11 installments • 0%
am a lady having been married and i live with my family. am blessed with three children's two are girls and one is a boy. the two girls are in school and the third one is still at home he is too younger.mu occupation is that am a business woman. am having two motorbikes that i gave them to my boda driver drivers who are well experienced and qualified. whom they bring money to me everyday as my return. my education background is form four level, after completing my education i worked in a public school as a volunteer before i come into the boda business.i started the business because i wanted to earn money and sustain my living standard i also started the business to so a to create two or three jobs opportunity to the society. i do purchase different things with my earnings apart from my earning like food for my family paying of school fees to my children clothing and put a little aside for emergencies.and because am looking to add another motorbike so that they can be three and this will increase my daily earnings more than what i get.
My main occupation is in the transport business within mtwapa mzambarauni area.i sell spare parts like brakes,headlights,rims,tubes,bolts,carburetors,side mirrors,chains,oils,petrol,grease,reflectors and other items of value.Demand for these items is so high due to high population within mtwapa coupled with a twenty four hour economy within here.the demand is high due to most of them being small scale business men and civil servants who have low income and hence able to attract them.my customers prefer here because i sell fresh goods and services and too my level of hygiene is so high for that case therefore able to make more cash as a result of more customers.competition is there however i have my standards are very high through cleanliness and reasonable prices that is able to attract customers.we have about 3000 motorbikes within mtwapa ranging from bajaj.tiama and haojin.my business is profitable because i sell substance items that are used by the society on daily basis.my monthly gross profit is Kenya shillings55,000.expenses is Kenya shillings 25,000.The balance of Kenya shillings 30,000 can be used to pay my lenders and also expand my business.
as for this loan my plans is to buy spare parts of my old motorbike. and i will use the rest to buy a second or used motorbike i mean second hand. which is already somewhere. buy adding the second motorbike this will bring or add value into my business because it will double my daily earnings and income which will improve my living standard for me and for my family.
Jan 27, 2013
Cost to entrepreneur
Lender interest: $497.32 at 6.47% annual rate over 12 months = $33.79
Service fee: $18.44