I want to repair and paint my tuktuk

Humphrey Malenya

Kakamega, Kenya

100% repaid

Entrepreneur

Name

Humphrey Malenya

Member since

January 2014

On-time repayments

36 installments  •  47%

About Me

i am young energetic guy 24 years of age from a family of five,my two brothers,one step sister,my mother and I.currently i am running a taxi business where i use a three wheeled vehicle popularly known as a tuktuk here in Kenya.I ferry passengers from one destination to the other with the price depending on the distance that one goes to. I also carry l peoples stuff and this is this is the most profitable part as it is more costly and i started this business two years ago with the money i saved after working f in the local construction companies in our estate.before starting this job, life was very hard such that we sometimes went without meals.i just kept on working hard and through the love of God i managed to save 2000 dollars and bought this second hand machine.I am now getting my livelihood through the funds i get from this job.I WOULD NOW LIKE TO APPLY FOR A LOAN IN YOUR ORGANIZATION SO THAT I CAN BE ABLE TO REPAIR THIS TAXI OF MINE AND BUY NEW TYRES.THANK YOU FOR THE SUPPORT

My Business

I would like to apply for a loan of 302 dollars in this precious organization so that i can ,manage to buy tyres for my vehicle,do painting and do some engine repair so that its efficiency can increase and in the end to get maximum profitability in my business.i started this business with the sole aim of improving my financial standing and also to promote and boost the economy of my beloved country.This business has got good profitability and also its maintenance cost is much lower compared to other business.my daily collections totals to 17 dollars a day and after removing the fueling and other local authorities rates, i remain with 10 dollars as my daily profit.when given this loan , i will repay in the best time possible as promised.please help me achieve my dreams.expenses ,i remain with

Loan Proposal

HI LENDERS,THANK YOU FOR GIVING ME THIS OPPORTUNITY TO APPLY FOR A THIRD LOAN IN YOUR ORGANIZATION.WITH THIS LOAN, I AM GOING TO PAINT MY TUKTUK AND TO DO SOME OILING AND LUBRICATION IN THE MACHINE,I AM ALSO GOING TO USE PART OF THE MONEY TO PAY FOR THE MUNICIPAL RATES .WITH THE VEHICLE IN GOOD CONDITION,I WILL BE ABLE TO INCREASE MY DAILY COLLECTIONS AND ALSO TO INCREASE MY CUSTOMER SATISFACTION.I WILL USE THIS LOAN AS FOLLOWS
40 DOLLARS WILL BE USED FOR OILING,6 DOLLARS WILL BE USED FOR PAYING THE MUNICIPAL RATES AND THE REMAINING 50 DOLLARS WILL BE USED FOR PAINTING OF THE TUKTUK.I BELIEVE THAT I WILL REPAY YOUR LOAN IN TIME USING THE INCOME I WILL GET FROM THE BUSINESS.THANK YOU AND MAY GOD BLESS YOU

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Loan Info

Project Type

Classic Loan

Disbursed amount

$96.28

Date disbursed

Jun 5, 2014

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Lender interest: $96.28 at 13.44% annual rate over 1 month = $1.49

Service fee: $0.40

Lenders

A

AlexCheng

Seattle, United States

H

HildeK

Rogaland, Norway

D

DavidJSmu

North Attleboro, MA, United States

A

Anonymous

United Kingdom

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