Loan to pay my education fees

Daniel

Njoro, Kenya

100% repaid

Entrepreneur

Name

Daniel

Member since

September 2016

On-time repayments

6 installments  •  33%

About Me

I am Daniel a resident on Njoro, i schooled at the Hillsgate Primary school in Njoro before joining Nakuru High school. Successfully completion of my high school took place early this year where i completed my high school education. I was suppose to join the university but never managed because immediately after finishing my high school and eventuality occurred and i lost my father, i lost my father through a fatal accident that happened along the Nakuru- Nairobi Highway.
I took me quite sometime to come to the reality of losing my father who was my only bread winner, my mother had passed on early on when i was still young and in Primary school.
I was there only child and therefore had to pick up the pieces and carry on. My father owned a garage where he used to repair broken cars and also sell cars spare parts. Being left alone to manage the shop was a challenge because i did not have any idea about the shop and anything operating there.
It is now my business which i have closed it down because i don't want too operate at a loss. I have some money that i want to use in addition to the loan that i am advancing so as to attended a program where i can learn all the parts of a car, there functions, there prices and thus use the same knowledge to run my late father's garage.

My Business

I engage in the sale of car parts which was a responsibility left to me after the demise of my father, this services are useful because in our town, my fathers shop was well known in the area and thus many people could flock to buy this the spare parts because of the good rapport that he had established with his close friends. It is also on demand because there are only two shops selling spare parts in the region our being one of them.
I chose the business because i was left with no other option after the death of my father who was running the business and educating me from the cash that he generated from the business. i am therefore planning to advance some money and attend a training that will take approximately 2 weeks on the familiarization of the cars parts, uses of those parts, prices and where to get them if need arises. This will help me run the business quite smoothly

Loan Proposal

Given the loan, i will use the money to attend a training session where i will learn on various parts of a car, there functions or roles, their prices and so on. The program will take m2 weeks and cost 30 Us dollars, with 5 Us dollars, i will add 25 more Us dollars and attend the training.
I will benefit from this because with knowledge in this car parts, i will be in a position to run my late fathers shop quite well and as expected because i will be selling items that i am conversant with thus making profits and not loses.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$6.00

Date disbursed

Sep 25, 2016

Repayment status

On Time

Projected term

7 weeks

Lenders

Seppo Ruohonen

Vantaa, Finland

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