Entrepreneur
Name
Mageto
Member since
March 2014
On-time repayments
221 installments • 28%
About Me
am a graduate with diploma in sales and marketing.i decided to start a motorbike taxi business in order to earn a living.i come from a poor background where non of my parents do any job for a living, a struggled through out my school life using community loans to study but all the same made it to complete my studies.i have two motorbikes and wants to buy one more and expand my business or take to another level.have managed to raise ks.70000 and still lacking about ks.30000 to be able to buy it.i live 300metres from the town center where i can easily manage my business
My Business
i started business back in 2011 when i finished college and realized there's less job avenues in Kenya. i borrowed my dad a soft loan of 20 000 kenya shillings and invested in agriculture. after two farming seasons specializing in horticulture, i used my savings to buy a motor bike taxi at a cost of kshs 120 000. i used the bike to do taxi biz whist i increased my farming input to enable me get more profit. after another two season,late last year, ow as able to buy another bike. i now employ two people to do the taxi business. i m interested to buy a third bike at a cost of 100 000 and with my kshs 70 000 savings,i can be able to buy it. the. if i buy another bike,i will register a taxi company and and now qualify for more grants. my business so far earns me a net prof of kshs 1500 per day and another 10 000 per month from farming. i use a larger junk of the money to pay school fees for my advanced diploma course at kisii university.. please help me raise the remaining kshs 30 000 so that i can advance my business.
thanks a lot.
Loan Proposal
i m interested to buy a third bike at a cost of 100 000 and with my kshs 70 000 savings,i can be able to buy it. the. if i buy another bike,i will register a taxi company and and now qualify for more grants. my business so far earns me a net prof of kshs 1500 per day and another 10 000 per month from farming. i use a larger junk of the money to pay school fees for my advanced diploma course at kisii university.. please help me raise the remaining kshs 30 000 so that i can advance my business.
thanks a lot.
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i will use the money $ 150 to buy a motorbike.
I will top up ton what i already have in terms of loans and bank credit
thanks a lot.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Jun 13, 2014
Repayment status
Late
Projected term
55 months
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