Entrepreneur
Name
Peter
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
$100.00
Date disbursed
Apr 22, 2013
Repayment status
On Time
Projected term
12 months
Other loans
Lenders
Tampin, Malaysia
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