Jefta transportation

Geoffrey

Nakuru, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Geoffrey

Member since

January 2016

On-time repayments

119 installments • 47%

About Me

My childhood was good thou hard as it was a middle class family, i overcame the hardships by doing brokerage jobs in transportation industry thus making me have ideas about transport industry. Our culture is diverse because we have 42 tribes and my children would like to be automobile engineers and my hobby is mountaineering as i like to strech to my limit.

My Business

My business income is from motorcycle which offers transportation services, the services are useful and have high demand as motorcycles are cheap and convinient mode of transportation. I choose this kind of business as it is easy to manage and revenue is received on a daily basis with typical costs as fuel, licance, insurance and the general service. The profits are majorly used for reinvestment as my vision is to have a leading car hire services. The business has been good and it needs tracking system for efficient management of the fleet. The cost of the tracking devices will be 240 dollars with installation cost of 40 dollars

Loan Proposal

I will use the loan as additional capital to purchase a new motorcycle after trading in the old one as a new asset will incur less repair and maintenance costs which will enhance an increase in revenue as the motorcycle will be used for taxi business