Name
Simon
Member since
August 2012
On-time repayments
19 installments • 11%
I live in Kiptangwanyi shopping center which is about 45Km from Nakuru shopping center. Nakuru town is the nearest Major town neighboring Kiptangwanyi shopping center. I am married with two kids who are all in school. I live live in my own piece of land which is plot number 132 at Kiptangwanyi shopping center where I operate my business. I am a driver owning a matatu. I offer the services of transportation. I transport people and goods from and to Nakuru town.
My business entails the services of transportation. I transport people and goods from and to Nakuru town. I transport using my own vehicle which is a matatu. I use it to offer these service to people between Kiptangwanyi shopping center and Nakurur twon as well as other small trading centers between this route. The business is very profitable especially during holidays and the festive season. The main challenges that the business encounter is frequent fluctuation of fuel prices that affects the transport industry negatively.
Dear Lenders,
I would like to use my loan to service my vehicle well and to change my vehicles engine oil. Recently it has been disturbing me and the services were not very good as it had been having frequent breakdowns. This resulted in poor functioning of some of its parts and therefore it was costly to maintain it. We are approaching the festive season and this is the time when the business is good and therefore I would like my vehicle to be in good condition and I will be able to make good profit from it.
Positive
11
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$500.00
Date disbursed
Sep 30, 2012
Repayment status
On Time
Projected term
3 months
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