Servicing my motorcycle taxi

Sammy

Kilifi, Kenya

5% repaid

Entrepreneur

Name

Sammy

Member since

August 2016

On-time repayments

70 installments  •  21%

About Me

was born and raised at Nakuru town. even though moved to coast in year 2008 where l do stay currently.
l own a motorcycle that l use to earn my daily bread. this was after realizing how greatly the bodaboda industry is thriving within this region.
coast people are very friendly and always eager to help.
l enjoy reading whenever am free.

My Business

My business entails transporting people from one region to another and goods.motorcycle transportation is on demand since it's cheap affordable to most people and convenient because it's easy to get into the interior parts.the expenses in this business include fuel cost,license cost,insurance cost ,maintenance cost that amount to US 69 per month.this leaves a profit margin of approximately US 89 per month.the profit I get I use in reinvestment where I use 30% of the profit as I save the rest.

Loan Proposal

I intend to use the amount advanced to service my motorcycle fully.
During the service, i will change the front and back tire, the cost for this will be approximately $ 15
Changing the engine oil will cost approximately $,13.9
Changing the entire fuel tank since the current one is leaking will approximately cost $44.1
Other spare parts such as plug, bulbs, n redoing wiring sytem will approximately cost $63.7
Labour will cost approximately $ 24.5

Once l conduct this service, the earnings will be able to assist my family upkeep, service the amount advanced and satisfy my clientele since l'll be readily available to serve them.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$162.00

Date disbursed

Sep 5, 2017

Repayment status

Late

Projected term

12 months

Lenders

ads68

Melbourne, Australia

S

SmartDoDo

Utrecht, Netherlands

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

Loading...

Loading...

Loading...