Buy fuel for my motor bike business

Entrepreneur

About Me

My name is James Obotyi.I am 42 years old from Kenya Busia County of Western. I went to Chakol primary l between the years 1989 and 1997 and was in Secondary School between the years 1998 and 1999 at Chakol Boys High School. I dropped out in form two because my parents could not afford to school was too high. I started working for peoples as a motor vehicle garage in Bungoma Town for four years as a motor vehicle mechanic .
Their after in 2003 I shifter to Eldoret and managed to secure a job as a general employee with Rai Ply wood ltd where I am working current.
I also bought my own motor cycle that I normarly do part time business of Boda boda .

I am now married and have three kids and one girl and two boys. The first born is in form 2, the second born is in form 1, and the third born is class one. My unique hobby is to go riding and driving with my family in my free time and over the weekend with my friends.

My Business

My business transport services to my customers here in Kenya called Boda boda.
The business is very good because people are in the town but some roads are impassable by cars and, therefore, people prefer to use boda boda which is cheap and faster than any other means of transport.
Since Iam also employed I normally do my business six hours a day that is very early in the morning between 5.00AM to 8.00Am in the morning and in the evening between 6.00pm to 10.00 pm at night.

My monthly gross income is normally approximately 300 dollars.
Normally I use the income as follows:-
School fees for my children is 150 dollars
housing and food 100
support my parent who are elderly 50 dollars

Loan Proposal

Dear lenders thanks for giving me first opportunity to borrow from you .

Given Funding I will use all the to buy fuel worth 60 US Dollars to help boost my business since my motor bike is still in good condition. That will boost my business so far and I will be able to ear more than 60%, return
Thus I will be able to pay my loan conveniently .
Thnaks very much I look to your help .Good day

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