Tubes for my bike for biker's sport

Vincent

Sugurteik Village, Kenya

10% repaid

Entrepreneur

Name

Vincent

Member since

December 2016

On-time repayments

11 installments  •  9%

About Me

Iam Vincent Rono and 27 years old.I was born as an only son with four sisters.Due to this my father who was a police officer spoilt me.He bought me a bike when i was only three years old and i fell so much in love with it.My dad made sure to enroll me to school where there was biking sports activities since he identified my talent at an early stage.I joined the club when i was in class three and to date iam still a biker.My family was okey in as far as income was concerned.Our basic needs were well taken care of by dad.My father was shot dead while trying to stop a robbery by dangerous criminals.I was left with mom who was back then a house wife.The demise of my father had her start her own business of growing and selling pineapples to date.Iam a biker and enjoy the biking sports.I have five trophies to my name and iam soo proud of it.I recently married and our son is three years old now.My wife sells dry maize in the market.My son is also quite interested in this sport and i plan to buy him a bike as well.I guess it runs in the family.

My Business

Iam a biker and iam in the bikers club in my county.We have the competitions bi annually.The winner takes home a trophy and goodies.This sports event promotes cohesion and is a tourist attraction.It also creates employment for youths in my county.The bikers club is an example of how sports can be a source of income.It keeps youth off alcohol and drugs.We practice five times a week.I love this sport and i love biking.I have a passion for it.My typical costs mostly is in maintenance of the bike and the gear which is KES 3,000 for a month. My revenue for a year is about KES 400,000/=.I use the revenue to take care of my family.I have also bought a small piece of land to start a farm project.

Loan Proposal

I plan to buy good tubes for my bike .I will buy two tubes @ $4.5.The total cost is $ 9.This will reduce the maintenance costs and give the bike stamina and stability.I will be confident using it and win more cash and trophies.Its an entertaining sports and people come to have fun as well as cheer their representatives on.My annual income in my estimation will increase by $ 5000.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$11.00

Date disbursed

Dec 28, 2016

Repayment status

Late

Projected term

2 months

Lenders

M

mikedufty

Perth, Australia

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