License/business permit for taxi business

Alfred

Nairobi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Alfred

Member since

November 2015

On-time repayments

134 installments • 99%

About Me

Am first born of a family of five. Born, Raised and went to school in the city for pretty much of my education life. My dad was a civil servant, while mum was a house wife who passed on when i was still a child. Dad had to remarry again a housewife.By the time i was getting to college life my dads age of retirement had come and I have had to work extra to ensure all my siblings behind me get an education that will sustain them in future.
Am glad they have all achieved college education. It hasnt been easy though, it been trial here and there and loans here and there.
I have tried so many things, done juice business, opened a play station games shop for kids, tried sugarcane farming, now am into poultry, maize, and dairy farming things that i naturally love.
While my passion for agriculture remains, I have also bought land with intention to open shops as part of different revenue streams and assist me educate my siblings.
I have seen an opportunity in the uber/taxify/little cab business which i also want to try.
One of my unique hobbies is reading biographies of people who have made it from zero. I teach my children to think business, I would love for them to create opportunities and employ people.

My Business

Taxi business using phone apps ie uber/taxify/etc
My intended business is to join my car into the mobile taxi platform. I have purchased a vehicle engine 1.3 litres which i want to enrol into the uber business.
Am seeking loan
1. To fit in a tracker. (200 dollars)
2. To purchase alarm system. (200 dollars)
3. To purchase all year license. (200 dollars)

The average expected pay from daily collection is 20 dollars. Per month (25days) collection is 500 dollars.
Expenses include vehicle servicing - 100 dollars monthly.
Per year total collection 6000 dollars
Per year expenses; servicing-1200
Tyres- 600 dollars
Insurance 350 dollars
License renewal 200 dollar.
Expected income 3500-3800 dollar

This income should allow me complete stalled real estate projects, it would also allow me now focus on laying good foundation to my own family.
Looking forward to my patners support in this.

Loan Proposal

The loan am requesting is to help me pay facillitation fee to start a taxi business using available mobile applications such as uber, taxify etc
The amount is to be used in the manner below
1. Business license (per year) - 200 dollars
2. Car track facillity - 200 dollars
3. Car alarm system - 200 dollars

The above are pre requisite requirement before joining the taxi companies.
I have a vehicle that meet their requirements which is already insured.