New tires for motorcycle bodaboda

Sammy

Kilifi, Kenya

100% repaid

Entrepreneur

Name

Sammy

Member since

August 2016

On-time repayments

70 installments  •  21%

About Me

was born and raised at Nakuru town. even though moved to coast in year 2008 where l do stay currently.
l own a motorcycle that l use to earn my daily bread. this was after realizing how greatly the bodaboda industry is thriving within this region.
coast people are very friendly and always eager to help.
l enjoy reading whenever am free.

My Business

My business entails transporting people from one region to another and goods.motorcycle transportation is on demand since it's cheap affordable to most people and convenient because it's easy to get into the interior parts.the expenses in this business include fuel cost,license cost,insurance cost ,maintenance cost that amount to US 69 per month.this leaves a profit margin of approximately US 89 per month.the profit I get I use in reinvestment where I use 30% of the profit as I save the rest.

Loan Proposal

the amount will be essential in servicing my motorbike, I will buy it some new tires which cost approximately kes 500, buy some tube which cost kes 300, buy it new driving set that cost kes 1000 and have its oil changed which cost kes 300. Hence the amount applied will come in handy to assist in raising amount l require for the service to be successful.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$6.00

Date disbursed

Oct 14, 2016

Repayment status

On Time

Projected term

4 weeks

Lenders

David McLauchlan

Seattle, United States

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