Motorbike for transport business

Benard

Eldoret, Kenya

96% repaid

Entrepreneur

Name

Benard

Member since

January 2017

On-time repayments

60 installments  •  58%

About Me

i was born in Eldoret town, the place is commonly referred to as the City of champions by many Kenyans, i schooled at Kamagut primary school, Umoja secondary school and dropped out of school while if four three because my father refused to pay mu=y school fees, he was an alcoholic ad thus a lot of his money was invested into taking alcohol as opposed to taking care of his family.
I owned a bike that i used it to ferry myself to school each morning and back home, with the bike i decided top start transport business in town as i wanted to support my sibling in school since my father had failed to take care of them.

My Business

I offer transport services in Eldoret town using the bike that i own, i have been doing this for the past six years and God has always been faithful to me as i have managed to educate my siblings who are both in primary school and secondary school.
I chose these business as it was the only available opportunity for me to venture into at that particular time when i dropped out of school.
I have been using my profits mostly to educate my siblings, support my mother and father as well as support my transport business

Loan Proposal

I will use the loan ones i get it to buy a new motorbike for the transport business, a new ones goes for 600 Us dollars, i have made good savings from my business and thus if i get the loan, i can make this purchase possible.
I will benefit from the motorbike because it will help me cover i wider area of transportation as opposed to the cycling of the bicycle and this will mean i will increase my profits.
I expect to now carry out three different kind of business, two from the bicycle and one from the new motorbike. I will be in a better position to pay school fees for my young ones without struggling so much. I expect my daily earnings to increase from 40 Us dollars to around 70 dollars.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$26.00

Date disbursed

Feb 5, 2017

Repayment status

Late

Projected term

3 months

Lenders

PG

Paul Graham

United States

RC

Roy Chicky Arad

tel aviv, Israel, Israel

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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