Name
John
Member since
July 2012
On-time repayments
26 installments • 23%
I am 37yrs old married with four children of school going age. all in school.I have a form four level of education and i live and stay in ongata rongai an outskirt town of Nairobi. i started my business Five years ago to make a living after being in informal employment for some years where i was not able to support my family. with my monthly income of about 30000 i am able to educate and feed my family and support my parents.
I am a motorbike taxi rider where i ferry people from Kware bus stage in ongata rongai to and from their homes. there is high demand for such services as the homes are very far from the main road and bus stage and some interior roads are not accessed by cars. i have many customers due to my experience maturity and characters people trust me unlike my competitors who are younger than me. The business is profitable as the cost of running a motorbike are very law
I want to purchase a taxi vehicle as i want to shift from the motorbike tax since it affects my health during bad weather. i will though not abandon my motorbike bodaboda as i will employee somebody to run it.
A vehicle is good since it has big capacity for my already established customers and i will use the three years experience that i have in the taxi business to enhance the business.
It will also be convenient as I will be using it to transport my customers to long distances which I had not been doing with my bodaboda motorbike
I will also use the vehicle to push my charcoal business forward as i will be using it to deliver the charcoal to my customers' door step during day time think this will increase the number of customers that I have which will increase my profits.
Positive
18
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$1,368.00
Date disbursed
Apr 25, 2013
Repayment status
On Time
Projected term
13 months
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