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.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$162.00
Date disbursed
Sep 5, 2017
Repayment status
Late
Projected term
12 months
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