Car wash business

Frank Mutuma

Donholm Phase 8, Kenya

100% repaid

Entrepreneur

Name

Frank Mutuma

Member since

January 2014

On-time repayments

136 installments  •  71%

About Me

I am 38yrs old, Kenyan citizen, first born in a family of four, I hold a Diploma in IT. Am from Meru county but I reside in Donholm. Am employed by KPLC. am married and expecting first early next year.

My Business

I got a space within Donholm where i live to setup a car wash. Happy i the got and its a great venture because its within residential area where there so many cars due to high population living around. I will be charging $1.50 per car and lorry $5,will have 3 employees, 1 washing machine and will install cctv cameras to monitor number of cars come and go when am at my normal work. with $700 dollars am able to setup and start running in a 1 week. i have $150 with me. investors i need to raise the balance to achieve my goal. i target to clean at least 20 vehicles in a day hence i will be able to repay my loan without much struggle every week.

Loan Proposal

i will buy a washing machine, cctv cameras, detergent, hard cores to level the ground and setting up semi structure. water is already on site. with that i will better my self and a family and also create employment to the society. i will include other services like carpet cleaning and a restaurant for people to have a drink as they wait for their car to be cleaned.

Feedback

1

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Loan Info

Project Type

Classic Loan

Disbursed amount

$520.85

Date disbursed

Jun 2, 2018

Repayment status

On Time

Projected term

5 months

Cost to entrepreneur

Service fee: $21.94

Credit risk payment: $109.73

Lenders

B

Bokolo

Leeds, United Kingdom

ibc123

Seattle, United States

S

Stephan

Netherlands

CC

Catherine CatDesignz

Halifax, United Kingdom

Dave Bogard

New York, United States

A

Anonymous

United States

HCPSPIRIT

Helsinki, Finland

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

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