Loan to purchase an umbrella for my taxibike business
John
Weavers, Kenya
88% repaid
Entrepreneur
Name
John
Member since
September 2014
On-time repayments
10 installments • 90%
About Me
I am married and yet to have a child. I went to school up to standard seven only as my parents were not able to pay my school fees, so I started looking for something that would give me some little cash. I started looking for casual non-professional jobs for a couple of years and got a job at a farm that paid me very well. From my savings I purchased a brand new motorbike and went immediately to a driving school where I got my driving license, by doing so my job was terminated unexpectedly.
I started a bodaboda business that has worked perfectly well. I have been able to purchase a home where I reside with my lovely wife.
In my homestead I have a cow that gives me 10 litres of milk a day and some little hens that give me eggs for sale.
My Business
My business is bodaboda, I own a motorbike with which I transport my customers from one point to another within the Nakuru central business center. It is a business that has enabled me to acquire many assets and still is doing well. My business is a competitive business, but competition in this field is high.
For this business someone has to be unique, I wake up at 5am when most people are going to work and work till 10am, from there I go to graze my cow for two hours and then back to my business at noon till 3pm and from 5pm to 9pm, when people go back home. Since I do not only depend on this business I always see its profit and save . I am requesting this loan so that I can purchase a motorbike umbrella which will improve the service I offer with my business.
Loan Proposal
With this loan I will purchase an umbrella for my motorbike, this will allow me to work even when it will be raining. I am sure this will attract more customers, my business profit will increase and I will enable to repay my loan on time as well as apply for a bigger loan later for bigger achievements. Thank you for your help.
About Me
I am married yet to have a child I went to school up to standard seven and my parents were not able to pay me school fees and I started looking for something that will give me some little cash.
I started looking for casual un professional jobs for a couple of years.
on this process of looking for green pastures I got employed in one farm that paid me very well and from my savings I purchased a bland new motorbike and immediately I went to a driving school where I got a driving license by doing so my job was terminated un unexpectedly.
I started a bodaboda business that has worked perfectly and has made me to purchase a home that I reside with my lovely wife.
In my homestead I have a daily cow that gives me a 10 litres of milk and some little hens that gives me eggs for sale.
My Business
My business is bodaboda i own a motorbike that I move customers from one point to another within the nakuru central business center.
It is a business that has made me to acquire many asset and still is doing on well
My business is a competetive business has got high competition.
From this business one has to be unique i wake up at 5:00am when most people are going to work till 10:00am from there i go to graze my cow for two hrs and then be back at noon till 3:00pm and at from 5 to 9pm when people goes back to home.since i dont only depend on that business i always see its profit and save .
I am requesting this loan so that I can purchase the motobike umbrella that will add value to my business.
Loan Proposal
As I will get this loan I will purchase an umbrella for my motorbike hence I will do more job even if it will be raining all through this will attract more customers and my business profit will bi-higher
This will enable me to back the loan as well take the bigger loan for bigger achievements.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Oct 11, 2014
Repayment status
Late
Projected term
2 months
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