292 installments • 55%
I was brought up in a poor background. Went to primary school and through bursaries completed my secondary level.After school i did some hand jobs to obtain money to take care of myself, help my family and some to pay for my college fees. I ventured in motorcycle transport business (boda boda) services. Am single and like playing football during my free time.
I do motorcycle transport business services (boda boda) as it is in demand due to lack of access to public transports to homes. Less capital is required to start the business which in return has favorable profits. Revenue per month can be estimated to USD 100 and costs per month USD 30. The profits are used in reinvestment in growing the business and part to cater for my college fees and some home improvements.
With the loan, i will purchase front and rear shocks USD 100, front and rear tyres USD 100, engine block USD 60, chain sprocket USD 15, clutch set USD 20, brake set USD 10, seat coach USD 20 and the balance on repairs and maintenance USD 25. This will increase effectiveness and efficiency hence more customers and thus high income anticipated.
Sep 29, 2016
Cost to entrepreneur
Service fee: $14.53