Loan to buy car tyres, headlights & tail-lamps, bumper, and alternator
Fredrick
O. Rongai, Kenya
10% repaid
Entrepreneur
Name
Fredrick
Member since
September 2015
On-time repayments
65 installments • 82%
About Me
Thank you Very Much!
I am a Middle aged Man,brought up and educated like any other child in our community set up.Since i was young, i my parents used to do Manual and odd jobs to bring the food to the table.We could come home in the evening only to be called to the nearby farm where my parents were employed to do cultivation and get money to pay for our school fees and meet other needs.When i grew up to an age of acquiring basic education,i started doing jobs as a casual laborer in the neighbors farm.I raised money and went to a Driving school.I slowly started getting interest on transport but later ended up being a driver of Public transport Vehicles.This great achievement has greatly helped me to cater not only for my family but also my parents who are currently old.Later on i felt that the business of transport is doing well and finally saved some money to buy my small car for transport commonly known as 'Taxi'. Since then, i have been a great contributor towards providing food for my parents, my family and even helping my other sisters and brothers as well.what is unique about the land or culture of the place where you live is that,the society uphold the highest values of handwork,self determination and giving back to the society.On my children,they frequently says that the would like to be well educated,responsible in the society and guaranteed future of of being productive.On my hobbies,i personally love visiting needy people and orphans especially in our area where i live there are so many needy people who needs our hands for help.
Than you.
My Business
My business is a well motivating.I deal with transport of passengers with small vehicles commonly known as 'Taxi' in our local language.I simply offer services of Transport of both Passengers and luggage's from one point to another for payment.The services that i personally offer are always on high demand since people and goods have to move regularly for business and other activities.The services are mostly preferred since it does not take more time for a customer to wait for the car to fill to capacity.My Typical costs are generally on buying spare parts,Maintenance if the car,legal documents and service.
Generally,My profit goes towards supporting my old parents,Educating my children and providing basic needs to them.i also help my other siblings as well as giving back to the society.
To elaborate more on my Business future vision is that i am intending to Expand my business to add more a car and secure a better income and increased profitability.My 1 year plan is to acquire a more newer vehicle that pleases customers and has viewer mechanical problems.
About my daily business,i usually get over ten customers a day since my customers are purely those who comes to do shopping in the nearby supermarket.Other customers comes late in the evening.My profit has been so overwhelming because in a day usually get 2 to 3 thousands.All this effort is geared towards buying a newer car to offer my best services.
Than kyou.
Loan Proposal
Thank you,
When I get my next loan of USD 438.00, i will buy the most crucial spare parts that make my car look old and less maintained and customers feel
These items will include;
The four Tyre at a cost of $130.00,Head & Tail Lamps at $90.00,Bumper at a cost of $80.00, & Alternator at $65.00.I will also have the car done painted after minor scratches with dent removed at a cost of $50.00.
All the above services and spare parts will make my car almost a brand new with a good look of attracting customers.
My customers will like and get appeased by my well refurbished and new looking car and will stick with me for all their travel needs. My car now will not be stopped by traffic police because of worn out tyres and customers will be hiring it for days since it is well serviced and maintained. I expect my income to go up to USD 70.00 per day according to my projections. This will be a world class business.
Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$442.00
Date disbursed
Apr 15, 2016
Repayment status
Late
Projected term
69 months
Other loans
Lenders
Austin, United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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