Caroline Jomo

Kilifi, Kenya

100% repaid

Entrepreneur

Name

Caroline Jomo

Member since

September 2012

On-time repayments

333 installments  •  29%

About Me

i am a single women am working as a assistant administrator at keiway mining and technology college in Kilifi, i studied at Magnet High School, Kenya Institute of management for my diploma in Business Management and Human resources management, I bought motorcycle for transportation and i want to add another one so that i can expand my business

My Business

I own motorcycle for transportation, i employed one rider whom i make sure give me 400kshs daily, and the rest he can pay himself with and he works with it for 27 days in a month which i get 10,800 a month and the maintenance is around 1000kshs monthly depending on the weather. my customers prefer my services because my rider is always on time and very trustworthy, mostly he transport working professional to work and also late night he transport youths from clubs to their residential areas.

Loan Proposal

i will be buying a second hand motorbike and then renovate or repair it for transportation business, currently i have one motorbike and i wanted to add another one so as to increases my income and also to expand the business.
my target is to own a fleet of 15 motorbikes and that is why i made contact with zidisha to help me expand my business.and i will be making sure that the income that the motorbike bring will be enough to pay back the loan on time or before the end of the year so that i can apply for another loan with the Zidisha.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$416.67

Date disbursed

Nov 21, 2012

Repayment status

On Time

Projected term

20 months

Cost to entrepreneur

Lender interest: $416.67 at 4.02% annual rate over 20 months = $28.57

Service fee: $24.79

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