Purchasing motorbike for transporting cereals,cabbages,charcoal from the market to restaurant

John Ruiru

Nakuru, Kenya

15% repaid

Entrepreneur

Name

John Ruiru

Member since

January 2014

On-time repayments

55 installments  •  64%

About Me

My name is John Ruiru icome from nakuru , bahati scheem . I am married in a monogamous family and we are blessed with lovely daughter. I went murungaru primary school for eight years completing my primary level in 2003. After my primary level , I passed well and adimitted in st johns secondary school in 2004. I completed my o lever in 2008 but I lacked money for further studies. Immediately after finishing my o level I was employed in a hotel as a waiter. I did this job for two years then I dicided to set up my own hotel business in 2010 which I am doing up to date

My Business

Smiles hotel was started in 2010. It has been ran now for 3 years under my management . I have employed two employees in this hotel to service a cook and a waiter. When the business has gone up, it gives me a profit of a thousand shilling having bought commodities for cooking tomorrow. During the time when it has gone down, it gives me a profit of seven to eight hundred shillings, generally it does well all through out the year.so i have the confidence in my business that it will enable me to repay the loan i am requesting.

Loan Proposal

first i am taking this moment to thank all of you lenders and zidisha at large for being such a reliable partner in my business life.
i am hereby applying for onother loan after the other one expired bbefore it was fully funded, i am applying for a loan of KES 38,295 or USD 450.i would like to use this loan to purchase a motor bike that will help me in many ways. first i will be riding from home to my working place and then back home. This way in will be able to save bus fare and energy. Secondly i will be using it for transportation of cereals, cabbages and charcoal from the market to the restraunt. Therefore saving transportation cost. Besides i will be using it to fetch water from the water source one kilometer away and hence saving money paid to the labourers.
Dear lenders, you have supported me before and you can do it again because we are partners. Keep doing good when you have the chance because it is a blessing.

Feedback

6

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$443.89

Date disbursed

Sep 4, 2014

Repayment status

Late

Projected term

7 months

Cost to entrepreneur

Lender interest: $443.89 at 10.15% annual rate over 7 months = $26.86

Service fee: $9.57

Lenders

I

icetwice

Melbourne, Australia

Charmonica

London, United Kingdom

JimVandegriff

Trinidad, California, United States

J

jjonas

berlin, Germany

T

tonilends

catalonia is not:, Spain

McJulio

New Jersey, United States

ads68

Melbourne, Australia

panamaman

Philadelphia, United States

G

Goldrivermob

Gold River, Canada

Hedwich

Gorssel, Netherlands

S

SammyGeorge

Belfast, United Kingdom

H

howard

Vence, France

Sarasota

Sarasota, Fl, United States

Matthieu

Switzerland, France

kalidanthepalidan

Denver, United States

T

thebonseung

Republic of Korea

Z

zvrk2014

Brookline, MA, United States

pvilliger

Zurich, Switzerland

Matching Fund

Sterling, United States

Aaron85

Knoxville, United States

D

Daisy

Netherlands

Gipsy

Munich, Germany

P

Panda6689

United States

Vesa

Helsinki, Finland

Leonardia

Waddinxveen, Netherlands

WiscoHorndog

United States

D

dk1234

Netherlands

J

jdelaporte

United States

Loungin

United States

M

MigwiK

Brecht, Belgium

Ask John a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...