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 Esteemed investors,
My plan is to expand my Bike spare shop so that I can accommodate motorbike spares also. At the moment the shop rely on a mechanic we hired to repair the broken bikes. So, my idea is to bring in motorcycle part and another mechanic to run the same model as the bicycles. I am then looking to buy spares auctioned at the costumes since they are far way cheaper than conventionally in the market, this will cost $800. That would go higher, but that is okay for now. I will also purchase tools for the mechanic to use at a cost of $200, then Licenses for the shop will cost $100. I will also buy 4 chairs & a shade (extension) at the front door of the shop to accommodate the mechanic at a cost of $150. So cumulatively am looking at about $1500 for the whole project. Thank you in advance.

Regards, Naphtali Wangia