Name
Edward
Member since
January 2013
On-time repayments
11 installments • 18%
I am a married businessman living in Kiptangwanyi Shopping center which is about 45 kilometers from Nakuru. I was born in Kiptangwanyi and have been in this place for long. I attended Muriricua primary school and later Muriricua secondary school. This has therefore given me an opportunity to know this area and thus am very familiar to issues and especially those that affect the businesses in this area.I live with my family in plot number 489 at the shopping center. I bought this piece of land in the year 2003. This was through the business that I operate in this area. My three kids are in school and the business has been of great help in terms of paying their school fees. The business that I operate is motorcycle and bicycle repairing. This is a business that has been good since I started it in the 90s. With the coming of the motorcycles, the business improved as the services that I offer to repair them are usually changed higher compared to when I repair bicycles. I am hoping to improve this business to a higher level with this loan that I will get from Zidisha organization.
I repair motorcycles and bicycles at the shopping center. I started repairing bicycles in the year 1996 at Kiptangwanyi. At the moment, bicycles were the main means of transport and they were widely used in this area. The area of Kiptangwanyi and its surroundings is usually relatively flat and this has made it convenient to use bicycles in transporting and also movement from one area to another. This made me to have so many customers to offer the services of bicycle repairing. Later, the coming of motorcycles was good news and the business took a new and positive direction. People bought them and I started also to repair them. Slowly by slowly things changed and I was able to offer the services, At the moment I am now able to offer services to both the bicycles and motorcycle operators. I have also opened a spare parts shop at my business and I am able to make good profit from the business. The main challenges that the business encounter are poor roads especially during the rainy season and fluctuating prices of spare parts in the world market
I wish to use this loan that I will be granted to improve my business by doing the following.
firstly, I would like to buy an electrical compressor. This will be used in my motorcycle business to pressure the tyres of these motorbikes after repairing the puncture. the compressor will also some vehicles and this will enable me even to repair punctures for vehicles.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$500.00
Date disbursed
Jan 27, 2013
Repayment status
Late
Projected term
12 months
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