Nyale Kiti

Mtwapa, Kenya

Funds disbursed

$0 to go

100% funded of $100 goal

0

days left

Entrepreneur

Name

Nyale Kiti

Member since

December 2012

On-time repayments

12 installments  •  0%

About Me

my name is nyale josphat kiti i live in mtwapa mikanjuni village. am married and i live with my family which includes my wife and my children. i have four children two are boys and two are girls. the first born is called Newton and he is nine years old. he is in school class three he is going to be in class four earl January. the second is also a boy he is called Bilton he is seven years old he is in class one and will be in class two early January.. the third is a girl she is called Clara and she will be in class one early January next year. the fourth one she is called Claudia she is two and a half years that means she is not in school because she is still younger.my occupation is a boda boda driver. my education backgrounds is form four level of kenya. education. after finishing my secondary education some years later i joined a nearby collage where i get my certificate of refrigeration and air-conditioning. i started this boda boda business because i wanted to earn some money so that i can meet my family needs as i could not get get job on time. iwth what i earn from my business i do buy food for my family and pay school fees for my children and also pay for the house rent that i rented and save the rest for future and emergencies. right now my big plann is to get more money so that i can buy my own motorbike the one am doing business with for now i just hire from the owner. so by doing this i will be able to increase my daily earnings and improve my living standard.

My Business

my business is boda boda business this means i do give a service of transport passengers from one place to another. and as well transporting of goods from one place to another.the demand of this boda boda business is very good and very high because people around this area they use this service mostly because it is the only door to door transporting means which is fair and cheap.my customers prefer using my boda boda transport because i give safety jackets to my clients to wear when they are on board and due of this most of the clients prefer using the motor bike foe their transportation.this business is profitable because i just use the motorbike when i have client but i don't use it or miss use petrol for leisure. also its profitable because just buy the motorbike at once and i keep on earning some money for may years so this is profitable.the risks of this business is only by the bad roads within and outside mtwapa this makes the motorbike to change spare parts every now and then.my monthly running cost is ksh 35.000 and my monthly sales revenues is ksh 15,000. and my monthly profit is 11,500.

Loan Proposal

thank you so much. am veru much proud of you. with this loan amount am going to use it buying of my motorbike spareparts that i will be using these tools to modifify my bike. this will help me get more passengers as it will have a new look of face. in this way it will boost my daily ruuning income to my busiess which it raise my livinh starndard.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.33

Date disbursed

May 21, 2013

Repayment status

Late

Projected term

12 months

Cost to entrepreneur

Lender interest: $100.33 at 4.76% annual rate over 12 months = $4.93

Service fee: $3.54

Lenders

A

Anninymouse

Southampton, United Kingdom

HansLindgren

Uppsala, Sweden

russell

leicester, United Kingdom

Sundstroms

Falun, Sweden

andreasol

Bielefeld, Germany

B

BassFamily

Tremonton, United States

S

solarkismet

Logan, United States

K

Karin

Toronto, Canada

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