Engine oil renewal and changing the brake shoe
Joab
Kapsabet, Kenya
4% repaid
Entrepreneur
Name
Joab
Member since
November 2016
On-time repayments
11 installments • 55%
About Me
I have gone through my education and curently am in university. That is karatina university. Am pursuing bachelor of arts in sociology. Am now in the third year of my education and supposed to graduate by the year 2019.
I enrolled in my education in the year 2002 and proceed with the education upto recent time.
My Business
bodaboda business(motocycle passenger service).
It was easy for me to acquire this business since my we had one for my dad at home.
I have the knowledge of running this business since it is well known to to me since i was a kid.
The business to many individuals who engage in it has got good profit margins. It is also easy to manage even if yo may not be that near to its field.
One person can also decide to use more than one motorcycle in order to widen their profit margins.
This business also provides a wide range of employment to youths in our society today. This is only when the individual has the knowledge to ride the motorcycle and maintain it during the usage.
Loan Proposal
I would use the loan in boosting my bodaboda business.
The recent loan repaired my bike fully and still i would use the loan in the other maintainances like renewing the engine oil.
Engine oil costs $3.5 while the brake shoe costs $3. The other costs would be labor services.
The engine oil would help me greatly to maintain the engine life and efficiency during its function.
This will benefit me due to efficiency in the business. The new brake shoe wil help prevent any cases of accident related to its inefficiency.
This would help me reduce the cost of repairs related to the mentioned parts thus increasing my profits.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$8.00
Date disbursed
May 26, 2017
Repayment status
Late
Projected term
6 weeks
Other loans
Lenders
United States
United States
United Kingdom
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