To buy a new motorbike

Nathan Mureithi

Eldoret Kenya, Kenya

13% repaid

Entrepreneur

Name

Nathan Mureithi

Member since

April 2017

On-time repayments

103 installments  •  56%

About Me

My Name is Nathan Mureithi ,And I was born in the year 1986 in Uasin Gisdhu County in Rift Valley Province in the republic of Kenya Est Africa.
I started Schooling in the year 1993 in Songoliet Primary School and completed in the year 2002. and I did not continue to high school due to lack of School fees because my parent were very poor that they could not afford even manage the cost of living even in the family level.
After completing my primary Education then I begun the casual work as gardener for about 3 years .And after I had saved money for those three years then I bought a bicycle to begins boda boda business for 2 years and there after I bought a Motor bike of which am using to date as a boda boda operator business in this city of Eldoret.
Am now married with one child baby boy and is in nursery School second year that is middle class .
The unique thing in this place where am coming from is that every child is expected to provide for the family whether he has or nor.
Well my child is still too young to decide he wants to become when he grows old ,he is yet to discover himself and also decide of what he wants to be.
My unique hobby of mine is to ride with my wife and my only child now at my free time.

My Business

I provide Transport services in the City center as boda boda operator taking people to various places within the town especially in the morning hours and evening when people
This service is so important in the city center because we don't have taxis in most of roads because they are very narrow for them to use therefore the boda boda is very useful and are in high demand.
I chose this kind of business because I started this kind of job when I was very young and because it is in high demand there is ready market and my customers are ever calling on phone to be picked to various places.
My typical cost is 25,000KES
I use my profit in the following ,
1.School \fees for my child is =========10,000KES
2.Reinvestment in growing the business= 5,000KES
3.Home improvement is =============5,000KES
4. Giving to my mother in the village ====3,000KES
This is just for this year but I expect that as the business grows the expenditure will also grow in the near future.

Loan Proposal

I will buy a new motorbike that costs 1000dollars. I have 200 dollars from the last loan's profit I made by working during Christmas seasons and I have planned to add the 800 dollars that you will lend me and therefore buy a new one.A new motorbike attracts more customers and when many are attracted, the more profits I gets.the profits will increase by 30 %and that will enable me to easily pay my child's school fees.thanks

Feedback

1

None

None

  • Claire Lewis    Jul 7, 2017

    Nathan has repaid his loan in full. Highly recommended for further funding.

