business as vehicles can't access the interior places.

Loan Proposal

I would like to increase my shares in the Sacco. I have come to learn that, when one has more shares, he gets more dividends. I would like to add about 50$ to my Sacco contributions.
This will enable me borrow large amount from the Sacco at a law cost. Also, I will benefit at the end of the year when we share the dividends.
Out of the soft loans I shall be taking from the Sacco will enable me expand my business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$264.00

Date disbursed

Aug 4, 2017

Repayment status

On Time

Projected term

3 months

Lenders

Paul Buchheit

Mountain View, United States

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