Addition of vehicle spare parts for retail

Mutua Muola

Nakuru-kenya, Kenya

5% repaid



Mutua Muola

Member since

October 2012

On-time repayments

32 installments  •  31%

About Me

I am married to Roslyn and God has blessed us with five children who are in diferent scholls.i live at nakuru county location langa langa.i run spares{mechanical}with this loan i will boot my business by purchasing more motor veichael spears parts.also i deal with tires that is selling ream.i will purchase the brand tiers where my customers have been asking and due to lack of enough capital have been telling them out of stock.all kind of spear part will be stocked after getting the lorn.i will increase my business with relevant tool
hence .
I do pay school fees for my sons and daughters but the first one has completed form four, some are in secondary and two in primary school ,The first loan I received it greatly assisted me much I added enough stock to my business which assisted me to pay back my loan and I remained with the business running .By doing so I have been in business though it has take na lot of time to grow as well as to change to another step is just stagnant.

You may have passion of starting or boost your business but you are poor financially, loan can highly boost you to another different level in business .

My Business

AM AT THE NAKURU COUNT AN INDUSTRIAL AREA AND THE AREA AM LEADING IN SELLING THE SPARE PARTS OF All categories.My business as a sole proprietorship business which is legally licensed under the municipal council of Nakuru act nakuru .It was established the year 2008 my customers do come from in and its outskirts come to buy the spare parts at my stall and be ready for serving customers and give them the service which bring them and attract them and make them to be coming to my business
I have a financial risk since I started my business with small capital which make me to grow very slowly and loose some clients by not meeting all their needs,Technology, especially those characterized as “disruptive” have long and costly acceptance cycles, they have run into unpredictable performance eg manufacturing problem(poor quality of products ) also operation risk,Since some of my clients call for door delivery which comes very difficult for me to deliver my goods to them in time. Also the major challenge that I face is from the clients since some tend to take goods on credit and they delay to pay which hinder me from expanding.
I do meet my smoothly needs in terms of paying house rent,labour and other small work expenses,If I get $ 3530 US dollars I will add more stock and buy variety of goods as to deliver a first quality goods as my clients needs as well adding value to my work. My business will grow first to a different level.

Loan Proposal

This loan will help me to boost my job through adding more spareparts in my business e.g tyres which I normally deal with and they are fast moving since I have a strategic postion of my business. Actually the previous loan also helped me a lot I believe this too will add more value in my business.

I belive that next loan will be more so that I can be able to see my business growing to another level.

My business is requiring about US dollars US $500 to move to higher level adding what I have as cash. Am still working hard to see that I will not disappoint my lenders and zidisha staffs at large so that we can live well as a community despite of distance.

Thank you very so much for you kind support.






Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

Apr 22, 2014

Repayment status


Projected term

4 months

Cost to entrepreneur

Lender interest: $198.09 at 1.93% annual rate over 4 months = $1.47

Service fee: $2.69



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