Adding new seats to cab for taxi business
Paul
Kingongo,nyeri,kenya, Kenya
100% repaid
Entrepreneur
Name
Paul
Member since
January 2015
On-time repayments
49 installments • 39%
About Me
My name is Paul Ngatia Ndungu. I was born in Central , Kenya, in Nyeri District,in the Year 1988.I have gone through the primary school and secondary school Education ,Thanks to my parents for the effort they made to cater for my education.I later joined Kimathi Polytechnic for Business Management Course .
After my college education i was unable to secure a job and landed to be a Public Service Tout,where i have worked and joined other Touts for merry go round group and made my savings taking soft loans and repaying until it reached a time ,i.e last December 2014 i was able to buy a cab which i intend to make it a passenger service vehicle and become my own boss.
About my hobbies, i love spending my time checking on the environment around me i.e making sure atleast in every three weeks i plant about 3 to 4 Trees in my area ,i have done this for the last 2 Years now and the ones i have planted are doing well although some have not made it, also listening to Gospel music it makes me feel inspired day by day.
My Business
With the purchase of a cab i am now transforming this Cab to a Public Service Vehicle Where now i will be the one managing it and also create employment.Venturing in this Sector especially in this area it is so advantageous because the industry here has grown so tremendously because of the Re carpeting of the roads here in this area.I choose this kind of business because ,i have the experience of it ,and also i have seen and have the strategies to grow to own fleet of P.S.V vehicles .
Currently this Cab has costed me atleast USD 7,800 catering from purchase and putting all that is required for it to comply with the industry regulations,this Cab will be able to make a revenue of USD 41 per day after all deductions are made,the profit that i will earn from this business, i will utilize it with repayment of the loan ,saving for the future progress and upkeep of my livelihood. The rainfall here is good and the food here is in plenty making people to be more hard working .To sufficiently put every thing in order and in place , I have no option but to increase my inventory. This will require financial assistance in the form of a loan, and that is what my application is based on to ignite my endeavor .
Thank You very much for your kind support.
Loan Proposal
I take this opportunity to pass my regards to Zidisha Team for making me to have a chance to benefit from this platform for the loan to improve my business,and acknowledge your effort to help small and upcoming entrepreneurs,for this loan i am going to take it to the buying of the seats of the Cabs that will cost USD 88,This will be of great help because after the seats are in place the Cab will be ready for work and offering service of transport to the clients.The profits will assist on repaying of the loan and upkeep of my life ,and not forgetting to save for future progress .Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 4, 2015
Repayment status
On Time
Projected term
7 months
Other loans
Lenders
Eldred, United States
South Bend, United States
Montreal, Canada
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