Purchasing parts for motorcycle taxi business

Entrepreneur

About Me

About Me
My names are Patrick mambo i was born in 1984 single in my family .I finished both primary and secondary education before getting a job as bike taxi driver. I have done this job till I was able to buy my second hand bike which I use as my source of income. My typical day starts at 5am in the morning and work until 10pm. I have siblings who depend on me especially two who are schooling in high school but I thank God am managing. I live on rented premises and I plan to get a wife and have a family in the near future. I got the bike in rather bad condition so am busy saving as buy and replace spares which aren’t working well. During my free time I visit the sick in hospitals especially on Sundays after church. I have a plan of owning two bikes.

My Business

My Business
I own a motor cycle by the name haojin 150 cc well maintained .in a day i make an average income of Kenya shillings $12 a day,.i fuel about $4 in a day that makes about $111 monthly .i buy new tyres once a year reason being roads in mtwapa town and its environ are well maintained this poses little or no damage to my bike. i use $ a day to cater for my basic needs and other necessities if converted to monthly this total up to $100 .there fore am left with $100 on this i save $45 to expand my business and $45 to cater for the education of my sibling . i love this job and i will work hard to achieve more. Thanks in advance.

Loan Proposal

Loan Proposal
I have managed to save and been replacing parts but now I want to replace a block, and hind wheel and the exhausts which will cost about $120 that is enough to make it look new and be in good condition. From your funding I will be able to buy new spares and insure it with a comprehensive insurance. this will increase my income. I will repay my loan from my savings and income. Therefore I request lenders to consider my request to achieve the dream. Thanks in advance

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