To buy a new motorbike for taxi

Elijah Omollo

Busia, Kenya

14% repaid

Follow Elijah Omollo

How it Works

Entrepreneur

Name

Elijah Omollo

Member since

February 2014

On-time repayments

149 installments • 44%

About Me

I am Elijah Omollo Okendo the son of Mr.Okendo.I was born in Siaya county,Yala Division,Gem East Location,Lihanda Village.I am the 1st born in the family of four.I am not yet married.currently live in Busia county and that is where i does my business at the moment.My business is bodaboda operation in Busia town and its surrounding.I started this business after completing my 0 level education because i wanted to earn a living.I have been working with a leased motorbike but now i have manage to have my own

My Business

I have been doing this business for more than two years now.I started by hiring a motorbike at KES 350 per day.And after saving little by little i managed to buy my own used motorbike at KES 60,000 from a friend.I offer transport service to people within Busia town and also across the border to Uganda.There is a big demand for this service the fact that Busia is located at the Kenya Uganda border many people travel here and there for business purposes.The good thing is i can earn up to KES 1500 per day.

Loan Proposal

I thank zidisha for giving me this chance to post my second loan and for those who have supported me last i say thank you too.This second loan i want and have plan to buy a new motorbike type boxer 100 at $1100.The new motorbike has no stress of repair from now and then.Atleast if i get this loan my and got a new motorbike i will be able to earn more and saves repair expenses.After this am will be able to earn at least $6 per day.This will enable me to repay loan so well.I will sell the old motorbike once i get the new one.