Phenny Keah

Mtwapa Mtomondoni, Kenya

Funds disbursed

$0 to go

100% funded of $500 goal

0

days left

Entrepreneur

Name

Phenny Keah

Member since

November 2012

On-time repayments

11 installments  •  0%

About Me

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 Business

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.

Loan Proposal

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.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$497.32

Date disbursed

Jan 27, 2013

Repayment status

Late

Projected term

12 months

Cost to entrepreneur

Lender interest: $497.32 at 6.47% annual rate over 12 months = $33.79

Service fee: $18.44

Lenders

E

Errol

Bradenton, FL, United States

J

Jason

New Jersey, United States

investor

Candiac, Canada

Suzdal

San Francisco, United States

SKWAW

SHANTY BAY, ONTARIO, Canada

V

vamPierchen

Luxembourg, Luxembourg

bluntpixel

Durham, United Kingdom

G

grizu

dortmund, Germany

E

Emerald

Pompano Beach, United States

J

jozua

Delft, Netherlands

LA

United States

J

jgillard

Winchester, United Kingdom

C

Coyote137

Portland, OR, United States

L

Lemon

Switzerland, Switzerland

russell

leicester, United Kingdom

M

missjoyy

Munich, Germany

L

ldworld

Idaho, United States

S

Scordato

Mattituck, United States

M

mastodons

Chicago, United States

A

Andersson

Sölvesborg, Sweden

S

SalterEA

Trenton, United States

R

randy98109

Seattle, United States

russelldjs

London, United Kingdom

I

ivanill

Lansing, United States

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