Buying a new motorbike taxi

Moses Njenga

Eldoret, Kenya

22% repaid

Entrepreneur

Name

Moses Njenga

Member since

June 2015

On-time repayments

189 installments  •  86%

About Me

Am called Moses Karanja Njenga .I was born in the year 1958 in Kamukunji Estate of Eldoret town .
I attended Primary School between the year 1966 to the year 1972 in Eldoret Union .
Secondary between the year 1973 to the year 1976 in Uasin Gishi High School.
I did not go to the University due to lack of School fees because my parent s were very poor.
I am married and with three children all boys .
Two of my Sons have completed high School ,only the last born Son is still in the high School.

I star ted this Business after I saved money to buy a motor bike which am using to date.
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Two of my children want to become business men but one want to become a Teacher.

In my free time I do read the Bible and music for because am also a Pastor.

My Business

I provide transport services to the public in Eldoret and outside Eldoret.
This services is in demand because there no vehicles in many of our roads because our roads are not in good condition.

I chose this kind of Business because it is Cheap to operate so long as you have motor bike.

My typical cost and revenue is 7,000/=Kshs

I use 20,000/=Kshs for School fees
Reinvestment I use 2,000/=Kshs
Home improvement 5,000/=Kshs
Church activities I use 3,000/=Kshs
And I expect this to go up in the near future as the Business continue to grow.

Loan Proposal

when am given this loan that am applying for now then I will be able to buy anew motor bike taxi for my transportation business at the cost of $900 US Dollars which means that I will more $600 from my personal saving account to be able to buy the same.
This will create more jobs for another young man whom I will employ to ride it for taxi business.
and this also will give me more income and more profit for me and my family at large and my customers will be happy with the efficiency of the service we will offer for them.
When this is implemented then this business will grow to 50% this very year .
Thank you so much for considering again my application to lend me .
I again promise to be faithful in loan repayments as scheduled.
God bless Zidisha and long live Zidisha

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$348.34

Date disbursed

Nov 13, 2018

Repayment status

Late

Projected term

4 months

Cost to entrepreneur

Service fee: $14.67

Credit risk payment: $88.06

Lenders

P

ploeger

Perkasie, United States

calvero

Bergen, Norway

D

Delok

Germany

Scangaid

Pittsburgh, United States

Robert Long III

Bridgman, MI, United States

I

Ian

United Kingdom

John Barnett

United States

J

Jordan

United States

RF

Ruth FT

Manchester, United Kingdom

JB

Jane Bean

United States

R

rica

United States

M

marton

United States

S

S

Canberra, Australia

SF

steven frank

United States

Sean Richards

Wilmette, United States

L

Logan

United States

KJ

Karin Joy

Philadelphia, PA, USA, United States

B

Bartl

United States

D

Dario

Switzerland

GA

Gabe Arnold

United States

AS

Adam Sandland

United States

ER

Eric Rafoth

Czech Republic

R

Ruxandra

Czech Republic

United States

HB

Hugo Boss

United Kingdom

SL

Sam Lute

United States

H

Hayley

Australia

CL

Cathey Leach

United States

LM

Laurie Menke

United States

MR

Micky Richards

United Kingdom

BL

Bill Lowery

United States

TW

Tom Wiegand

United States

AM

Abdul Majid

United Kingdom

P

Peter

Australia

RD

Ryan Duffy

United States

JM

Josh Menke

United States

S

Steve

United States

K

kathleen

United States

CJ

Carrie Jean

United States

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