    Log in to reply • Share


Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$788.96

Date disbursed

Jan 12, 2018

Repayment status

Late

Projected term

36 months

Cost to entrepreneur

Service fee: $33.24

Lenders

T

Tmann

Los Angeles, United States

M

marvin24

Giessen, Germany

Brian

Midhurst, Canada

C

Christian

Saarbruecken, Germany

investor

Candiac, Canada

Kylie

Mount Martha, Australia

cyrus0302

San Francisco, United States

YB Song

Seoul, Republic of Korea

ErikN

Stockholm, Sweden

R

rcmssr

Woodbury, United States

AF

a f

washington, United States

MienDeGraeve

Ouagadougou, Burkina Faso

gr8ful

Syracuse, United States

L

lujabe

Melbourne, Australia

C

chrisherron

Chicago, United States

L

Lenah

Vert Saint Denis, France

V

vaglio

Vaglio, Switzerland

M

markusfitza

College Station, United States

P

penguin3694

Chicago, United States

B

Bernhard75

Vienna, Austria

ads68

Melbourne, Australia

S

stillc

Nashville, United States

T

Tui1974

nuenen, Netherlands

G

glh25

Winooski, United States

nmatpt

Lisboa, Portugal

D

Don100

Wilton, United States

B

b_plok

Granada, Spain

Hedwich

Gorssel, Netherlands

R

rohbear

asheville, United States

F

Forfex

Zurich, Switzerland

P

Pavane

Kungsbacka, Sweden

mohita

delhi, India

L

LenoMetus

Perth, Australia

Matthieu

Switzerland, France

ibc123

Seattle, United States

Genady

Münich, Germany

PlanetEarth

Somewhere close, United Kingdom

C

Clben7

Cincinnati, United States

M

mueba

Frankfurt, Germany

sderickson

Berkeley, CA, United States

T

thebonseung

Republic of Korea

N

nguyenlapq

United States

M

martyb

United States

D

drorm

United States

P

Peaches

United States

R

roozbeh

United States

jonnyhj

Stockholm, Sweden

bb4dogs

United States

Guillaume

Rimouski, Canada

R

ruth11

United Kingdom

smastermind

Jerusalem, Israel

P

PeterDG

United Kingdom

TyWee

Manila, Philippines

D

dscottprod

United States

B

bscent

Hong Kong

Vesa

Helsinki, Finland

J

JonAlec

United States

D

Desteli

United States

R

reganbrian

United States

M

Medagan

San Franciso, United States

I

irela

United Kingdom

S

stryker75

United States

J

jowde

Germany

Robert Long III

Bridgman, MI, United States

S

SuzanneD

United States

S

Stephan

Netherlands

Martin Ward

Leicester, United Kingdom

RJ

Ryan J Cotton

United States

stephen sontag

Narragansett, United States

Michelle

Sydney, Australia

Peter R

Fulda, Germany

D

Didaz

Germany

Gab

Singapore

MW

Matt Willis

United States

W

Wade

United States

Jake Badger

Roskilde, Denmark

Kevin

San Francisco, United States

NH

N Holt

United States

ME

Manaal Eisa

Washington DC, United States

Caroline Cress

Seattle, WA, United States

Pedro R-C

Cambridge, United States

Taylor

United States

A

Andrei

United States

T

Tucker

United States

Cliff

United States

Gabriel Fenili

Santo André, Brazil

KE

Karen Epolito

Syracuse, NY, United States

T

tonym

Australia

V

Vidar

Oslo, Norway

I

isaac

United Kingdom

JC

juli camrud

United States

Stephan W

Witten, Germany

B

Boris

Bern, Switzerland

Angela Linwood

Minneapolis, Minnesota, United States

Jes-c

United States

R

Rachel

United States

RG

Ravi Gadad

United States

GA

Giovanni and Yelena

New York, Ny, United States

JA

Jan Andresen

Hamburg, Germany

Sinan Taifour

Munich, Germany, Germany

L

Lucy

Australia

Benjamin Kniaz

Boston, United States

WS

Warren Shen

United States

JS

Jason Strauss

United States

MF

Mike Frawley

United States

Gerrit

Palm Harbor, FL, United States

D

Dalton

San Francisco, United States

HCPSPIRIT

Helsinki, Finland

L

leoman

United Kingdom

Dean Suminski

Portland, Oregon, United States

The Weltys

Averill Park, NY, United States

M

Mack

Harbor, Oregon, United States

R

RMIM

United States

A

Aaron

United States

DW

Dan Winetsky

United States

Paul Buchheit

Mountain View, United States

Sean Richards

Wilmette, United States

M

Marco

Berne, Switzerland

daniel

maryborough, Australia

BA

Burf and Patsy

St. John's, Canada

MR

Mary Reardon

United States

DH

Don Hammond

United States

JD

Josh Dorf

United States

SB

Sanda Balaban

United States

JF

Jon Freach

United States

CoBon

Stubbæk, Denmark

Daniel Toke Hansen

Copenhagen, Denmark

AA

Andrew and Kim

Nashville, TN, United States

LW

Liz Wanjiku

United States

J

JB

Germany

CH

Christian Holck

United Kingdom

Remo

Switzerland

SC

Samuel Clemente

Brooklyn, United States

R

Renee

United States

Shervin

San Francisco, United States

E

Eva

Montreal, Canada

NV

nathan vertommen

Heist-op-den-berg, Belgium

Ask Nathan a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...