Stock of tyres, rims, tubes, etc. for my tyre repair shop

Justus Ngemu

Nakuru, Kenya

32% repaid

Entrepreneur

Name

Justus Ngemu

Member since

November 2012

On-time repayments

226 installments  •  68%

About Me

I am Justus Kyalo Ngemu,I am married with Five children,I am a form four Graduate,I am a businessman,I live with my family at Mwariki Estate in Nakuru county where my wife she is a house wife. I live in a rental place a two bedroom house where I pay $ 48 us dollas. I am the bread winner of my family though I am planning to start a small grocery shop for my wife as I do my tyres business.

I started business in 1998 since my parents were poor there wasn't enough money to continue with my Education but I hard a passion of selling tyres where I was given a soft loan by my uncle where I get a capital that enabled me to start the business. I started doing this business to sustain me and make an extra coin for a living,By this time there was no competition in tyres industry.

Recently I have come out with an Idea of recycling used tyres manualy and replanding them though serves my clients for a short time.hence I sale to my clients at a very low cost,where I have found many clients like them so much.

By doing this business has enabled me to bring up my family as well educate my younger brothers and sisters from my earning as well it has greatly helped me and my family at large.
By doing this business seems to be a unique business before being done by many people made to grow slitely in that particular industry.

My Business

My business name is YATTA TYRES is Located at lower Bedi road opposite Bedi Fibrication Factory in Nakuru box number 14679-20100 Nakuru.It is sole proprietership,It was established May 1998.
It is licenced under single business permit under the municipal council of Nakuru.

My business deals with selling and repair of tyres I sale tyres of deferent types like:- Firestone which is now yana,Gt tyres,Goodyear tyres, Michellin tyres,pirrell tyres ,Ling long,Mashal and Chingshang.

Most of my customers prefer my business because of the services they are offered and as well the my costs are standard.depending on type of tyres they need from lower class to higher class.My business is like a food selling business since people has to go to work and back tother homes they have to use vehicles as well as carts in the farm daily ,though there is more competitors they depends how first I can deliver the services to them.The site where I am located there is no more competitors hence my services to my clients are good,first and reliable all the time,though you can here some complains but not more since there is no perfect person.
My business is prifitable for one I do understand very well the business since is the only business I have been doing since 1998,so have old clients from major firms,industry and some ministries who orders tyres and other services at a larger quantities hence making more profit though some times I don´t meet their needs.

I have a financial risk I started my business with small capital which make me to grow very slow and loose some clients by not meeting all their needs,Technology New technologies, especially those characterized as “paradigm shifts” or “disruptive” have long and costly acceptance cycles, they have run into unpredictable performance or manufacturing problems. Some of tyres are fake hence ends up me going for a loss,also operation risk,Since some of my clients call for door delivery which comes very difficult for me to deliver my services to them in time.

I do meet my smoothly needs in terms of paying house rent,labour and other small work expenses,If I get $2353 Us dollars I will add rims and tubes hence meeting my clients needs as well adding value to my work.My business will grow first to a different level.

Loan Proposal

I AM PLANING ON MAKING SURE THAT AT MY SHOP, I HAVE ENOUGH SAID ABOVE ITEMS SINCE IT WHAT I CONSIDER TO BE MY STOCK AND SOURCE OF MY DAILY INCOME, THE ENTIRE AMOUNT YOU GIVE ME PLUS WHAT I HAVE AT THE MOMENT IS MEANT FOR THE PURCHASE OF THIS STOCK, thanks in advance may almighty GOD bless you as you make move to lend me achieve this stock in time, thank you.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,189.88

