Buy bicycle spare parts for sale in my shop

Hadson Wakaba Ndiang'ui

Khisero Village, Kenya

Funds disbursed

$0 to go

100% funded of $146 goal

0

days left

Entrepreneur

Name

Hadson Wakaba Ndiang'ui

Member since

April 2014

On-time repayments

24 installments  •  71%

About Me

My names are Hadson Wakaba Ndiang’ui. I grew up in Nakuru County but later moved to Kakamega county at a place called Khayega. Where I now live with my family. I am married to one wife called Jacinta Muthoni. We have twin children who are both girls. They both attend Elimu Nursery school in Khayega. I come from a humble Christian background. I run the business of selling bicycle spare parts. I have been in the business for over two years now having changed from dealing in electrical goods. I moved to bicycle spare parts because I saw the great potential of the business, especially now that many people are buying bicycles which regularly need repair. I run my shop along Khayega Town. I buy my wares from business persons who import them from Asia, mainly China. I have every bicycle spare part one can need. Most of my customers are bicycle taxi operators who work in the rural parts Kakamega county.

My Business

My business involves selling of bicycle spare parts. In my shop, I sell bicycle tubes, tyres, brake pads, seats, helmets, among other items. bicycles has emerged as a reliable mode of transport in many rural parts of Kakamega County. And with increased use of bicycles in the public transport system, demand for spare parts due to tear and wear has risen.The business is lucrative. Price of goods in my shop range from between US$0.2 US$ 20. The expensive parts are bicycles frames, most of which are made from aluminum tubes. The much soughted spare parts are tyres and brakes. Tyres are on high demand because they need routine replacement. Most operators change them between four and seven months. I sell the tyres between $17 and $19 depending on the make and quality. On a good day, I can make up to $50.My main challenge is counterfeit spare parts. There are so many counterfeit spare parts in the market that it is hard to avoid them. They are cheap but do not last. Some customers buy them only to come and complain few days later, which is not good for business. My dream is to open a wholesale business for bicycle spare parts. I am hereby requesting Zidisha microfinance to help me by funding my loan.

Loan Proposal

I thank you once again for giving me an opportunty to apply for another loan.My business involves selling of bicycle spare parts. I sell them in Kakamega County. Bicyles are the major mode of transport in my rurul home. Therefore there is high demand for the spare parts due to tear and wear. My wish is to increase stocks of bicycle tubes, tyres, brake pads and seats. My current stock has gone low. The stocks which I will buy will enable me to sell continuously to my customers without fail. This will increase my profit hence help my family.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$145.56

Date disbursed

Oct 9, 2014

Repayment status

Late

Projected term

7 weeks

Cost to entrepreneur

Lender interest: $145.56 at 6.40% annual rate over 1 month = $1.33

Service fee: $0.76

Lenders

H

howru

Toronto, Canada

IM

Isak Maaseide

Tromso, Norway, Norway

B

BigWillie

Belfast, United Kingdom

H

howard

Vence, France

atallman

London, United Kingdom

larry

Sweden

DennisM

Netherlands

Mikers

Netherlands

P

Prometheus

Duisburg, Germany

lakridserne

Sorø, Denmark

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