Addition of vehicle spare parts for retail

Mutua

Nakuru-kenya, Kenya

5% repaid

Entrepreneur

Name

Mutua

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.

Feedback

4

None

1



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Loan Info

Project Type

Classic Loan

Disbursed amount

$198.00

Date disbursed

Apr 22, 2014

Repayment status

Late

Projected term

4 months

Lenders

EricDWalters

Rochester, Mn, Usa, United States

J

jjonas

berlin, Germany

H

hanso

Arendal, Norway

Eduard

Dnepr, Ukraine

Bobrm2k3

Charleston, United States

C

cardiff

Falls Church, United States

Sarasota

Sarasota, Fl, United States

Lambie

Perth, Australia

E

Escalada

Bakersfield, CA, United States

A

Anonymous

United Kingdom

T

thebonseung

Republic of Korea

A

ajayhk

San Jose, United States

D

dcssales

United States

Ask Mutua a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Eduard    Sep 30, 2014

    Hello Mutua. How are you doing? Do you have any financial problems?

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  • Eduard    Jun 16, 2014

    Good afternoon. How are your business?

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  • Mutua    Dec 8, 2013

    Thank you so much for your effort The loan has helped me so much for the loan that i received.My business is working very well for the loan.I propose if the second loan will be higher i will manage to buy a pressure machine that cost Ksh. 50,000 and I belief my business outcomes will be higher hence I will get more and more customers since there isn't any pressure machine around that may give me competition may the Almighty God bless you abundantly for your good work.

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  • Mutua    Dec 8, 2013

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  • Mutua    Dec 4, 2013

    To all lenders and zidisha team at large, I wish to kindly pass my thanks for your sincere support to entrepreneurs in Kenya I being among them. This loans had a great positive impact in my life since it has helped me to expand my business as well as maintaining my clients through serving them efficiently, May God remember and bless you with all His riches so that you can also continue with that same spirit. I wish to tell you that this time round I will buy a tyre pressure machine which worthy Ksh.50,000 which will also boost my business further. below I posted my business picture which deals with punture repair and selling of tires.
    Thanks and God bless you as we continue together as brothers and sisters.

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  • Mutua    Dec 3, 2013

    thanks for your support and this is my business photo.

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  • Mutua    Dec 1, 2013

    Am really grateful to receive second loan which has helped me alot to increase the stock in my business as well as fulfilling the needs of my customers,

    I also hope to get the third loan by next week as i complete payng the second one. Thanks alot and God bless you.

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  • Mutua    Aug 8, 2013

    am very grateful for your second loan which has helped to add stock.there is no need for conducting the volunteer mentor{ENOCK SOMONI} who is not helping us in any way.

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  • Foreclosedjapan    Jul 23, 2013

    Best of luck with your second loan. I hope it helps.

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    • Mutua    Aug 12, 2013

      thank you am very glad for the second loan which you lead me.have purchased some materials/goods for my business.for sure you have helped me thank you

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  • Mutua    Jun 14, 2013

    Due to many issues that I have which are unavoidable I will not be able to make this month's payment. But the remaining balance I will try to repay them once probably even the next payment date reach. I hope my request will be favourably accepted by you. I work hard to see that I will not reschedule my loan again.

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  • Mutua    Apr 10, 2013

    thank you leaders,am greatful for your loan which made me to boost my business and more to be a member

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    • mewesten    Apr 10, 2013

      Hello Mr Muola,
      I truly hope that you will be able to meet the needs of your customers and provide you with profit to grow your business. Maybe in time you can partner with a delivery person to help you deliver to the customer's shop. .
      Best wishes to you and your family, sir.
      Marvin

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