Loan to buy an extra helmet for perssengers

Evans

Kisii, Kenya

95% repaid

Entrepreneur

Name

Evans

Member since

April 2017

On-time repayments

48 installments  •  40%

About Me

I work as a clerk in our local tea factory studied upto form four then did a diploma in business administration. I have three kids. With the passion I have for business I saved some money and bought a motorbike which I have employed an assistant who rides it.
I educate my children and take care of their daily upkeep with the help of my wife who is a house wife. They are ambitious children who intend to pursue big careers in their future life . I intend to nature them well so as they achieve their dreams.

My Business

I started the motor bike business two years ago. This business is ideal here since it is the major mode of transportation. And it is cheaper compared to taxis. I get upto USD 90.00 per month from this business. With this i am able to service the motorbike and remain with a profit of USD 50.00. I look forward two owning a fleet of motorbikes. With more motorbikes it means more employment for the youth.
With the little profit I am able to support may family's daily needs and my employee is enjoying doing this job.

Loan Proposal

With the new rules that were set by our government for safety of riding motorbikes that do PSV. I request for funds to purchase an extra helmet for perssengers, this will increase safety for customers and avoid rubbing the government the wrong way. Thus avoid unnecessary fines. I will at least have loyal customers that will prefer transport by my motorbike because of its safety. I will be able to increase my earnings and avoid flactuations when the market is congested. My family will be well taken care of.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$6.00

Date disbursed

May 26, 2017

Repayment status

On Time

Projected term

5 weeks

Lenders

HH

Helen Horseman

United Kingdom

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