Matatu equipment purchase

Paul

Mombasa Town, Kenya

100% repaid

Entrepreneur

Name

Paul

Member since

October 2017

On-time repayments

32 installments  •  63%

About Me

am a young man born from a peasant farmer in Kenya. am married with two kids and am also the sole bread winner for some of my simplings' children. I am also involved in educating my brothers and sisters children especially those whose parents went before us to the lord.

My Business

I run a matatu business in Kenya (psv) since it's not everyone who can afford a car in this third world country, it's a flourishing business especially in Kenya which is a third world country. my business gives me a gross revenue of ksh 100,000, with 20%of this going to recurrent expenditure like paying salaries , buying spare parts and general maitainance. Currently my unit has some worn out tyres that I would wish to replace in order to increase my units performance efficiency. kindly be part of this noble idea, and I promise to pay back in full all the monies lent to me in time.

Loan Proposal

I plan to replace two of my worn out tyres. that expenditure will cost me ksh 20,000 . I shall also make use of the balance to have a music system in the car so as to improve on the cars comfort and hence make it more appealing to customers.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$53.00

Date disbursed

Dec 9, 2017

Repayment status

On Time

Projected term

6 weeks

Lenders

Paul Buchheit

Mountain View, United States

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