New tyre and shock absorber for my motorbike taxi

Said

Malindi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Said

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 the loan I will buy new front tyre and shock absorbers which will cost USD 50 and USD 45 respectively. This will help in areas where there is poor roads and hence help in reduction of daily repairs and maintenance. With these I hope to maintain my customers and the motorbike condition.