Vehicle tyres

Shadrack

Githurai, Kenya

100% repaid

Entrepreneur

Name

Shadrack

Member since

November 2016

On-time repayments

33 installments  •  100%

About Me

I'm fifth born in a family of eight
Parents were farmers and educated me to high school
I always wanted to be self employed so after being employed for five years started the business of transport.
I operate in an area where there is great demand for commuter vehicles and business is keeping me going.
I have two boys who I have made sure they go to a good school and one wants to an Engineer while the other wants to be a Doctor.
I like swimming and reading.

My Business

The transport business requires a lot of time and waking very early and sleeping late is the business norm.
I transport commuters from Githurai to Mwihoko and on a good day I make 10 trips and each gives me a net of Kes200.
I wanted independence and this business satisfied that.
I use the income to pay school fees and meet other domestic needs like clothing, house rent , food and anything else that needs my attention.

Loan Proposal

I will buy two tyres for my matatu van which will cost about US$ 90. This help in allowing me to work with little concern of the vehicle serviceability.
I will make more trips and increase my profit which will give me and my family better life.
Presently I am making about 5 trips and each trip earns me about US$ 3 and I hope that with good tyres I may make at least 8 trips. This is therefore going to increase my income from US$ 15 to US$ 24.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$141.00

Date disbursed

May 6, 2017

Repayment status

On Time

Projected term

2 months

Lenders

S

Stephan

Netherlands

PG

Paul Graham

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

Ask Shadrack a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...