Replace my motorbike taxi engine

Nathan

Eldoret Kenya, Kenya

100% repaid

Entrepreneur

Name

Nathan

Member since

April 2017

On-time repayments

103 installments  •  56%

About Me

My Name is Nathan Mureithi ,And I was born in the year 1986 in Uasin Gisdhu County in Rift Valley Province in the republic of Kenya Est Africa.
I started Schooling in the year 1993 in Songoliet Primary School and completed in the year 2002. and I did not continue to high school due to lack of School fees because my parent were very poor that they could not afford even manage the cost of living even in the family level.
After completing my primary Education then I begun the casual work as gardener for about 3 years .And after I had saved money for those three years then I bought a bicycle to begins boda boda business for 2 years and there after I bought a Motor bike of which am using to date as a boda boda operator business in this city of Eldoret.
Am now married with one child baby boy and is in nursery School second year that is middle class .
The unique thing in this place where am coming from is that every child is expected to provide for the family whether he has or nor.
Well my child is still too young to decide he wants to become when he grows old ,he is yet to discover himself and also decide of what he wants to be.
My unique hobby of mine is to ride with my wife and my only child now at my free time.

My Business

I provide Transport services in the City center as boda boda operator taking people to various places within the town especially in the morning hours and evening when people
This service is so important in the city center because we don't have taxis in most of roads because they are very narrow for them to use therefore the boda boda is very useful and are in high demand.
I chose this kind of business because I started this kind of job when I was very young and because it is in high demand there is ready market and my customers are ever calling on phone to be picked to various places.
My typical cost is 25,000KES
I use my profit in the following ,
1.School \fees for my child is =========10,000KES
2.Reinvestment in growing the business= 5,000KES
3.Home improvement is =============5,000KES
4. Giving to my mother in the village ====3,000KES
This is just for this year but I expect that as the business grows the expenditure will also grow in the near future.

Loan Proposal

I have planned to replace my motorbike's engine for the one that I have is very old .I always take it to garage to replace something like crank shaft and that costs me a lot of money that I found it better to replace complete engine that will cost me once and serve me for a long time. Thanks for your concerns

Feedback

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  • Claire Lewis    Jul 7, 2017

    Nathan has repaid his loan in full. Highly recommended for further funding.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$380.00

Date disbursed

Nov 16, 2017

Repayment status

On Time

Projected term

18 months

Lenders

ads68

Melbourne, Australia

F

flaguy999

Tampa, United States

I

Ian

United Kingdom

Stephan W

Witten, Germany

Tyler Metcalf

Utah, United States

K

Katherine

United States

Theo

Zürich, Switzerland

Stefan Koshold

Mülheim, Germany

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