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 will use this loan to service my motorcycle that entails changing engine oil worth ksh. 300,changing back and front tires worth ksh.500 each and paying Labour worth ksh 400.This will enable me meet my family needs as I carry out my transportation business with ease.I expect my profit to increase at a high percentage since my motorcycle will be in good condition and there will be no frequent breakdown when completely serviced.I will be able to reach out to my clients on time hence maintaining them and also protecting my source of income.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$17.00
Date disbursed
Jun 7, 2017
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
Austria
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