Loan to expand my motorbike taxi business

Lawrence

Sefwi Anwiaso, Ghana

100% repaid

Entrepreneur

Name

Lawrence

Member since

November 2016

On-time repayments

197 installments  •  43%

About Me

Dear lenders, life people say is hard. It calls for determination and perseverance in order to succeed. At a very tender age, i went through some painful experience after my able parents passed on. I had no one to turned to in case of need and difficulties.I do not have anyone to call parents except God, my creator. I stood firm without allowing those hardships to have negative impacts on my life. All my siblings looked upon me for survival at all the time. I therefore pledged to work had so that one day , I could take care of my self and my siblings. In the course of those struggle, I met zidisha as a Savior.

My Business

I first entered into this business of ironing for money when I was in a basic school. Initially, I used to do that at my own ampple or leisure time when i am less busy. When the situation changed for the worse after the death of my parents, I had no option than tp do it on large scale. Dear lenders, now I am into motorbike business. I use the motorbike to convey or carry people and collect money. That business, in fact, is good and very helpful to me. I get money daily. I started that business with my second loan and I intend to use this my third loan to continue that business. I am expecting my profit to be increased by 15% of my existing capital.

Loan Proposal

As I have already stated, I am into motorbike taxi business. I carry people to their destinations for money with the help of the motorbike. I will use my loan to spare parts and tyres of my motorbike to enable it function more effectively to fetch me more daily income. At the end, I expect my profit to increase by 15% of my existing capital. The specific items I will buy include
Two tyres= $50
Lubricant=$100
Spare parts=$150
Helmet=$50

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$412.00

Date disbursed

Jun 15, 2017

Repayment status

On Time

Projected term

79 months

Lenders

BrassHat

Boston, United States

Paul Buchheit

Mountain View, United States

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

CN

Craig Newmark

United States

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