Upgrade my second hand motorcyle

Peter

Limuru, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Peter

Member since

January 2015

On-time repayments

149 installments • 49%

About Me

My name is Peter Muthui. I hail from a place called Limuru, Central Kenya. This place has a good climate for agriculture and farming is our livelihood. During my childhood, I recall accompanying my parents to work in the farm and looking after our livestock. It was fun grazing the animals and taking them to the river to drink water. I started school at Manguo primary and later Ngenia High School. My Education life was marred with financial difficulties. I was sent many a times to fetch school fees but God saw me through my education.

My Business

After school, I borrowed money from a Sacco that I had joined and bought a second hand Motorcycle. I used the Motorcycle to as a Taxi to ferry people around and out of limuru town. These Motorcycle that are used as Taxis are commonly referred to as Boda Bodas and their services are in high demand since they can move to any place and are not affected by traffic jams. I came to like this business since I learnt to ride motorcycles at an early age when I was in secondary school and also due to the availability of Motorcycles at a cheaper price and they are easy to service and maintain. In a day, I make up to 7 dollars amounting to 210 dollars per month. I use part of these money to pay for my house rent and to pay for my children's school fees. I also use part of this money to service my Motorcycle to be in good condition for my business.

Loan Proposal

If funded, I will use the money to buy new wheels for my motorcycle since the ones that I have are old and worn out plus a spare helmet and reflector for my passengers to make my passengers feel safe when am ferrying them from place to place. The wheels go for 130 dollars and the helmet for 12 dollars. I will add up the loan and my savings to achieve this. I expect my bike to be more efficient especially in the muddy terrain and my customers will feel more secure.