Undertake some major repairs in my car
Boniface
Machakos, Kenya
100% repaid
Entrepreneur
Name
Boniface
Member since
January 2015
On-time repayments
52 installments • 52%
About Me
My Name is Boniface Kalelu Vili . I am the fifth born in a family of nine.Due to poverty in our home, i could not further my studies forcing me to do ordinary jobs. I moved from our home when i was 17yrs because i could not further my studies.I remember very well the way i used to vendor water in the streets of machakos town early 2011. Learned through the hard way until i got breakthrough in life. I bought a small car through a loan i secured by the help of a friend from a sacco which am using to operate a taxi.Am married to one wife and blessed with three girls. My kids are three girls, one is aspiring to be a lawyer, the other doctor and the last born a pilot all in the making! Through some little savings , i was able to keep my family and meet every expense in my house and am through with paying the loan.
In our culture and our land,business is booming due to the devolved government of counties.
When am free i like visiting my little garden to see how things are getting on there.
My Business
I operate a cab in my home town where i earn my living. Thats where i wake up every morning and am living comfortably! I educate my kids and am on the process of doubling my taxi business! I would like this year to be in a position to add another car. I choose this business simply because it has no education barrier.
My typical cost is just servicing the car and keeping it in good working condition.
I also pay an annual registration fee of 20 us dollars to the county government and a daily parking fee of 1 us dollar. I use the profit to keep my family and also save to grow my future business. On a daily basis, i make like 22 us dollars which translates to 154 us dollars per week. This one can help me repay my loan without struggling.
Loan Proposal
It will help in changing the bearings @ 30 dollars.
change the ball joints @30 dollars.
fix shocks @ 40 dollars. This will help me in the stability of the car and will make me work for a longer time without visiting the car clinic.
the profit will increase because of the stability of the car.
Feedback
Positive
3
Neutral
None
Negative
1
Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jan 26, 2015
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
Fontvielle, Monaco, Yemen
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