Entrepreneur
Name
Nathan
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
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Loan Info
Project Type
Classic Loan
Disbursed amount
$788.00
Date disbursed
Jan 12, 2018
Repayment status
Late
Projected term
36 months
Lenders
Chicago, United States
Vienna, Austria
Germany
United States
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Spain
Washington DC, United States
Australia
Canada
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Syracuse, NY, United States
Switzerland
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Hong Kong
Hamburg, Germany
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Brooklyn, United States
Denmark
Ask Nathan a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Claire Lewis Jul 7, 2017
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