Purchase of a motorbike

Entrepreneur

About Me

my name is Japheth Muema. I am a Kenyan and i come from Kitui district,a remote and semi arid rural area.I'm the firstborn in a family of six.Our parents are peasant farmers and we have always depended on government relief food in our upbringing. After completing my o levels in 2001 I came to the city of Nairobi in search of greener pastures to fed for my younger siblings.I've worked as a casual labourer since then until in 2003 when I ventured into business. my first business was a second hand shoe selling, then later I joined motorcycle taxi business which I do up to date.

My Business

I'm involved in a motorcycle taxi business here in Nairobi. Due to the increased traffic in the city many people prefer to use motorcycle taxi when in a hurry.I also deliver parcels for my clients just to save them time as these days people are very busy with work.In a good day I make approximately ksh 2000(20$).out this ksh500(5$) goes to fuel then ksh 500(5$) I use to pay for the motorcycle hiring expense.the remaining amount I use for domestic purposes,like paying for my house rent,shopp

Loan Proposal

I intend to buy a motorcycle that costs $1100...make bajaj model bm150 which is best in the market and ideal for the business. this will help me cut on costs spend on paying for the hired bike which is about $120 per month.the money saved will be used to pay for fees to my brothers and also my child who is about to be born.

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