Loan to service my motorbike

Evans

Kisii, Kenya

100% repaid

Entrepreneur

Name

Evans

Member since

April 2017

On-time repayments

48 installments  •  40%

About Me

I work as a clerk in our local tea factory studied upto form four then did a diploma in business administration. I have three kids. With the passion I have for business I saved some money and bought a motorbike which I have employed an assistant who rides it.
I educate my children and take care of their daily upkeep with the help of my wife who is a house wife. They are ambitious children who intend to pursue big careers in their future life . I intend to nature them well so as they achieve their dreams.

My Business

I started the motor bike business two years ago. This business is ideal here since it is the major mode of transportation. And it is cheaper compared to taxis. I get upto USD 90.00 per month from this business. With this i am able to service the motorbike and remain with a profit of USD 50.00. I look forward two owning a fleet of motorbikes. With more motorbikes it means more employment for the youth.
With the little profit I am able to support may family's daily needs and my employee is enjoying doing this job.

Loan Proposal

My motorcycle is due for service next week. I would request for funds to take it for the regular service that costs between KES 800 to KES 1200. With good service it makes my motorcycle be roadworthy and this makmakes provision of services to be good. I also intend to replace some spares that are now mature for replacement though that will depend on the mechanic that will be handling the service. I hope to maintain my earnings and maybe increase more customers.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$6.00

Date disbursed

Jun 13, 2017

Repayment status

On Time

Projected term

7 weeks

Lenders

MarktheMormon

Sandy, Utah, United States

P

Peter

United States

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