Motor vehicle starter motor

Shadrack

Githurai, Kenya

100% repaid

Entrepreneur

Name

Shadrack

Member since

November 2016

On-time repayments

33 installments  •  100%

About Me

I'm fifth born in a family of eight
Parents were farmers and educated me to high school
I always wanted to be self employed so after being employed for five years started the business of transport.
I operate in an area where there is great demand for commuter vehicles and business is keeping me going.
I have two boys who I have made sure they go to a good school and one wants to an Engineer while the other wants to be a Doctor.
I like swimming and reading.

My Business

The transport business requires a lot of time and waking very early and sleeping late is the business norm.
I transport commuters from Githurai to Mwihoko and on a good day I make 10 trips and each gives me a net of Kes200.
I wanted independence and this business satisfied that.
I use the income to pay school fees and meet other domestic needs like clothing, house rent , food and anything else that needs my attention.

Loan Proposal

I will use the loan money together with my saving to buy a starter motor for my transport van. This will cost about US $ 80.
My vehicle will start easily and make working condition comfortable.
This will enable me to make more trips and increase profit.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$9.00

Date disbursed

Mar 1, 2017

Repayment status

On Time

Projected term

5 weeks

Lenders

CN

Craig Newmark

United States

Ask Shadrack a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Please log in to comment.

  • Shadrack    Dec 15, 2017

    My previous loan went into buying new tyres for my matatu which cost KES 20000 and I also some of the seat covers at KES8000 and paid for one month insurance cover for KES7500.
    This helped a lot because I was making a better profit than before and since my vehicle broke down and needed the injector pump to be changed I was able to do that from my savings. My children's school fees is paid in time and I have a happy family.

    Log in to reply • Share
  • Shadrack    Aug 13, 2017

    Thanks lenders you have given me the opportunity to continue doing business with a refurbished vehicle. Thanks

    Log in to reply • Share
  • Shadrack    Aug 5, 2017

    Dear leaders the money that I received helped me buy tyres for my matatu van and as a result i was able to do my business smoothly without worrying about getting punctures every now and then.
    Although the business has not been good in the past month i managed to a better income because i never experienced breakdowns related to the tires. My family was well taken care of and i paid the school fees in good time.

    Log in to reply • Share
  • Shadrack    May 2, 2017

    Thanks lenders I'll be able to buy new tyres for my matatu which will help me do business with ease

    Log in to reply • Share
  • Shadrack    Feb 27, 2017

    Thank you leaders I am sure that this money will help me to achieve my business goal.

    Log in to reply • Share


Loading...

Loading...

Loading...