Expansion of motor cycle spare shop

Naphtali

Kisumu, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Naphtali

Member since

November 2018

On-time repayments

8 installments • 50%

About Me

Hello Esteemed investors,
I am Naphtali Wangia, Born and bred in Western Kenya. I have a Bsc. degree in mechanical engineering. I was raised in a more entrepreneurial family hence the passion for business. I have been in the job market for about 4 years and now am looking to venture in business, this is what my life can depend on, this is where I can work optimally and promise to give my all. It is taking sometime to raise the amount needed but I think it is worth it. Thank you to Zidisha and all the past investors who have ensured that my journey is smooth.

Regards, Naphtali Wangia

My Business

Hello Esteemed investors,
I plan to expand my Bicycle spare shop so as to accommodate motorcycle spares as well. Currently the shop is largely supported by our mechanic that we have hired to repair broken bikes. So, the idea is to introduce motorcycle parts plus a mechanic for the same. I am planning on buying spares that are auctioned at the port because they are far much cheaper, this will cost about $800. It could be more, but this is okay for the start. I also purchase specific tools for the mechanic at the cost of $200, Licensing the shop would cost $100. I will also want to purchase 4 chairs and a shade at the front of the shop at a cost of $150. In total am looking for about $1500 for the project. Thank you in advance.

Regards, Naphtali Wangia

Loan Proposal

Hello Investors, I am seeking $1100 to expand my spare shop. Currently I have a bicycle spare shop and a mechanic at the front door. My area has a wide gap in the motorcycle space in terms of the mechanics, it would attract many motorbike taxi riders if they can access spares for their bikes and a mechanic as well at one point. I plan to start sell motorbike spares worth $800, I also plan to extend a tent (shade) at the front door and put 4 sits also, this will cost $120 and business licence $85, tools will cost $100. I currently make $50-$75 per week, I expect this to increase over time but an estimated total revenue of $150-$250 is expected weekly.