15 installments • 0%
Am a single man and the fourth born in a family of seven and am staying at my own place at kikambala village near kikambala academy the next white house I am bodaboda driver.I only completed primary education and could not go to secondaty school due to financial problems then i joined unik driving school.I staretd a business because i since had not high education could not get a good job and needed to take care of my daily needs.I use my business earnings to buy food and take care of other small home problems.
my business is of transportation which involves fertching of peoplefrom one place to the other at a fee with a motor bike commonly know as bodaboda in kenya.The demand is there because motor can reach to place where a car can not and the population n our area is growing because of the companys that are introduced and also have lots children whom require to be taken to school to and fro everyday.Most people prefer my services because i ride with much care, well know from respected family, keep time and am responsible.The risks involved are that bike my be stollen and riding roughly may cost your life as a road accident may happen.I make around 1000 sh per day thus 30,000 sh per month.Daily expenses is 650 sh per day thus 19,500 thus i make 10,500 sh per as profit
Hello, am so grateful to have been approved to make a loan application. This is something to celebrate about because am now sure that my business will have full potential to my customers. As for this loan i will repair the motorcycle that am using so that my customers can be able to get the best and quality services require. With a good and conditioned motorcylce am sure to make a good income that will enable me to repay my loan in good time.
May 4, 2013
Cost to entrepreneur
Lender interest: $100.33 at 1.68% annual rate over 15 months = $2.16
Service fee: $4.38