Buying building material for my motor bike
Moses
Eldoret, Kenya
100% repaid
Entrepreneur
Name
Moses
Member since
June 2015
On-time repayments
189 installments • 86%
About Me
Am called Moses Karanja Njenga .I was born in the year 1958 in Kamukunji Estate of Eldoret town .
I attended Primary School between the year 1966 to the year 1972 in Eldoret Union .
Secondary between the year 1973 to the year 1976 in Uasin Gishi High School.
I did not go to the University due to lack of School fees because my parent s were very poor.
I am married and with three children all boys .
Two of my Sons have completed high School ,only the last born Son is still in the high School.
I star ted this Business after I saved money to buy a motor bike which am using to date.
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Two of my children want to become business men but one want to become a Teacher.
In my free time I do read the Bible and music for because am also a Pastor.
My Business
I provide transport services to the public in Eldoret and outside Eldoret.
This services is in demand because there no vehicles in many of our roads because our roads are not in good condition.
I chose this kind of Business because it is Cheap to operate so long as you have motor bike.
My typical cost and revenue is 7,000/=Kshs
I use 20,000/=Kshs for School fees
Reinvestment I use 2,000/=Kshs
Home improvement 5,000/=Kshs
Church activities I use 3,000/=Kshs
And I expect this to go up in the near future as the Business continue to grow.
Loan Proposal
If I am given this loan amount then I will buy 14 iron sheet for building a shelter for my Motor Bike at a Cost of 200US Dollars.
Nails a cost of 15 Dollars .
This will make the motor Bike safe and in good and cool condition and therefore people or customers will like and will come to for hire and therefore I will make a lot of profit .
If this money is pumped in to this business the I expect an increase of 40%.
Thanks so much for considering me again to fund me.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$214.00
Date disbursed
Nov 26, 2015
Repayment status
On Time
Projected term
11 months
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