Name
Elijah
Member since
August 2012
On-time repayments
16 installments • 31%
I live in Kiptangwanyi shopping center which is approximately 45km from Nakuru town. Nakuru town is our nearest major town within this area. I am married with two children who are all in school. I live in my own plot at the shopping center where I carry out my business. I live in plot number 52 with my family. My business entails the service of bodaboda operation at the shopping center. I transport goods for businessmen, farmers and other commodities to various places using my motorcycle.
My business entails the service of bodaboda operation at the shopping center. I started this this business quite a long time ago with the coming of motorcycles within this area and I happen to be the first businessmen who started boda boda operation within this area. The goods that I transport range from mere foodstuffs, farm produce, people as well as cereals and shop commodities to various places within kiptangwanyi shopping center. The main challenges that this business encounters are lack of enough capital and fluctuating prices of fuel which adversely affects the whole of transport industry.
Dear Lenders,
I would like to use my loan to purchase a new motorcycle. The one that I use to operate in my business is old and it usually breaks down frequently. I would therefore like to replace it with a new one and this will make my operations to be efficient and I hope to improve the status of my business with this loan. The new motorcycle will be cost efficient and thus will enable me to do my operations without much difficulty.
Positive
None
Neutral
2
Negative
1
Project Type
Classic Loan
Disbursed amount
$500.00
Date disbursed
Sep 14, 2012
Repayment status
Late
Projected term
17 months
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