Minor body work repairs

Andrew

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Andrew

Member since

January 2014

On-time repayments

131 installments  •  69%

About Me

I am a Christian, a family man and entrepreneur. I live in a suburb of the city of Nairobi, Kenya. It’s a pretty good, well developed, relatively safe area of the city and can also be termed as a satellite town of the city itself, as the suburb has developed into a shopping centre complete in itself in availability of services.

I am holder of an undergraduate degree in Information Systems & Technology and also undertaking a graduate program currently. Previously for nearly 10 years, I was in paid employment in the transport service industry till about 9 years ago when I decided to venture out on my own in the same industry. And today, I run my own small car hire business. It is not much at the moment but it is growing and does put bread and butter on my family's table and pays rent.

My Business

Today, I run my own small car hire business. It is not much at the moment but it is growing . The market for car hire services is broad and therefore available in spite of stiff competition. I do offer competent services based on well maintained and serviced vehicles that are reliable, an ingredient that is basic to success in this industry. And I am therefore able to stay ahead of the competition by maintaining a steady stream of clients.

Risks to the business are really not much, other than vehicle breakdowns which are an interruption to the business cycle as it may take time to put the vehicle back on the road. This results in loss of business within that layoff period. However this is manageable with express repair and maintenance services from my very able and reliable garage and mechanics.

Also, seeing as how the vehicles are now chauffeur driven, the risk of clients disappearing with the vehicle has become lower and a tracking system in the car lowers this risk even further.

On an average month, my business generates in excess of US$2,100 in revenues. The running costs range between US$900 – US$1,000. That leaves profits of US$US$1,200 – US$1,100 a month. I am making good strides and very pleased about it.

Loan Proposal

My vehicle has minor dents on the front bumper that need repairs. it will cost me about Ksh15,000 (USD145) to have the repairs done well. I am therefore seeking your funding yet again for my current loan request.
As always I am grateful for your past support and look forward to have you fund this one too.
Thank you
Andrew

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$93.00

Date disbursed

Oct 3, 2018

Repayment status

On Time

Projected term

3 months

Lenders

Paul Buchheit

Mountain View, United States

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Summary

Amount repaid

$93.87

Amount remaining

$0.00

Date repaid

Mar 15, 2019

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Oct 13, 2018 $31.30 Dec 16, 2018 $31.30
Oct 20, 2018 $13.05 Dec 16, 2018 $13.05
Oct 27, 2018 $0.00
Nov 3, 2018 $0.00
Nov 10, 2018 $0.00
Nov 17, 2018 $0.00
Nov 24, 2018 $0.00
Dec 1, 2018 $0.00
Dec 8, 2018 $0.00
Dec 15, 2018 $0.00
Dec 22, 2018 $0.00
Dec 29, 2018 $4.93 Dec 29, 2018 $4.93
Jan 5, 2019 $4.93 Jan 6, 2019 $4.93
Jan 12, 2019 $4.93 Jan 11, 2019 $4.93
Jan 19, 2019 $4.93 Jan 24, 2019 $4.93
Jan 26, 2019 $4.93 Feb 2, 2019 $4.93
Feb 2, 2019 $24.89 Mar 15, 2019 $24.89

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