John Maina

Kiptangwanyi, Kenya

46% repaid



John Maina

Member since

October 2011

On-time repayments

21 installments  •  48%

About Me

I am married with four children who are all schooling. I live in Kiptangwanyi centre plot number 21 house number 2. I am a tenant in this plot. Kiptangwanyi centre is about 41km from Nakuru town. Matatus usually charge 200shs from Nakuru to Kiptangwanyi centre. The most recognized nearby centre is elementaita which is a colonial town and is about 11km from Kiptangwanyi. Once in Elementaita it is not difficult to reach Kiptangwanyi. I am not formally employed. this means that I have to work extra hard in this country of ours because life is very difficult here and one has to feed the children and meet all their basic needs. I therefore started a business of boda boda which i really on wholly to make ends meet for my family.

My Business

In the year 2005 I used my savings that i had been saving fro five years and I bought a motorcycle at 90000kswhich I used to transport people with in this area. being a remote area the business did not pick up well but later in the year 2007 things started picking on well. I used my savings from the motorcycle and managed to buy another motorcycle in the year 2010. the motorcycle cost me 95000ksh. I could not raise all the money and therefore i was assisted by my lending group which lend me 30000ksh. With the two motorcycles i managed to buy a mobile carwash. I use diesel to run the motor of the car wash. This has been a good move for me as I am now able to pay for my children's school fees. the main challenges that business faces are bad weather conditions especially rainfall which brings business to a stand still. other risks are fluctuating crude oil prices which affect the transport industry. currently i am using my earnings to expand my business and reach more customers as my services have been admired much by most of my customers.

Loan Proposal

dear lenders in this second loan i want to expand my business of buying cereal because this business of motorcycle transportation has became very competitive and many people have buy motorcycle thus make this business not profitable as earlier, and because i have a bike i will buy cereal and sell to the store people who sell to the lorry and sometime i will sell to the lorry people themselves for higher profit






Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

Nov 26, 2012

Repayment status


Projected term

12 months

Cost to entrepreneur

Lender interest: $535.83 at 3.52% annual rate over 12 months = $19.86

Service fee: $19.68



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