Entrepreneur
Name
Zephaniah
Member since
August 2016
On-time repayments
313 installments • 81%
About Me
I'm a 30 year old man engaged currently in transport business.
I'm married with a family of 3 children who are all schooling.
I'm the sole bread winner although we used to work together with my wife on the farm.
I lost a lease on the farm I had leased and therefore decided to use the savings I had kept to acquire a second hand motor van which I use for public transport.
My Business
I'm currently engaged in public transport business with the van I acquired. The van is like a taxi but with a 14 passenger carrying capacity. The business is organised in such a way that you operate on a given route and is fully regulated by various government agencies.
In the same industry one can choose to operate long distances across the country or short distances within the city or rural set-up. I operate on short distances within the city.
Loan Proposal
Dear friends.
I'm grateful for your help this far. I was in vegetables farming business which has enabled me to take care of my family and also keep some savings. Since I had legal challenges for the property I had leased I decided to venture into public transport business. Through my savings and also help from friends I acquired a second hand motor vehicle which I have been working with.
Unfortunately, my business suffered from a misfortune where the motor vehicle was involved in an accident. Luckily there were only minor injuries recorded which was handed by the insurance company since it was a third party insurance cover which only catered for the passengers.
My vehicle currently requires some repairs and I'm stuck financially and therefore request for your help.
Regards.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,237.00
Date disbursed
Aug 15, 2021
Repayment status
Late
Projected term
15 months
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Dean Suminski Jul 25, 2017
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