Buying a car wash machine

Richard

Itsowe, Kenya

100% repaid

Entrepreneur

Name

Richard

Member since

September 2017

On-time repayments

52 installments  •  100%

About Me

I was brought up in the family of 12.
Educated from primary school to secondary school later joined Bible School.
I over came the hard ship by engaging in small scale farming due to drought and high price of food commodities.
Our land is unique because of the settlers, mixed tribes.
I have chosen this business because it is easy to handle.
My children want to be Doctors, Engineers, Pilot, President.
My pass time, I am a pastor, church with a congregation of 30

My Business

I do car wash and motor bikes where by i have employed one laborer.
I pay my laborers Sh 6,000 monthly.
I pay myself Sh 25,000 monthly.
I pay water Sh 900 monthly.
Soap Sh 600 monthly.
House rent Sh 2,000.
Tax Sh 100 monthly.
I carter school fees for my children.
I save 4000

Loan Proposal

I will buy a brand new car wash machine to support the old one .The machine is worthy 240 Us dollars.This action will boost the morale of my existing customers and bring more new customers . i will be able to employ one more person to operate the machine. I have hope that with the two machines I will get a higher income of around ten dollars a day. which will make my missionary vocation self sufficient. I will be be in a better position to support my family members as well. I will save so that I can open a better business in future.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$157.00

Date disbursed

Feb 8, 2018

Repayment status

On Time

Projected term

11 months

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