New tyres for the taxi

Daniel Maingi

Umoja, Kenya

100% repaid

Entrepreneur

Name

Daniel Maingi

Member since

November 2014

On-time repayments

87 installments  •  91%

About Me

born in mwea gategi i went to school in the village and later i managed to join lenana school and went to jomo kenyatta university where i did course information technology .i love technology and its my dream that one day i will have a big venture that empowers other youth in terms of job creation to enable them also earn a living .

My Business

Got a loan and managed to stock my mpesa phone .4years down the line I sold the shop and bought a taxi(cab) which I employed someone to drive in Nairobi.the cab makes Ksh 2000 per day thus Ksh 12,000 per week.have run the business for years and managed to buy a second cab and yet employed a driver.now making Ksh 24,000 per week .
Due to the covid 19 I have also added my big Toyota wish to my feet of cabs and I will be driving it to make more money and the government has gone easy on working hours that more business.now running 3vehicles making ksh 6000 per day.

Loan Proposal

When I get the loan I will buy new tyres for the taxi thus less puncture time which means it will be on the road all the time and make more money

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$173.16

Date disbursed

Nov 19, 2019

Repayment status

On Time

Projected term

2 weeks

Cost to entrepreneur

Service fee: $7.29

Credit risk payment: $32.10

Optional expediting fee: $7.29

Lenders

Vratik Krocik

Prague, Czech Republic

Paul Buchheit

Mountain View, United States

M

Malte

Switzerland

Sayuri

United Kingdom

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