Loan to buy a second motorcycle

Entrepreneur

About Me

I was born 34 years ago in a humble family of 5. I have a Bachelor of Arts degree in Economics and Political Science and pursuing my MBA in the University of Nairobi. I have a dream of being a source of inspiration for children from poor, separated, divorced or single parents who are trying to figure out or struggling to come to terms with their family and social status. To me they are my brothers who need someone to mentor, encourage and guide them in making good decisions that will add value to their lives.

My Business

I am currently concentrating with developing different aspects of my life. Life's journey requires holistic, balanced and gradual growth to prepare one self to opportunities that may arise.

Loan Proposal

My loan proposal is for buying a brand new motorbike that can guarantee a net income of $260 per month, the cost of maintaining a brand new motorbike as opposed to a second hand bike is almost zero for the first one year. This will be an add up to the one i already have.
A brand new motorcycle costs KES 105,000 ($1020). With a deposit of KES 44,000 ( $430) am able to get one at a local distributor in Rongai and pay the balance for 12 months at KES 5083 ($49) per month. With me working with the motorbike full time am able to earn a net of $ 9 per day approximately $234 per month. I will also be getting $4.5 ( $117 monthly) on my already existing motorbike. My total loan obligations will be $90 per month. leaving me with approximately $ 260 every month to take care of my family.

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Loan Info

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