Buying motor-bike spaire-parts
Marqius
Bura-magongoloni, Kenya
47% repaid
Entrepreneur
Name
Marqius
Member since
March 2013
On-time repayments
54 installments • 44%
About Me
My name is Marqius Kasena Kahindi,married with two children:one being a boy and the other a boy,they are all schooling in a private school.I live in Bura-magongoloni in Goshi location Malindi District which is in Kilifi county.Im a cyclist doing boda-boda business,whereby I transport people from one place to another with pieces of laguage from one place to another.Im a class eight leaver.I started this job basically to earn a living and to improve my life.I purchase various items from the earnings of my business such as:tube,tire,engine oil,clutch cables,indicators,bulbs,fuel,etc Also buy food,clothes,water, and pay for transport and school fees for my children.Hope to expand my business by buying other motorbikes for better income.
My Business
My business is boda-doda,this is a business of transporting people from one place to another with their belongings by use of motorbike.There is high demand of this business because people ever travel and because motorbikes have been the fastest private means of transport which can even penetrate in the remote, whereby routes are very rough and small,then they become the outstanding option for traveling.My customers prefer to business because I'm hardworking and faithful cyclist.The business is profitable because in a day I can get ksh:1500/= after subtracting all day expenditure that is fuel and the one day meals.Risks that face my business are unstable fuel prices and security.My typical monthly income is 40000/= end my monthly expenditure is ksh:26000/= my profit is ksh:14000/= of which can repay my Zidisha loan comfortably.
Loan Proposal
I will use the loan as follows:new seats worth ksh:9000/=,8paires of shocks worth ksh:28000/=,Engine-oil 20litres worth ksh:7000/=,Indicators worth ksh:1000/=,One carton of bearings worth ksh:3000/= and 8tires worth ksh:12000/=.
The benefit of this is that the motor-bikes will be serviced fully and the performance per motor-bike will be renewed or will be good.This will enhance its movement/performance of the motor-bike of which will consume lesser fuel and redeem time again this will improve my income in my business.I appeal to my lenders to support me because I do not have such a capital in full to buy them in bulk of which if I buy one by one I find it expensive.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$579.00
Date disbursed
Apr 16, 2014
Repayment status
Late
Projected term
10 months
Other loans
Lenders
United States
United States
United States
United States
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