Tuktuk business

Lawrence Karisa

Lungalunga, Kenya

100% repaid

Entrepreneur

Name

Lawrence Karisa

Member since

December 2015

On-time repayments

14 installments  •  21%

About Me

I have been raised by a single mother since 1995, when I was in standard 5 after my father passed on. It was hard to access education because my mum was not working and had no family business. Through the help of bursaries and also help from uncles, I made it through high school and eventually got a government sponsorship to join university. I successfully finished university in 2008 and was employed by the government as a teacher in 2010.

I want to start a business of selling tuktuk [rickshaw] spares because I currently own a used tuktuk that is working in Likoni. This kind of business is on the rise here, as it's commonly used by commuters who cross the ferry daily to work in town.

My Business

My tuktuk business earns 1,000 KSH ($10 USD) per day, which translates to about 30,000 KSH ($300 USD) minus some expenses like monthly county stickers and service amounting to 5,000 KSH ($50 USD).

As an employee of the teachers service commission, I earn a net of 13,995 KSH ($139). It is also my hope that I will be able to put up a business of selling spare parts in one of the garages in Likoni.

Loan Proposal

My bisiness requires an input of about 50000 but currently with this amount of money i will purchase a few items to expand the business.
its hard right now to quantify the items and their prices .
maybe in the next loan because of the amount would have increased.

Show original English  

About Me

i have been raised by a single mother since 1995 when i was in standard 5 after my father passed on.
it was hard to acess education because my mum was not working and had no family bisiness.
through the help of bursaries and also help from uncles , i made through high school and eventually got a government sponsorship to join university.
i successifully finished university in 2008 and was employed by the government as a teacher in 2010.
i want start a business of selling tuktuk spares because i currently own a used tuktuk that working in likoni.
This kind of business is on the rise here as its commonly used by commuters who cross the ferry daily to work in town.

My Business

tuktuk business earns 1000 per day which translates to about 30000/- minus some expenses like monthly county stickers and service amounting to 5000/-
As an employee of teachers service commission i earn a net of 13995/...
it alaso my hope that i will be to put up a business of selling spare parts in one of the garages in likoni.

Loan Proposal

My bisiness requires an input of about 50000 but currently with this amount of money i will purchase a few items to expand the business.
its hard right now to quantify the items and their prices .
maybe in the next loan because of the amount would have increased.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.17

Date disbursed

Jan 8, 2016

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Service fee: $6.24

Lawrence opted to pay $83.04 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

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