To give my tuktuk a major overhaul service

James

Mombasa, Kenya

100% repaid

Entrepreneur

Name

James

Member since

September 2015

On-time repayments

137 installments  •  32%

About Me

I am a Kenya citizen born in Nyeri county of Mount Kenya region in 1988. I went to school in the same County up to form 4. After leaving school in 2007 I enrolled for a course in environmental management. I also studied accounts during my spare time and in 2010 I moved to Mombasa where I went to seek for employment.
I got a job with an Estate Agency firm where I got employed as a cahier. I have been working here for the past Four years.

After being employed I realized that the take home was not enough and decided to start a small business to supplement my income. I decided to get a loan from my parents to buy a Tuktuk for carrying passengers within Mombasa town so that I can make more money to better my leaving and eventually to quit employment and engage in full time business.

About where I come from, the land is unique in its surroundings and good weather. It is not far from Mount Kenya and one can easily make a trip to the slopes of Mt. Kenyan where there is a very good scenery.

Not yet married although the plans in the pipeline. I do love travelling, watching soccer and listening to music.

My Business

My business is purely on transport or commuter services. I have a Tuktuk which operates in town within Mombasa Island. It mainly carries passengers from the bus termini to other destinations within the town.

I chose this kind of business because I realized that in Mombasa town, some places are not easily accessible by Matatus, i.e. public service vehicles and as such people have to walk long distances to reach their destinations. With tuktuk you can access most areas in town especially where streets are narrow. At the same time I realized that the returns from this business are not that bad.

I make at least 450 US dollars per month. I use at least 300 US dollars to cater for fuel, driver and maintenance costs.

I use my profits to reinvest and part of it I do save so that I can be able to add another Tuktuk vehicle.

Loan Proposal

To overhaul my tuktuk vehicle which have not been serviced for some time now. I will buy a new battery and new tyres for the vehicle. The tyres will cost at least 30 US dollars and for three of them this will amount to 90 US dollars. The remainder of the cash will go in purchasing the battery which will cost 25 Us dollars. Oil, lubricants and other service materials to take up the remaining 40 Plus Us dollars.

After the this my tuktuk will be able to run for quite sometime without any breakdowns which had become too common.

This will improve my business because there will be no time wastage due to breakdowns.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$149.00

Date disbursed

Jan 8, 2016

Repayment status

On Time

Projected term

7 months

Lenders

Dianne

Maryville, United States

Ishaque

New Jersey, United States

investor

Candiac, Canada

Johnny

shanghai, China

I

Interfree

Dubai, United Arab Emirates

F

faical

Cologne, Germany

quozl

Dublin, Ireland

Kysera

Crawfordsville, United States

B

blahblah

Nuernberg, Germany

T

thejacobnorton

Jubail, Saudi Arabia

S

SelvaMarcus

Green Cove Springs, United States

amovida

Central valley, ny, United States

R

RobBne

Brisbane, Australia

D

DThirteen

Miami, United States

O

Oscart

Edmonton, Canada

Bruno

São Paulo, Brazil

sarna

Toronto, Canada

bycyt

Whitefish, United States

J

jquinn373

Minneapolis, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

neocodesoftware

vancouver, Canada

isabelv

Barcelona, Spain, Sweden

iamdaimo

London, United Kingdom

Z

ZandC

Sacramento, United States

J

jinx83

Brisbane, Australia

A

Alexxa

Vancouver, Canada

E

E

Marin county, United States

J

jcappel

Toronto, Canada

C

Clben7

Cincinnati, United States

E

elourenco

Porto, Portugal

Walterlo

West Hollywood, United States

B

BobHope

United States

G

gbelote

United States

D

drorm

United States

G

geoff

United States

T

tommychheng

san francisco, United States

Paul Buchheit

Mountain View, United States

M

Michi

Switzerland

J

jay12

Germany

K

Karpet

Faroe Islands

H

hodor

Australia

mepster

San Francisco, Ca, United States

TyWee

Manila, Philippines

W

wesbh89

United States

S

SaraNT

United States

I

idris

United States

dpollard

United States

R

Ruj-ura

Thailand

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

KM

Kirsty M

United Kingdom

M

Markus

Hamburg, Germany

N

Niels

Berlin, Germany

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