Buy my own second-hand motorbike as a taxi in order to expand my transit business
Opulo
Luanda Town, Kenya
$0 to go
100% funded of $443 goal
0
days left
Entrepreneur
Name
Opulo
Member since
February 2014
On-time repayments
19 installments • 53%
About Me
My name is Steven Opulo. I come from Luanda town in Vihiga County. I attended the Luanda township primary school and then proceeded to Maseno School, where I finished my secondary education. I was born and raised by a single mom, who helped in paying for my school fees. Mostly, however, I got school fees sponsorship from a local NGO called Plan International Child Fund.
My mom was just a local small scale trader, who specialized mainly in selling green vegetables. After finishing high school, I couldn't continue my education and started to apply for menial jobs that did not go through. Luckily my neighbor, Mr. James Nyakwaka bought a mortobike and employed me to use it in his boda-boda business.
This was a breakthrough for me and for my siblings because I am now in a good position to feed my family and send my siblings to school. Through this job, I also managed to join Sigalagala Training Institute for a diploma in management. In this time, I have also managed to save USD250. Now, I want you to support me in buying my own bike.
My Business
The transport business has been a hobby and source of my livelihood for two years now. It is one of the most lucrative businesses because no country can run without transport. Since I started this business, I have built a good customer base and this usually guarantees me good daily revenues. It is through my good customer relationships that I keep my business moving.
The charges for motorbike taxi usually depends on the distance and the weight of luggage that has been carried. The cost is between USD 0.9-1.5. On a good day, I can manage to collect USD 30 in total. My typical daily expenditures includes fuel (USD 8), hiring costs (USD 5), municipal rates (USD 2), and other minor expenses not exceeding (USD 3, e.g. puncture repair). This leaves me with USD 12 as my net earnings. After removing my home expenditures of USD 4 daily, I have USD 8 as my daily savings.
With your loan I will buy a second hand bike and hire it out. This will boost my daily savings and hence help me realize my dreams.
Loan Proposal
I feel honored and privileged to be applying for my second loan with this wonderful organization. My past loan was of great help to me because I managed be efficient with my taxi operations. Because of your kind help, I managed to sustain my family and send my siblings to school. Now, I am also in college doing my diploma in management.
I have managed to save USD 250 and I want your support this time so that I can buy my own second-hand motorbike. When I get the loan, I will use the entire USD 443 together with my current savings of USD 250 to buy this motorbike. I will hire the motorbike out, which will boost my daily savings. I know that my life will change completely especially as my siblings and I will be able to complete our studies. Your loan will surely have a huge impact on our lives. I will repay the loan through my daily savings. Your generous contributions will be highly appreciated. Thank you and may God bless you.
About Me
my name i steven opulo. i come from luanda town in vihiga county.i went to luanda township primary school,then proceeded to maseno school where i finished my secondary education.i was born and raised by asingle mum who helped in paying for my school fees,most of the time i got school fees sponsorship from a local NGO called plan international child fund,my mum was just a local small scale trader who specialized mainly in selling green vegetables.After finishing high school,i didnt manage to continue with my education and i started to look for menial jobs that did not go through,luckily my neighbour mr james nyakwaka bought a mortobike and employed me to use it in doing bodaboda business.This was abreakthrough to me and to my siblings because i am now in agood position to feed my family and send my siblings to school.i also managed through this job to join sigalagala training institute to do diploma in management.in this time i have managed to save usd 250,which i want you to support me in buying my own bike.
My Business
Transport busines has been a hobby and source of my livelyhood for two years now.this is one of the most lucrative businesses because theres no country that can run without transport.since i started this business, i have built a good customer base and this usually guarantees me of good daily revenue.it is through good customer relations that i keep my business moving.the charges for mortobike taxi usually depends on the distance and the weight of luggage that has been carried.the cost is between USD 0.9-1.5 dollars.in a good day i can manage to collect USD 30.my typical daily expenditures includes;fuelling=USD8 dollars,hiring costs=USD 5,municipal rates=USD 2,and other minor expenses not exceeding USD 3eg puncture repair etc,This leaves me with USD 12 as my net earnings.after removing my home expenditure of USD 4 daily, i remain with USD 8 as my daily savings.with your loan iwill buy a second hand bike and hire it out,this will boost my daily savings and hence help me realize my dream,i trully believe in you
Loan Proposal
Hi my dear lenders,i feel honoured and previledged to apply for my second loan in this wonderfull organisation.the past loan was of great help to me because i managed to do my taxi operations efficiently.because of your kind help,i managed to sustain my family and most importantly sent my siblings to school and now i am also in college doing my diploma in management.i have also managed to save USD 250 which iwant you to support me this time with your precious money so that i can buy my own second hand mortobike.when i get this cash,i will use the entire USD 443 togather with my current savings of USD 250 to buy this mortobike.with this mortobike,i will hire it and through this i will boost my daily savings.i know that my life will change complete and i do know my siblings and i will complete our studies.your loan will surely have a huge impact in our lives,.i will repay the loan given through my savings from my daily collection.your generous contributions will be highly appreciated.thank you ,GOD BLESS YOU
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Amount requested
$443.00
Other loans
Ask Opulo a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.