Purchase of insurance policy

Benson

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Benson

Member since

April 2015

On-time repayments

248 installments  •  69%

About Me

I was born in a family of five children compromising of four boys and one girl.I am a fourth born.I went to my primary education but when itinto secondary education my father passed away .since he was the bread winner I was forced to drop from school due to lack of school fees.
This became a challenge to me since no one of my family could raise my school fees.i was forced to to look for casual labour here and there.The little I got I paid my school fees until I completed my secondary education.
since I couldn't raise university fees I opted to continue with casual labour savings a little .
With time I had saved enough to purchase a motorbike taxi to operate in the village where modern form of the transport is not available.
my little boy wish to be a journalist particularly a news reporter .reading novels and making new friends makes my past time

My Business

I have now ventured into transport business where by am operating an online taxi service as a taxidriver.
But am short of finance to smoothly run this business efficiently,thats why am coming to zidisha to beg for a loan .With the loan I will inject into this business to acquire all the documents needed by authority by doing this I will be able to carry out the business without fear of arrest or intimidation by authority...To secure my business I intend to use the remainder to install a security camera and an alarm device in the vehicle.Not forgetting to insure the vehicle against accident and theft.

Loan Proposal

Hallo ,having been granted this loan I will use the same for the purchase of an insurance policy for my second hand taxi motorbike .
This one will go along way in boosting my income in such a way that the previous insurance is expired so I can't use some of the road usually manned by police since it against the law to operate without a valid insurance certificate.Because I risk being arrested and in case of an accident no one will cater for the damages and injures incurred if any.
A valid insurance will offer me protection from all this hence I will be able to operate in all those areas previously feared because of police harassment. more routes will mean more customers and more income for my transport services.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$105.00

Date disbursed

Nov 23, 2015

Repayment status

On Time

Projected term

6 weeks

Lenders

DocHolliday

Legend, United States

PG

Paul Graham

United States

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