Repair and repaint truck for transport business
Elijah
Mombasa, Kenya
100% repaid
Entrepreneur
Name
Elijah
Member since
May 2015
On-time repayments
37 installments • 62%
About Me
I was born of a civil servant father and a stay home mum deep in the village of mwimuto on the outskirts of Nairobi city.I started my formal education like any kid of the village at a village known as Ngorika deep in the Nyandarua hills facing the aberdare ranges.
My secondary school was Pumwani Boys H Schl,thereafter went to an electricity utility company and worked for seven years.I quit to start my hustling and with time I was able to get a loan to purchase a truck to supply building materials.The business has considerably grown over time and now I have three trucks.
I live in Mombasa which has a rich cultural diversity and the Indian Ocean,Fort Jesus are quite unique historical features.My children want to have their own destiny when they are of age.I play squash during my spare time.
My Business
Am in the transport business supplying construction materials to various clientele.
This include aggregates,river sand,building blocks and many others.These goods are in high demand due to the robust construction going on all over.
I chose this line of business due to the high demand for transportation and supply of the materials.My greatest costs are in the operations and maintenance of the trucks,wages and taxes.My revenue is relatively fair and the busier I am the better.
My profits are greatly utilised to educate my children and support my elderly mother.some of it also to support the less fortunate in society where i am educating two children who's mother is unable to educate them.
Loan Proposal
Repainting and refurbishment of the truck.in doing this and improving on its appearance will definitely attract more clients and it will appear very well maintained.
Cost will be 500$ or thereabouts which will cover the labor costs and purchase of the materials for the refurbishment which will include dollar,thinner,primer,sand papers and for higher of the compressor machine.
Feedback
Positive
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Jun 3, 2015
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
South Africa
Chile
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Summary
Amount repaid
$52.64
Amount remaining
$0.00
Date repaid
Jul 20, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jun 14, 2015 | $8.77 | Jun 13, 2015 | $8.77 |
| Jun 21, 2015 | $8.77 | Jun 13, 2015 | $7.02 |
| Jun 21, 2015 | $1.75 | ||
| Jun 28, 2015 | $8.77 | Jun 21, 2015 | $2.99 |
| Jun 28, 2015 | $5.78 | ||
| Jul 5, 2015 | $8.77 | Jun 28, 2015 | $0.54 |
| Jul 4, 2015 | $8.23 | ||
| Jul 12, 2015 | $8.77 | Jul 4, 2015 | $0.19 |
| Jul 12, 2015 | $8.58 | ||
| Jul 19, 2015 | $8.80 | Jul 12, 2015 | $0.89 |
| Jul 20, 2015 | $7.91 | ||
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