Increase stock in my motorcycle spare parts shop

Francis

Thika Town, Kenya

100% repaid

Entrepreneur

Name

Francis

Member since

December 2014

On-time repayments

112 installments  •  63%

About Me

I am a gentleman born in 1982. I completed my secondary education in the year 2002 and gained a grade of B plain i.e., 53% points. Later, I joined Strathmore University to pursue my accounting course and completed up to C.P.A. section 4 where I dropped out due to financial problems. Fortunately, I got employed in 2008 in a transport company called Benjo (k) Limited as an accountant. I am married and blessed with two children, one in 2012 and other one in 2016. From my little savings in my employment, with the help of my wife, I was able to start a motorcycle spare parts shop in a small 10x10 Ft squire metallic container in an estate called Makongeni in Thika town.

My Business

I started my business in the year 2012 with the help of my wife who runs it even today. I got the capital from my small savings of KShs 115,000 whereby I paid advance rent of 3 months of KShs 7,500, i.e., KShs 2,500 per month. I paid for my business license of KShs 5000. We were able to acquire a stock worth KShs 101,000 and paid transport (carriage inwards) of KShs 1,500. Despite the competition and economic inflation, our business has reported growth because the business is able to cater for our 50% of our needs and still be able to add more stock. Stock valuation done in November 2014 is worth KShs 148,000. This makes me proud for the next one year I see myself as a wholesaler, one year down the line as a big importer of the spares. It has been my dream in future to be a big successful businessman.

Loan Proposal

Hello Zidisha. First, I wish to thank you for your continued financial support. When funded, I am planning to increase my stock which will last a bit longer to decrease my cost of making so many trips to Uganda for purchases. Currently, I have been travelling twice a month and my wish is to reduce that to no more than once per month. God bless you as you purpose to fund me.

Show original English  

About Me

Am gentleman having completed my secondary education in the year 2002 and gained a grade of B plain ie 53% points. Later i joined Strathmore universty to pursue my accounting course and completed up to C.P.A section 4 where i dropped out due to financial problems. Fortunately i got employed in 2008 in a transport company called Benjo (k) Limited as an accountant. Am married and blessed with two children, one in 2012 and other one in 2016. From my little savings in my employment, with the help of my wife, i was able to start a motorcycle spare parts selling shop in a small 10*10 Ft squire metallic container in an estate called Makongeni in Thika town.

My Business

I started my business in the year 2012 with the help of my wife who runs it even today. I got the capital from my small savings of kshs 115,000 whereby i paid advance rent of 3 months of kshs 7,500 i.e kshs 2,500 per month. I payed business license of kshs 5000. We were able to acquire a stock worth kshs 101,000 and payed transport (carriage inwards) of kshs 1,500 . Despite the competition and economic inflation, our business has reported growth because the business can be able to cater for our 70% of our needs and still able to add more stock. Currently stock valuation done in June 2017is worth kshs 201,000. This make me proud for the next one year i see myself as a wholesaler, one year down the line as a big importer of the spares. It has been my dream in future to be a big successful businessman . This year i successfully introduced new financial services business called M-pesa.

Loan Proposal

Hello zidisha, First is to thank you for your continued financial support. When funded am planning to increase my stock which will last a bit longer to decrease my cost of making much trips to Uganda for purchases. Currently i have been trvelling twice a month and my wish is to reduce to at least once per monht. God bless you as you purpose to fund me.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$178.00

Date disbursed

May 11, 2017

Repayment status

On Time

Projected term

2 months

Lenders

M

Meckel

Boulder, United States

A

anonymus

Moon, United States

Cloudways

Malta, Malta

nakamura

United States

fairspirit

Utrecht, Netherlands

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

M

Moonknight

Østre Gausdal, Norway

O

olliepalmer

London, United Kingdom

E

E

Marin county, United States

Evan Lamos

Brussels, Belgium

S

spivurno

United States

TyWee

Manila, Philippines

L

luckiestmonkey

United States

S

Stephan

Netherlands

Jake Badger

Roskilde, Denmark

Carla

Amsterdam, Netherlands

LH

Lisa Heinze

Milwaukee, Wisconsin, United States

GN

Gabriel N

Switzerland

M

Magnus

Switzerland

MW

Mark Walmsley

Canberra, Australia

KirstenAlana

Los Angeles, United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Benjamin Kniaz

Boston, United States

Humble Bundle Community

San Francisco, United States

HCPSPIRIT

Helsinki, Finland

Paul Buchheit

Mountain View, United States

Tyler Metcalf

Utah, United States

SS

Sandi Smith

Pimpama. Queensland, Australia

John Barnett

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

L

Liz

Canada

sbdoc

Reno, United States

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