Paul
Kabati-naivasha, Kenya
$0 to go
100% funded of $500 goal
0
days left
Entrepreneur
Name
Paul
Member since
May 2012
On-time repayments
11 installments • 0%
About Me
am married with two children who are all schooling.i live in kabatini in naivasha town i live in plot 10-b with my family my wife also is a business woman in the center where we stay she have a green grocery in this plot and when she need product from far i help him before i go to my businesses of bodaboda in the town where i do my business till evening when i will return with what i got in my business and her business earning and mine help our child to pay school fees and other need in family
My Business
my business entail in transport.of passenger with motor cycle in this area.the business is marketable in thi area and the demand of my service is very high .and the business is profitable because when customer is in a place where he can't reach bus stage they call bodaboda and i have given them my phone number .the main challenges that this business encounter is lack of security poor infrastructure of the road in the area high price of fuel and lack of finance to buy a new bike when it became old.
Loan Proposal
i want to buy new motorbike worth 95,000 including insurance and in that way i will be able to do my business without my motorbike breakdown. at this time my bike have been having some mechanical problem thus making this business in loss,i have a person who want this bike to use in his work and i want to add this money to the loan i will get to buy a new one and also i have the saving of about 25,000 which i will add also.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$500.00
Date disbursed
Nov 14, 2012
Repayment status
Late
Projected term
12 months
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