New tires for my motorbike taxi

Eric

Kakamega Shitaho, Kenya

100% repaid

Entrepreneur

Name

Eric

Member since

January 2016

On-time repayments

88 installments  •  33%

About Me

I am the last born child in a family of six, five boys and one girl. i was born in shitaho village shirere sub location in 1983 and started my nursery and primary education in 1988 at shitaho primary school where i did my standard eight exams kenya certificate of primary education in 2002. i latter trained as driver and started small scale farming at our home in 2004 i started my business as a bicycle operator in kakamega town i left for the city in Nairobi and after working their for 4 years i went back to kakamega and in 2010 i started my moto cycle business as an operator. i have since grown from being an employee to purchasing my own motor bike, i have developed a big network of clients and the business has really grown. i am married and blessed with four children.

My Business

My business starts in the morning where i take children to school and latter transport other business and office workers to their places of work. My services are charged at ksh.50 ($0.5) to and from town, i make an average of ksh. 700 ($7) per day and spend about Ksh.200 ($2) per day on fuel this gives me an average net of Ksh.500 ($5) per day. with the profit i am able to meet all my basic necessities and pay my other bills.

Loan Proposal

i would like to request zidisha to facilitate me with a loan to purchase new motor bike tires to enable me do my business with ease and efficiency. one quality tire costs Ksh.4300($43) and i will purchase a pair costing ksh.8600($86) i know with good conditioned tires i will be able to access all prts of kakamega irregardless of the weather hence make more money and repay the loan on time.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$200.00

Date disbursed

Jan 27, 2016

Repayment status

On Time

Projected term

9 months

Lenders

Paul Buchheit

Mountain View, United States

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