Loan to overhaul my taxis

Entrepreneur

About Me

My name is Patrick Nduati Karanja.l am 40 years old and married with 2 kids.My son Adrian is turning 5 years next month and I have another son who's two weeks old. l live in umoja estate in Nairobi,kenya.l am a businessman and i hire tents and plastic chairs for events.l also have 2 cars that operate as taxis.l was raised by a single parent,my mum.l am the first born in the family of four and my two sisters live abroad,in Germany and Netherlands.l live with our last born sister as my mum is deceased.l have always been business minded since i was a little boy and i enjoy being independent.l pay my rent,pay bills and proide food and clothing for my family.l always thank God for what i have.

My Business

l have 4 tents and 350 plastic chairs which i hire out.l hire out the tents from $20 -$40 per tent per day and $1 per 10 chairs per day. This business is usually good between Friday and Sunday when most people are having events such as weddings and and other social gatherings. l get between $40-$50 per week.

I am also in transport business where I own two cars that I use as taxis to ferry people for short distances within the city of Nairobi. I make a total of about $60 per vehicle per week after all expenses are paid. I am glad I am doing relatively well in both business but challenges still abound especially in the transport business. From tire replacement, insurance cover and general maintenance - all these keep me on my toes all the time.

I am glad that since I joined Zidisha over a year ago, the loans I have been getting have eased these pressures significantly. Hopefully, with more credit, I will be able to secure financial freedom that I so much desire.

Loan Proposal

I operate taxi business in Nairobi city using my two vehicles. Due to rough roads within the city and the normal wear and tear, the two vehicles are in urgent need of an overhaul.
I have planned to it as follows:
• For the first vehicle, I need to overhaul the engine at a total cost of USD 230
• For the second vehicle, I need to do paint work and minor bodywork at a cost of USD 320
• I need to replace the headlights of both vehicles at a total cost of USD 120
The business I do has fierce competition and the vehicles have to be in tip top condition for one to succeed. I therefore would appreciate if given this facility as this would give me an edge over my competition.
My revenue is collected daily and therefore I will be able to service the loan comfortably just as I have done with the previous two.

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