Loan application to boost my taxi business

Shadrack

Nairobi, Kenya

Funds disbursed

$0 to go

100% funded of $91 goal

0

days left

Entrepreneur

Name

Shadrack

Member since

July 2014

On-time repayments

6 installments  •  0%

About Me

I am a Public Health consultant and at the same time a passionate entrepreneur, I own a taxi and I have been in transport business for the last ten months and I have been getting consistent profits for the entire investment period of which am able to get approximately 40 US D per day, I have a large clientele which is attracted by my pricing and the quality of services I offer to them. The big challenge am going through is that I haven’t registered my taxi with any transport company and am therefore experiencing had times as I try to manage it, the big dream I have is to register my own transport company in future. And in the mean time I want to register my taxi with the best company since its one and am required approximately 200 US D to register with that Transport Company for both goodwill (150 US D) and agreement fee(50 US D) of which am very confident that I will get through successfully with your support.

My Business

I am in transport business, and so far I own one taxi which has a capacity to carry up to 7 passengers at a go. My revenue is approximately 40 US D per day of which is enough to service the car, pay the driver and also put a side some savings for buying a second car, currently I want to register my taxi with a transport company so that am relieved off the managerial tasks which interrupts more with my career since I have to contact the driver and get to know where he is, being awarded a loan of approximately 200 US D I will be in a position to register my taxi in the best transport company and I will use my profits from the business and my salary from my career to pay back the loan either on weekly or monthly basis depending with your terms. I look forward to keeping you updated on the progress of my business.

Loan Proposal

Given this loan, i will add it to my savings and commit it to improve my Taxi business that is register my Taxi with a leading Taxi company in Kenya, which will offload me the managerial task associated to it plus will earn me more income to be in a position to buy another car, for i have a big dream to have a registeredTaxi firm in the next five years with not less than fifty cars for hiring.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$91.00

Date disbursed

Dec 1, 2014

Repayment status

Late

Projected term

6 weeks

Lenders

T

thejacobnorton

Jubail, Saudi Arabia

McJulio

New Jersey, United States

neocodesoftware

vancouver, Canada

Evan Lamos

Brussels, Belgium

T

thebonseung

Republic of Korea

Matching Fund

Sterling, United States

C

CSM

Berlin, Germany

LC

L. Camila

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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