Entrepreneur
Name
Paul
Member since
October 2017
On-time repayments
32 installments • 63%
About Me
am a young man born from a peasant farmer in Kenya. am married with two kids and am also the sole bread winner for some of my simplings' children. I am also involved in educating my brothers and sisters children especially those whose parents went before us to the lord.
My Business
I run a matatu business in Kenya (psv) since it's not everyone who can afford a car in this third world country, it's a flourishing business especially in Kenya which is a third world country. my business gives me a gross revenue of ksh 100,000, with 20%of this going to recurrent expenditure like paying salaries , buying spare parts and general maitainance. Currently my unit has some worn out tyres that I would wish to replace in order to increase my units performance efficiency. kindly be part of this noble idea, and I promise to pay back in full all the monies lent to me in time.
Loan Proposal
my matatu tyres are worn out hence failing to optimize of the facility because of many tyre repairs. If i had new tyres, i would be making more money instead of spending more time at tyre repair centers. The tyres cost is 55 dollars .
With a new tyre, business will not be interrupted and am likely to make more money hence increasing the profits.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$6.00
Date disbursed
Oct 8, 2017
Repayment status
On Time
Projected term
2 weeks
Other loans
Lenders
United States
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