Expand my motor vehicle shop to include m-pesa services

Winnie

Nakuru, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Winnie

Member since

February 2014

On-time repayments

100 installments • 72%

About Me

My names are winnie sumukwo. Am a mother of two children ages 15 and 12 respectively , i live in Nakuru county in the estate of kendlands am a business lady i dealing with motor vehicle auto parts , i have diploma in business management , i was interested in this business because i had woked for a similar spares shop and i was motivated to open mine, i do purchase more spares from the money i get.I source my spares mainly from Nairobi. My vision is to expand my spares shop so that i might be able to import goods diectly from Dubai, Japan and other countries.

My Business

The motor vehicle shop is mine i sell mostly Toyota parts like shock absorbers , Ball joints , Tie rod ends , Engine oil, Oil filters , Grease, Bolts , Body parts like front and rear lamps , corner lamps, wind brakers, and many more. my customers like my shop because of the services i offer them , the challenges i face is when they purchase the spares and they do not pay back, the business is profitable it does not ave fixed prices i do get 10000KSH after deducting my expenses also paying my revenue, I will purchase more stock when i get the loan more especially first moving goods.

Loan Proposal

I wish to apply for another loan from Zidisha . I need the loan to help me expand my business to include Mpesa services which is a mobile money transfer services offered by Safaricom.people will be withdrawing and depositing money to their phones at my shop and i will be able to earn commissions every month.my business is located in a strategic position . i will use 200 dollars to make deposit for the line and have it as my float for the transactions and the the rest i will use ti buy bolts and nuts and washers as spares stock. Depending on how many transactions i make in a month the Mpesa service will earn at least 50dollars every month. and the bolts and nut depending on there sizes i get a profit of at least 0.5 dollars . these will help me improve on my daily life .

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David Oct 29, 2019

Loan was originally scheduled to take two months. Smaller payments and a payment gap extended the loan to four months, but I am pleased to see the loan cleared.

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