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.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$141.00
Date disbursed
May 6, 2017
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
United States
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