Entrepreneur
Name
George
Member since
May 2012
On-time repayments
10 installments • 0%
About Me
I AM 23YRS OLD FORM LEAVER I live and work in Ongata rongai,I opted to start my own business after school due to lack of funds to go to college. With the earnings from my business cater for my expense and I support my parents in educating my brothers and sisters.My monthly income is about 20000 per month and after deducting my expenses i am left with a saving of about 5000
My Business
I operate bodaboda a motorbike taxi in ongata rongai Kware stage where we take people to and from their home after alighting in the bus stage.The demand of the business is there as many people stay far away from the bus stage and therefore Hire my bike at a fee.the risk of my business i the cases of hijacking and some rude customers who refuse to pay as agreed.I make about 18000 per month which I pay rent 2500 house expenses 5000,and other personal expenses 2000 I get a profit of7500 per month
Loan Proposal
I want to open a small kiosk in the estate where i stay to supplement the income i get from my taxi business.I have discovered an opening in a retail of domestic goods in the near my residential area. and the amount i am asking would help in buying the stock.I have already found a space where i shall be operating from and i have already found a supply who i shall pay a deposit of 20000 for him to provide me with the stock.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$469.00
Date disbursed
Jul 6, 2012
Repayment status
Late
Projected term
11 months
Lenders
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