Kenneth

Malindi, Kenya

72% repaid

Entrepreneur

Name

Kenneth

Member since

November 2012

On-time repayments

11 installments  •  0%

About Me

my name is Kenneth Mtuto Dzengo am living at malindi my phone is 0720098935 , am married and i have ten children who we all live together at Malindi their names are as follows one is brian,kahindi,katana, faida,michael, harrison,tomas ,jonatan, alfred, fatuma. the first five of the children are working ,one is woking with kenya power and lightenig,the second one is working with kitecco bank ,the third one is a matatu driver ,the fourth one is working with county council of kilifi as the chairman while the last one ,the fifth one is a kenya army while the remaining five are still at school , where by two are at high school of malindi while the remaining three are still attaining their primary course at malindi primary school.am Nissan driver and i started this in order to earn for a living and the same time getting my daily bread and be a self depend ant.from the earnings i get i use them for the payment of school fees and for my family improvement.Again i use the earnings to assist my neighbours when they are in need and when am able to assist them .

My Business

apart from driving i had another business of Boda Boda where i have two of them meaning that i have two drivers.this Boda Boda are used to ferry kids to school and back home in the morning and in the evening respectively.there is high demand for this because they at a good condition and the drivers talk politely with the customers and the business is profitable because there is high population and many who are working ,also ther is no cases over speed hence reduce the chances of making accident ,therefore incressing or provinde more room of making profit.Although there is profit the business also faces some risks , this is like ,many people dont like to be taken to their pklace they are in need of when it is raining there fore go for matatus hence making nothing nothing at the end of the day. The Gross profit is kenya shillings thirty thousand ,expenses like repair is kenya shillings fifteen thousand and the net profit is kenya shilings fifteen thousands this has been gotte by subracting the expenses from gross profit

Loan Proposal

i will use the loan to complete buying another motor bike as it remains 20000 to complete buying another new one ..and the rest of the money will be used to renovate another bike of mine which had some problems earlier on to make the total number of bike to be 4 which will be bringing me an avarage of 400 per day which will some/up to 1600 per day totaling to 48000 per month...their about....i will be saving the money and some of it to repay the zidisha loan as well as feed my family

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$411.00

Date disbursed

Mar 29, 2013

Repayment status

Late

Projected term

12 months

Lenders

G

grizu

dortmund, Germany

aarongabrielson

Heber City, United States

Sundstroms

Falun, Sweden

J

jzidi

Los Angeles, United States

I

IanPate

Victoria, Canada

Ask Kenneth a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...