Name
Samuel
Member since
July 2012
On-time repayments
20 installments • 70%
I am 35yrs old married man and a father of three kids one in school. i live and work in ongata rongai where i have a boda boda taxi and a small retail shop in the estate. i have a std eight school education. I started this business three years ago to earn a living and support my family and create employment and wealth.With my monthly income of 30000 i am able to pay school fees and feed my family
My business is transporting of people and goods within ongata rongai area. the demand is high of this service as the area is highly populated and roads are in poor state making it hard to be reached by cars.This business is profitable because the cost of running a motorbike is very low a ltr of fuel goes for thirty km
The first loan helped my business grow and mostly my family benefited a lot from it. paying fees for my children was not a hustle.Now i want the second loan to stock my shop which i have opened for my dear wife.I want to add more stock like sugar cooking fat maize flour rice and some cereals which are in high demand at my shop. So intend to use about 38500ksh to purchase the said items and the remaining amount to cater for business license which will cost about 5000.
Positive
7
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$522.00
Date disbursed
Jun 5, 2013
Repayment status
Late
Projected term
12 months
Other loans
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