John Maina

Kiptangwanyi, Kenya

100% repaid

Entrepreneur

Name

John Maina

Member since

October 2011

On-time repayments

21 installments  •  48%

About Me

I am married with four children who are all schooling. I live in Kiptangwanyi centre plot number 21 house number 2. I am a tenant in this plot. Kiptangwanyi centre is about 41km from Nakuru town. Matatus usually charge 200shs from Nakuru to Kiptangwanyi centre. The most recognized nearby centre is elementaita which is a colonial town and is about 11km from Kiptangwanyi. Once in Elementaita it is not difficult to reach Kiptangwanyi. I am not formally employed. this means that I have to work extra hard in this country of ours because life is very difficult here and one has to feed the children and meet all their basic needs. I therefore started a business of boda boda which i really on wholly to make ends meet for my family.

My Business

In the year 2005 I used my savings that i had been saving fro five years and I bought a motorcycle at 90000kswhich I used to transport people with in this area. being a remote area the business did not pick up well but later in the year 2007 things started picking on well. I used my savings from the motorcycle and managed to buy another motorcycle in the year 2010. the motorcycle cost me 95000ksh. I could not raise all the money and therefore i was assisted by my lending group which lend me 30000ksh. With the two motorcycles i managed to buy a mobile carwash. I use diesel to run the motor of the car wash. This has been a good move for me as I am now able to pay for my children's school fees. the main challenges that business faces are bad weather conditions especially rainfall which brings business to a stand still. other risks are fluctuating crude oil prices which affect the transport industry. currently i am using my earnings to expand my business and reach more customers as my services have been admired much by most of my customers.

Loan Proposal

I would like to add the money that I will get to some savings and buy a new motorbike. With the one I have and the new motorbike I will be able to serve more of my customers.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$367.02

Date disbursed

Apr 6, 2012

Repayment status

On Time

Projected term

12 months

Cost to entrepreneur

Lender interest: $367.02 at 1.75% annual rate over 12 months = $6.42

Service fee: $12.50

Lenders

BM

Benedicte Monroe

Sarasota// Phnom Penh, United States

valentin

Stockholm, Sweden

B

Bena

Winnipeg, Canada

bluntpixel

Durham, United Kingdom

C

catootje

Zoetermeer, Netherlands

EHTHighSchool

Egg Harbor Township, United States

Lawrence J

Winnipeg, Canada

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