Loan to start up a business for my wife

Kenneth

Sotik, Kenya

98% repaid

Entrepreneur

Name

Kenneth

Member since

July 2017

On-time repayments

60 installments  •  42%

About Me

My name is Kenneth Moiy, a class seven drop out from Sotik primary school. I ended my education at that level having lacked finances. I was raised by a single mum who was also supporting my other siblings and thus i was hard for her to educate all of us. Having left school therefore, i decided to venture into transportation sector so as to make a living from it. i had skills in riding motorbike and my uncle employed me to ride his bike for him. i used to pay him 3 us dollars per day pocket the remaining amount that i generate each and everyday. That is how i started my transportation business. my hobby is

My Business

my Job is a boda boda operator in Sotik town rift Valley, i ferry people using my bike from place to place.
These services are useful in that it offers convenient transportation over short distance and for these very reason it's demand is always high. i chose these business having acquired skills in the same field from a friend who trained me using his bike.
 From the profits that i make, i support my mother in educating my siblings well as save some money as i plan to buy my own motorcycle

Loan Proposal

i will invest these loan plus some savings that we have been putting together with my wife to start up a business for her, i wish to help her start a grocery business. Therefore with the 25 us dollars and the savings of 150 us dollars that we already have, we will invest the money into building the grocer and buying the needed items.
It will personally benefit so much from the same because with the business running, we can be sharing the expenditure in the house

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$40.00

Date disbursed

Jul 12, 2017

Repayment status

Late

Projected term

5 months

Other loans

Lenders

Humble Bundle Community

San Francisco, United States

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