Repair items for the car

Vincent

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Vincent

Member since

February 2017

On-time repayments

16 installments  •  69%

About Me

Am a holder of bachelor of commerce degree.
Had to sacrifice alot to achieve my desire dream.
I managed to secure a loan from bank to start my business.
I like reading novels and am very eager to learn something new.
I would want my children to grow in an environment different from the harsh condition I went through.

My Business

Am in transport industry earning ksh10,000-15,000 per day.this is before deducting expenses. Thus profit is ksh 5000. But still during boom period I may make more than this..such season are during holidays....closure of schools....and also when the car is on hire.
I use the profit to pay my college fee and other personal expenses.

Loan Proposal

I intend tq buy spare parts for the vehicle.
Having such items will reduce break down.
Such improvements will make the car more efficient.
Thus more yield and customers get well at the end of the journey.
Also this enhance customers loyalty and easy forgetting new clients
The spare cost may be 500dollars thus loan limit of 788dollars is okay

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$8.00

Date disbursed

May 26, 2017

Repayment status

On Time

Projected term

6 weeks

Lenders

MarktheMormon

Sandy, Utah, United States

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