Loan for purchasing a third tuk-tuk vehicle (3-wheeler taxi)
Reginah Mumbi Njiiri
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Reginah Mumbi Njiiri
Member since
June 2013
On-time repayments
412 installments • 62%
About Me
am from a family of 8 and am the sixth born,i currently work part time in a ground handling company i started farming in a one acre piece of land the business has been coming up because Kenyans and the people of kambiti(Kirinyaga) where the farm is located appreciate healthy eating.the demand for the for the water melon has been increasing day by day.my business plan is to hire extra acres of land for my use and buy the right equipment for my business.my plan is to reduce the running cost of the business by buying my own water pump to get the water from masinga dam,i also plan to buy more pipes to reduce the amount of money used to hire equipments.i satrted the business after 3 years of working and the money i was earning i could only pay my house rent and buy me food and i wanted more financial freedom.the earnings from my business are used to pay college fees and the bus fare to and from college
My Business
my current business is airbnb business,when covid came and most companies wanted to achieve social distancing we have seen a rise and demand in airbnb business leading to business being.but since the current clients are corporate we have seen a demand in luxury apartments and people wanting more comfort in the apartments.i currently operate two 3 bedroomed apartments in a nice gated community and in the process of starting a third one.business has been progressing well with us getting 85% occupancy rate.per month we make an average 70,000ksh to 90,000ksh before we remove the expenses.after we deduct all expenses we remain with around 45,000ksh.
Loan Proposal
Hallo lenders once again am grateful for everything.I enjoy borrowing from zidisha.once again am requesting for funding to buy my 3rd tuk tuk(3 wheeler taxi) its a business that is close to my heart.a new 3 wheeler costs about 2500usd.I have saved about 1500usd.with your funding I will be able to achieve my dream.my finances are doing ok at the moment so I will be able to repay the cash.my current earnings per month is about 1200usd.which I use to pay my bills and prepare for the birth baby end of these month.please fund me
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$948.39
Date disbursed
Jul 6, 2015
Repayment status
On Time
Projected term
30 months
Cost to entrepreneur
Service fee: $35.99
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