Buying four new tyres to replace the old ones

Kwadwo

Berekum, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Kwadwo

Member since

May 2015

On-time repayments

110 installments • 96%

About Me

I am Kwadwo Yeboah, 38 years of age and a professional taxi driver. I have a lovely wife and two strong boys. I had my education up to the senior high school. Working as a taxi driver for someone, I was also into farming. These two jobs simultaneously helped in increasing my savings at the bank. As a result, I was able to secure a loan in addition to my savings to buy my own taxi after fours years of working as taxi driver and a farmer at the same time. Now taxiing is my main source of income, completed with farming.

My first boy would like to a doctor, the second a banker. I like driving, football, and lending a helping hand.

My Business

My business
I am into transportation business as a taxi car driver. I provide transportation within my town Berekum and its suburbs and more so between towns. The service I provide is very useful as most people in town and beyond rely solely on taxi cars to commute to work. Students also in the morning need my services to go to school and after school. Market women also rely on us to transport their goods to the market. I have been engaged by some parents to also take their kids to and from school, and workers too at different time lines. There are other several services that we engage in as taxi car driver.
I chose this work because its flow of income knows no seasonal effects. People will always need the service of a taxi car in one way or the other. I am able to save on daily basis $15 to $20 per day. I work from Monday to Sunday. I work half day on weekends or rest the whole day depending on how how active the week has been for me. On the average, I make between $100 and$ 120 a week.
My typical costs are changing of my car engine oil and filter twice in a month (total engine oil at cost of $15 and a filter at a cost of $1.20 making $16.20 every two weeks.) Thus, $32.40 a month. I also send it for checks on a monthly basis and, if the need be, do some maintenance on it when it comes. Miscellaneous: $100. I make a monthly revenue between $400 to $480. My net therefore is between $270-$350 a month.

Repayment
I will be able to repay my loan through my daily earnings from the taxi car.

Loan Proposal

Dear lenders
Thanks for the second loan. I want to buy four new tyres to replace to replace the old ones that are wearing out gradually so my taxi will be strong on ground.
This loan when fully funded would be used to buy four new tyres for my taxi car as a result of wear and tear .This will put my car in a nice shape and form there by improving my daily sales.
Four new tyres=$315
This would increase my daily earnings and profit. I will use the profit to pay my kids fees and use the rest to maintain the car.

Show original English

About Me

I am kwadwo yeboah, 38 years of age and a professional taxi driver. I have a lovely wife and two strong boys. I had my education upto the senior high school. Working as Taxi driver for someone, i was also into farming. These two jobs simultaneously helped in increasing my savings at the bank. As a result i was able to secure a loan in addition to my savings to buy my own Taxi after fours years of working as Taxi driver and a farmer at the same time. Now taxiing is my main source of income completed with farming.
My first boy would like to a doctor the second a banker.
I like driving, football, and lending a helping hand.

My Business

My business
I am into transportation business a as taxi car driver. I provide transportation within my town Berekum and its suburbs and more so between towns.
The service i provide is very useful as most people in town and beyond rely solely on taxi car to commute to work, students also in the morning need my services to go to school and after school. Market wommen also rely on us to transport their goods to the market . i have been engaged by some parents to also take their kids to and from school and workers too at different time lines. There are other seveal services that we engage in as taxi car driver.
I chose this work because its flow of income knows no seasonal effects. People will always need the service of taxi car in one way or the other.
I am able to save on daily basis $15 to $20per day. I work from Monday to Sunday. I work half day on weekends or rest the whole day depending on how how active the week has been for me. On the average i make between $100 and$ 120 a week.
My typical costs are changing of my car engine oil and filter twice in a month( Total engine oil at cost of $15and a filter at a cost of $1.2 making $16.2 every two weeks.) Thus $32.4 a month. I also send it for checks on monthly basis and if the need be do some maintenance on it as when it comes. Miscellaneous $100. I make a monthly revenue between $400 to $480 .my net therefore is between $270-$350 a month.
Repayment
I will be able to repay my loan through my daily earnings from the taxi car.