Buy stock for motobike spare shop

Marion Ngigi

Nairobi, Kenya

10% repaid

Entrepreneur

Name

Marion Ngigi

Location

Nairobi, Kenya

On-time repayments

132 weekly installments  •  22%

About Me

My name is marion njeri am a born again christian a member of a family of six, am maried to mr njenga kiambuthi in the year 2014 , I live in limuru karanjee village next to catholic church.
I began my bussiness with the help of my husband whom gave me 40000ksh and I had saved 30000ksh from selling ready to eat pork meat, my husband whom is in construction section adviced me to open a small shop to sell cars and motobike spare partdue to the raising need and increase in motobikes.
So I used the cash to rent a small shop and buy the reguired spares.
My son would like to be a doctor and would wish to surpport him acheive is dreams .
I love taking photos and reading novels.
my land is the land of bussiness you will be surprised to find a small boy selling scrap metal after school in the evening.

My Business

I began my bussiness in the year 2013 with a capital of 60000ksh for stock, today I run a stock of 120000ksh.
I sell diffrent spare parts motobike spare parts, engine oil and mad guards , I calculate my profits on a monthly record and make a monthly profit of 32000ksh this the best I have ever made but on average I make 25000ksh .
This money I use to take my kid to school surport my husband projects,feed my family and cater for my mothers siblings basic needs and additional of stock.
my bussiness is growing and I would like to expand it even more.

Loan Proposal

granted 242 usd i will use it to buy motobike mudguards wich are on demand at 142 usd pressure plugs and tyres,battery,wind gusrd,brakes and tubes all at 100 usd this will meet my custormers demand and increase sales.
I will use the profits to pay school fee for my child.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$239.85

Date disbursed

Oct 10, 2015

Repayment status

Late

Projected term

26 months

Cost to entrepreneur

Service fee: $11.99

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