Name
Benard
Member since
January 2017
On-time repayments
60 installments • 58%
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.
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
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.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$26.00
Date disbursed
Feb 5, 2017
Repayment status
Late
Projected term
3 months
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BernadetteV Oct 5, 2017
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