Loan to purchase new engine

David

Lucky Summer, Kenya

100% repaid

Entrepreneur

Name

David

Member since

November 2016

On-time repayments

194 installments  •  79%

About Me

I am David Aganyo from Nyamira my home county. This is where i schooled for both primary and secondary. I later joined Nyasiongo Techenical college, where i did a course in welding. After i finished my college, i did my attachment in a small factory in Nairobi. Where i was being paid 1500 kenyan shillings a month. I saved this money and opened a workshop with my friend. The unique culture of where i live is that most people like to ride on motobikes and it is a well paying venture. consequently, i did buy one and this is the business i practise up to date. I want to give my children good education so that they can be engineers when they grow up.

My Business

Basically, the business i do is ferrying people from one point to another within Nairobi and its environs. I use a motobike that is fitted with an umbrella. This is a very good business because its a mode of transport that is most preferred in Nairobi
The typical mode of this business is a motobikeThis is a very good business because its a mode of transport that is most preferred in Nairobi. The business has a good profit every day.

Loan Proposal

The engine of my motorbike knocked so , I need to purchase another one. The engine costs approximately 250 dollars.
Once i buy the engine i will fit it to my motorbike so that it can serve me efficiently as it has done before.
My steady profit will be constant to enable me continue feeding my family as well as save for the children. I have also begun saving some money which will enable me buy a new motorbike. Thank you for accepting my proposal.

Thanks for supporting my proposal

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Loan Info

Project Type

Classic Loan

Disbursed amount

$261.00

Date disbursed

Sep 5, 2017

Repayment status

On Time

Projected term

7 months

Lenders

F

flaguy999

Tampa, United States

V

Vivek

Arlington, VA, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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