Funds to buy new tyres for my motorbike

Victor

Kahawa Wendani, Kenya

100% repaid

Entrepreneur

Name

Victor

Member since

February 2015

On-time repayments

275 installments  •  48%

About Me

I grew up in a family of two boys my father was in the army at Kahawa Barracks and that is how I ended up staying at Kahawa Wendani that is directly opposite the barrack and when I came of age I settled her at kahawa wendani,after primary school and secondary I joined Kenyatta University for a degree course in Education arts which am still pursuing,I decided to start a business in the transport industry so to come out of poverty and help raise funds for my college education since my father passed away while I was still in high school and my mother being unemployed its been very difficult for her so my brother bought me a motorbike which helps me get by,during my free time I play football and I also like reading historical books.

My Business

In my line of business which I find very interesting in the sense that the business is always booming since people commute from day to day even on weekends when they are not going to work they go for outings and church so in this business as long as your bike is in good condition you always make money since there are always customers who want the services,am still single and do not have any children but I hope to have my own family some day in the future so from my profits I save for my university education and the rest for my up keep,but my elder brother is also very supportive for he also helps me out with my school fees and house hold stuff so am normally left with lots of money to save for my future.

Loan Proposal

I need to buy new tyres for my motorbike the tyres will cost Ksh12,000 which I plan to use the funds from Zidisha and add to my savings this will allow me have a very easy time in my business since in my home area though business is good but regular visits to the garage are also frequent due to our poor condition roads which create many problems like punctures and times also cause damage to the rim which are very expensive to repair so with the new state of the art tyres my business will run smooth and I will manage to save a lot and re-pay my loan well and in good time.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Mar 2, 2015

Repayment status

On Time

Projected term

5 months

Lenders

Franmiguel

Perth, Australia

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