Spare parts for repairing my motorbike taxi

Said Mondo

Malindi, Kenya

100% repaid

Entrepreneur

Name

Said Mondo

Member since

February 2015

On-time repayments

292 installments  •  55%

About Me

I was brought up in a poor background. Went to primary school and through bursaries completed my secondary level.After school i did some hand jobs to obtain money to take care of myself, help my family and some to pay for my college fees. I ventured in motorcycle transport business (boda boda) services. Am single and like playing football during my free time.

My Business

I do motorcycle transport business services (boda boda) as it is in demand due to lack of access to public transports to homes. Less capital is required to start the business which in return has favorable profits. Revenue per month can be estimated to USD 100 and costs per month USD 30. The profits are used in reinvestment in growing the business and part to cater for my college fees and some home improvements.

Loan Proposal

With this loan i will purchase Fuel tank USD 55, Battery USD 45, exhaust pipe USD 35, chain sprocket set USD 12, clutch set USD 16, brake set USD 8, Headlight USD 10, Rear view mirror USD 6, seat cover USD 5, speedometer cable USD 5 and the balance of USD 15 will be used for fixing and minor repairs. This will enhance efficiency and increase customers and thus high income anticipated.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$213.23

Date disbursed

Dec 17, 2015

Repayment status

On Time

Projected term

8 months

Cost to entrepreneur

Service fee: $8.85

Lenders

R

rholden

glen iris, Australia

mhooper1962

London, United Kingdom

K

Keith

Luxembourg

MW

Matt Willis

United States

I

Ian

United Kingdom

Arend Thorp

Brooklyn, NY, United States

Taylor

Memphis, United States

Stephan W

Witten, Germany

J

Jane

Australia

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