Entrepreneur
Name
Lawrence
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.
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
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Jan 8, 2016
Repayment status
On Time
Projected term
6 weeks
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