Purchase of new car shocks for my cab

Entrepreneur

About Me

My name is Peter Kinyanjui. I was born in Nakuru county. I am the third born out of 6 children. I started school in 1995 in a small nursery school then joined Father Bado academy where I sat for my kcpe examinations and passed brilliantly.
I later joined Nakuru boys high school where I completed my highschool then joined driving school later at nairobi called Africana driving school.
I overcame my hardships by working in garden flowers as a florist where I used to earn a total of $30 a week.
I did save $70 per month for three and a half years so that I could buy a new small cab or a taxi.
I currently stay at nairobi and the people around me mostly work in the central business district and since they are educated I offer taxi services to them and I do keep a good customer service to my customers.
I am married with one girl and her dream is to be a medicine doctor when she grows up.
I love watching football and visiting animal parks.

My Business

I offer transport services or taxis services to the people around me.
My services are on high demand since as a taxi owner and driver I offer reliable and good services to my esteemed customers. My services are useful since from what I do, its where I get my daily bread and money to pay rent and fees for my kid.
I chose this kind of business since I followed my dream and it was my passion. I worked extremely hard to achieve this.
I charge a cost of $6 per passenger and on a daily basis, I get an average of 10 passengers bringing a total of $ 60 per week.
I use my profits in paying rent,buying food for my family,pay fees for my kid,pay my bills and also I do save 10% of what I get so that I can buy a new second cab for my business.

Loan Proposal

I will use the loan to buy new shock absorbers for my taxi cab at a cost of $240. The new shock absorbers will help me in my taxi cab business by providing fast affordable and time saving services to my customers.
I'm looking forward for a 70% profit increase. I will use the loan to repay my loan on time, pay for my car insurance as well as taking care of my bills.
I will provide good services to my customers and also help and teach young people the purpose of earning and getting the entrepreneurship knowledge for their better tomorrow

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