Buy another motorbike taxi to hire an employee

Collins Raini

Laundy, Kenya

100% repaid

Entrepreneur

Name

Collins Raini

Location

Laundy, Kenya

On-time repayments

148 weekly installments  •  39%

About Me

I was raised in rural Kenya in a middle income family, that practiced tea farming. After i completed my high school studies i came to Nairobi where i secured a job in a cloth Manufacturing factory as a machine operator.
I used to be paid 9000 shilling a month, which is very little money in Nairobi.
S i decided to quit this job and start a business of my own to meet my daily needs.
I am married and i have two kids whom i desire to give good and education.

My Business

My business is of boda boda business, where i ferry people from one estate to another within Nairobi town. It is a nice business because the population within Nairobi is very high and most people like to use motobikes because it is convenient and faster, as well as cheap as compared to other means of transport.
I bought a second hand motobike and i want to raise more money so as to buy a new motobike which is easy to maintain.

I make approximately one thousand kenyan shillings every day with which i pay my rent, and pay school fees for my children.

Loan Proposal

I need to buy another motobike so that i can employ another person.
300 dollars for a motobike
I will save this money and ask for another loan from the bank so as to be enough to buy a bike
I will also use part of the money to pay fees for my kids

Feedback

3

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Loan Info

Project Type

Classic Loan

Disbursed amount

$321.00

Date disbursed

Mar 20, 2016

Repayment status

On Time

Projected term

5 months

Cost to entrepreneur

Service fee: $16.06

Lenders

BM

Benedicte Monroe

Sarasota// Phnom Penh, United States

MarktheMormon

Sandy, Utah, United States

C

cjmenchaca

Austin, United States

F

flaguy999

Tampa, United States

R

RJonR

United States

Paul Buchheit

Mountain View, United States

SL

Samuel Le

Seattle, WA, United States

S

Staf

Humbeek, Belgium

Matt B

Stratford Upon Avon, United Kingdom

PG

Paul Graham

United States

Arend Thorp

Brooklyn, NY, United States

C

Christian

Switzerland

P

Peter

Bratislava, Slovakia

Taylor

Memphis, United States

SP

Svetlin Panayotov

Targovishte, Bulgaria

Craig Newmark

United States

The Zinc Team

San Francisco, United States

WS

Warren Shen

United States

Curious Customs

Austin, Texas, United States

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