Date disbursed

Jul 25, 2017

Repayment status

Late

Projected term

18 months

Cost to entrepreneur

Service fee: $50.02

Lenders

T

Tmann

Los Angeles, United States

C

Christian

Saarbruecken, Germany

J

JonnyPrice

San Francisco, United States

Umair Mahmood

Raleigh, United States

M

Meckel

Boulder, United States

cyrus0302

San Francisco, United States

ErikN

Stockholm, Sweden

Vanamo

Helsinki, Finland

AndreaBravi

London, UK, Canada

Pere

Barcelona, Spain

TK

Tim Koppel

WOLLONGONG, Australia

D

Darish

Clarksville, United States

J

jipi9000

Vantaa, Finland

T

tmsaddress

Orlando, Florida, United States

HE

help each other

Glasgow, United Kingdom

J

j12345

Durham, United States

G

glomardor

Leonardtown, United States

Cloudways

Malta, Malta

J

jzidi

Los Angeles, United States

T

the0bauman

Hillsboro, United States

AdvancingCompassion

San Diego, United States

G

Goodwill

Oakland, United States

J

jwharding

Hamburg, Germany

ads68

Melbourne, Australia

Cadwah

Barcelona, Spain

Andreas Kiss

Vienna, Austria, Austria

Y

Yevrahs

Dallas, Texas, United States

fairspirit

Utrecht, Netherlands

Bobrm2k3

Charleston, United States

Winona

Yakima, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

gseletko

South Perth, Australia

JOKer

Weisendorf, Germany

soniad

Dubai, United Arab Emirates

E

Esukken

Göteborg, Sweden

E

edgrr000

Dallas, United States

A

andy.gayton

San Francisco, United States

mikeice

Kohler, United States

Evan Lamos

Brussels, Belgium

sderickson

Berkeley, CA, United States

E

elhh82

Petaling Jaya, Malaysia

M

Malibu

Westwood, United States

J

JeffH

United States

S

stevemorin

United States

L

luckiestmonkey

United States

B

bscent

Hong Kong

PolarBearCapital

United States

E

Estebanito

United States

SuperMario28

Cudahy, United States

T

Tony1

Australia

Voscke

Utrecht, Netherlands

Mike and Jacqui

United Kingdom

Frank Termathe

Frankfurt Main, Germany

DR

Daniel R

Berlin, Germany

E

Erich

Zurich, Switzerland

Gab

Singapore

Dave Bogard

New York, United States

Elias

Ulm, Germany

MD

Miles Dodge

CORVALLIS, United States

MW

Matt Willis

United States

W

Wade

United States

JD

Jo Dane

Melbourne, Australia

Elly

Woudrichem, United Kingdom

PC

Patrick Clavette

Hartford, Wisconsin, United States

Kate Courteau

United States

Lou Kaucic

Sanbornton, NH, United States

Kevin

San Francisco, United States

MI

Matt Insler

United States

JC

JD Conley

United States

M

Marc

Newcastle upon Tyne, United Kingdom

MG

Meron Gribetz

United States

JD

Jeff DePree

United States

PT

Paul T

Amsterdam, Netherlands

TH

tom hd

United Kingdom

Carla

Amsterdam, Netherlands

PG

Paul Graham

United States

N

Nick

United States

E

eriklonnroth

United Kingdom

Aran Dunlop

United States

jo

Los Angeles, United States

Joe Lamantia

Reston, Virginia, United States

A

Andrei

United States

P

Peter

Bratislava, Slovakia

Eugen Stamm

Zurich, Switzerland

R

Roanna

Alberta, Canada, Canada

BM

Billy Merritt

United States

MT

Marco Tietz

United States

V

Vidar

Oslo, Norway

H

Huub

Switzerland

JC

juli camrud

United States

WL

William Lisa

United States

Sara R

Leuven, Belgium

RG

Ravi Gadad

United States

RC

Roy Chicky Arad

tel aviv, Israel, Israel

JA

Jan Andresen

Hamburg, Germany

SM

Sachet Marion

United States

SA

Shar Alamdari

Los Angeles, United States

A

Auguste

Switzerland

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Benjamin Kniaz

Boston, United States

SH

Stephanie He

United States

Humble Bundle Community

San Francisco, United States

JS

Jason Strauss

United States

A

Ari

United Kingdom

BE

Bob Ewing

United States

RG

Ryan Gough

United States

E

Ejvin

United States

D

Dalton

San Francisco, United States

HCPSPIRIT

Helsinki, Finland

Haroon S

United States

The Weltys

Averill Park, NY, United States

Jean Wren Chan

United States

M

Mallory

Australia

R

RMIM

United States

Mike

Indianapolis, United States

WC

Walter Clarke

Phoenix, United States

Victoria Keenan

East Anglia, United Kingdom

CA

Carles Alcolea

Barcelona, Spain

Paul Buchheit

Mountain View, United States

John Barnett

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

A

Anonymous

United States

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