Purchase spare motorbike parts for my transportation business

Peter

Naivasha, Kenya

49% repaid

Follow Peter

How it Works

Entrepreneur

Name

Peter

Member since

November 2015

On-time repayments

203 installments • 50%

About Me

My name is peter mwangi wanjiku, am the 5th born in our family. I was born and brought up in the village setup. Later when i grew up i relocated to NAIVASHA Town where i have now lived for the last 15 years.In my childhood stage we experienced a lot of challenges when we were growing up, that never kept us going because though i never made it to have a good background of education, i have been able to achieve various goals in life.1 i was able to buy myself a motorbike that i do business with for the last 7 years.It is not my best job because it has so many challenges like illnesses and sometimes you are forced to work even at late night which is very risky because of insecurity. However with all the challenges i have been able to achieve a few goal. I managed to marry and now i have a young family that i have been taking care of

My Business

I i operate a boda boda(mortobike business) business which i use as a tax to earn a living. it is not a very good business but i thank God for having made me purchase mortobike that helps me in the daily upkeep of me and my family.This business has a lot of customers because Naivasha is big town so has many people who use them for transport services transport..This business makes earn between ksh 1000 to 1500 per day.Whatever i earn i use it for the upkeep of myself as well as my family

Loan Proposal

First and foremost is to thank you lenders for the support so far. I want to purchase some spare parts like shock absorbers That will cost me KES 7,800 , modified madgurds at a cost of KES 4000. Also some other repairs and Labour that will also cost me me some extra cash. The total cost Will be at around KES 21,000 . This repair will help my boda boda motorbike last for another 4 years without much repairs. I will use the rest KES 9,000 TO purchase some house hold items since my mortobike Will be in garage and I don't have another source of income.