Motorbike taxi

Entrepreneur

About Me

I am abdulkarim shaaban.i come from a humble family of 7 members.i am the second born.i reside in freehold estate in Nakuru county.i studied at Kabarak university located in Nakuru county.i attained second class honors in bachelor of commerce finance option.i have also studied certified public accounts and finished the whole course.i am now a certified accountant.i work as an accountant in transport logistics company in Mombasa county.my work entails recording expenses and income,filing returns to the Kenya revenue authority(KRA) and supervise other employees.from the 5years experience i have achieved in the transport business,i now plan to start my own with a small capital that God willing will achieve from this organisation.

My Business

My monthly salary from employment is ksh.40,000 which translate to almost $400 dollars per month.from the proceed i anticipate to get from the organization ,i intend to purchase a public service vehicle worth ksh.450,000 which translate to $4,500.the vehicle is commonly known in our country as tuktuk.it ferries commuters withing the town for some fee.If all goes well the tuktuk will be able to cover its expenses,be able to repay itself,and in the long run make enough profit to be able to purchase another one.some of the expenses that will arise from the operation of the tuktuk is salary for the driver,fuel,municipal license,insurance and mechanical repairs.the tuktuk will be able to generate a monthly income of ksh.30,000 and monthly cost of 10,000.I plan also to cheap part of my salary to boost the loan repayment to be able finish repaying in the earliest time possible.Looking forward for your consideration.

Loan Proposal

I intend to add the loan i have requested to the amount i have saved in my account to able to purchase a motorbike and used it as a taxi.I have greatly researched on that line of business and found it to be a feasable venture.The returns earned from the motorbike will be able to cover its expenses such as maintenance,fuel,salary of the driver,insurance and also to pay its loan.I n the long run i intend to expand my business and own a tuktuk taxi.This is my second loan i am applying from succesfully completing paying the first one.

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