Insurance for my motor bike

Entrepreneur

About Me

I was born in Nairobi, Kenya in a family of eight. My father is a retired civil servant. The retirement forced my family to relocate to our rural home, where I joined Lwak primary school. The free primary education program had not started then and with my fathers' pension of 40 dollars per month and eight children to support I was in and out of school. I settled with myself that I had to excel in education for me to make it in life. I was crowned the best student In the Kenya Certificate of Primary Education in my school .I Joined Moi Girls Eldoret Where I got sponsorship, then Masinde Muliro University, with the help from the government disbursements to needy students (HELB), I was able to finance my college education and graduated. Employment in Kenya was not forthcoming, thus I followed my passion for entrepreneurship. I would buy curtains from second hand market in Gikombaa and sell. I later got a contract from (IEBC) the election body in Kenya for the 2013 elections. I got 30 dollars which I saved to buy a motorbike and borrowed the rest from a cousin whom I repaid in installments. This is run by my orphaned nephew who remits 3 dollars every day, the excess he uses for his own needs. Motorbikes are widely used in rural Kenya, which are inaccessible due to poor roads, thus presenting an opportunity to invest. I would not like my children to experience the kind of life that I did. My first born would like to be a journalist when she grows up and I am determined to make her dreams valid.I purpose to sharpen my entrepreneurial skills and make their future better and brighter and make them financially independent, realizing their full potential through innovation and entrepreneurship hence solving problems. I wish this for women in general by initiating several groups (chama) for savings and investing.

My Business

I am currently involved in a health and beauty business. I need to buy a lap top to be able to reach professionals with my products and my business model.
The laptop will cost about 300 dollars.
The balance will be used to purchase a projector

Loan Proposal

Dear lenders with this loan I will be able to purchase insurance for my motor bike. In Kenya we usually take insurance every year and it is a statutory mandatory requirement without which we are not allowed to cycle, hence loss of revenue in case one does not have insurance on the roads as this is dangerous especially in case of an accident I would lose my motor bike thus financial loss and a blow to livelihood for my three children and my nephew who operates the motor bike.
Insurance for my motor bike will cost me 90 dollars. This will be of great assistance since the motor bike will run continuously without being stopped by the police hence I will maximize my sales revenue and also I will secure my nephew and the passengers lives in case of an accident they will be compensated accordingly and I will not lose out on the investment in case the motor bike is declared written off in case of a major accident.
My insurance expired last week, since then I am not in a position to raise the amount thus I need your assistance to purchase the cover for the motor bike.

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