Peter Ngero

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Peter Ngero

Member since

March 2013

On-time repayments

17 installments  •  35%

About Me

l am a mechanic by profession and do repair all sort of motor vehicle.l started this after being trained in the year 1992 from a local technical institute. And after working in several garages and gaining experience l decided to start my own spare parts shop in Nakuru town.l normally get the stock from Nairobi and mostly stock the toyota spare parts since they are easily available and have market compared to the other type of motor vehicle. l make sure that my prices of my items is relatively cheap so as to attract more customers.

My Business

Although there is alot of competition here in Nakuru l always ensure that my goods are genuine and cheap so as to retain the customers and because am a trained mechanic this has enabled me to network with most of my customers.l normally buy a stock of ksh 100,000 per month and my sales revenue is normally around ksh 180,000 per month.l have managed to employ one young man in the shops to help me with the sales.since this is a spare part shop there is no major risks of the business.if advanced the loan this will enable me to add more stock and expand my business.

Loan Proposal

dear lenders with this first loan i will buy some motor vehicle parts and spares which i usually sell in my shop. i will add also power saw spares which i sell in my shop. since the demand of comodities are in a very high rate, i will use the money to add the stock. most of my customers prefers my commodities because i collect my goods from nearby country called uganda. i will collect some power saw parts in uganda and then took them to my shop.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.11

Date disbursed

Apr 22, 2013

Repayment status

On Time

Projected term

12 months

Cost to entrepreneur

Lender interest: $100.11 at 3.14% annual rate over 12 months = $3.39

Service fee: $3.77

Other loans

Lenders

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mikedufty

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Sister

Kongsberg, Norway

Namaste250

Pittsford, United States

Z

zhihanchew1234

Tampin, Malaysia

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