Loan to do a car trade in

Patrick

Nairobi Umoja Estate, Kenya

100% repaid

Follow Patrick

How it Works

Entrepreneur

Name

Patrick

Member since

February 2014

On-time repayments

124 installments • 66%

About Me

My name is Patrick Nduati Karanja.l am 40 years old and married with 2 kids.My son Adrian is turning 5 years next month and I have another son who's two weeks old. l live in umoja estate in Nairobi,kenya.l am a businessman and i hire tents and plastic chairs for events.l also have 2 cars that operate as taxis.l was raised by a single parent,my mum.l am the first born in the family of four and my two sisters live abroad,in Germany and Netherlands.l live with our last born sister as my mum is deceased.l have always been business minded since i was a little boy and i enjoy being independent.l pay my rent,pay bills and proide food and clothing for my family.l always thank God for what i have.

My Business

l have 4 tents and 350 plastic chairs which i hire out.l hire out the tents from $20 -$40 per tent per day and $1 per 10 chairs per day. This business is usually good between Friday and Sunday when most people are having events such as weddings and and other social gatherings. l get between $40-$50 per week.

I am also in transport business where I own two cars that I use as taxis to ferry people for short distances within the city of Nairobi. I make a total of about $60 per vehicle per week after all expenses are paid. I am glad I am doing relatively well in both business but challenges still abound especially in the transport business. From tire replacement, insurance cover and general maintenance - all these keep me on my toes all the time.

I am glad that since I joined Zidisha over a year ago, the loans I have been getting have eased these pressures significantly. Hopefully, with more credit, I will be able to secure financial freedom that I so much desire.

Loan Proposal

As aforementioned, I am in taxi business where I ferry passengers from one point to their destinations e.g, from airport to the city center. I run two vehicles and the nature of my business dictates that they should be in proper working condition.

For this reason, I need to trade in one of the vehicles with another one which is not as old. I need $900 to accomplish this transaction. This loan with my own savings will be sufficient to do it.

I am optimistic that you will support me once more as you have done in the past.

Thank you.