Buy another motorbike taxi to hire an employee
Collins
Laundy, Kenya
100% repaid
Entrepreneur
Name
Collins
Member since
September 2015
On-time repayments
152 installments • 40%
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
Positive
3
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$321.00
Date disbursed
Mar 20, 2016
Repayment status
On Time
Projected term
5 months
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