For buying motor cycle for transportation

Daniel

North Kinangop, Kenya

100% repaid

Entrepreneur

Name

Daniel

Member since

November 2016

On-time repayments

19 installments  •  68%

About Me

My is Daniel Ngugi aged 30years old.Iam the first born in our first born in our family of seven members.My is located in North Kinangap,Naivasha in Kenya.I was taken to St.Uagustine primary school for eight years I passed well in my last years exams.Later, I joined loreto high school for four years and finished in 2004.After school, Istarted hustling in a hardway in life to ensure Iam making my ends meet.I was doing manual work in peoples homes for a living.When I was employed in one of the high hotels in our nearby home.I started saving little by little until I got enough capital to start my own business.The most interesting thing about my culture is our traditional food called mukimo which our community will never do it with it.My wants to be business men when they grow up.I love visiting people in homes and hospitals during my leisure time.

My Business

Iam an hotelier who deals with foods like ;tea,b urns,porrage,ugali,chapatis,rice,meat,pie meat,sausages, etc.These kinds of foods are useful to my customers because we don't grow them.I chose to be an hotelier because l love serving my customers.l have an experience for this kind of job for six years.I get a profit of 12$ after every three days.I use the profit to pay government revenue ,school fees for my two kids,house rent, and the rest for maintenance of my business.And little money remains I use it to improve my family life.

Loan Proposal

I given this loan, I will buy a boxer 150-C motor cycle total cost 90,000 KES new one.Its for transporting market products like rice,cabbages, potatoes, and fetching water from the river when taps have run out of water.Buying it, will help to reduce the loss I usually go of about 12 USD for paying taxes to carry market products from the market to the hotel.I love Boxer, it has low maintenance costs,saves fuel and it simple to drive.Please, dear lender help me achieve my goal.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$5.00

Date disbursed

Nov 23, 2016

Repayment status

On Time

Projected term

5 weeks

Lenders

Salvatore Martello

New York, New York, United States

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