Head lights and tubes for motorcycle

Samuel

Nakuru, Kenya

74% repaid

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How it Works

Entrepreneur

Name

Samuel

Member since

July 2013

On-time repayments

42 installments • 31%

About Me

Hello, my name is Samuel okello. I am a Kenyan born in the year 1985.. My home town is homa bay I currently run my retail shop dealing with motor cycle spare parts in nakuru town. I am a teacher at a local secondary school. due to my passion in business education as a subject in school, I was able to establish my business with the help of some contribution from my two elder sisters in the year 2011 that is before i got employed.the profit currently goes to business build up.
i anticipate that in the event i am considered for a loan, i will use the opportunity to focus on future expansion as i grow with the organization.

My Business

My business is known as K&K motors. It is situated within the nakuru town municipality. I deal with the sales and promotion of motor cycle spare parts which are an assortment from various motor cycle companies in my small retail shop. My business is three years operational and has kept showing prosperity from now and then with the motor cycle garage set up just in front of vision house , it boosts of being away the busiest retail shops with an estimated daily sales of Kshs. 25000 which has since appreciated to about Kshs 75000 as per the stock. At first when I started this business, I introduced it for the purpose of eradicating boredom after I completed my final secondary school exam with the capital gifted to me through contribution by my two elder sisters. i envisage to service my loan from the profit but in the event the business is making negative returns, i will commit my salary towards loan repayment.

Loan Proposal

i would like first to thank the zidisha team for having supported me in my first loan application. however little the amount was, it enabled me to build up my business as well as a base in your organization for even further considerations in future. i intend to further improve or increase on my stock and even incorporate other spares not necessarily for motorcycles only. increased stock i perceive to increased sales that in turn improves on profit margin. together with the saving accumulated from the business and my monthly salary, i would wish to open a new branch to allow or enable me to have a wide catchment area.