Introduce spare parts to motorbike supply shop

Peter Gicheru

Miti Mingi, Kenya

100% repaid

Entrepreneur

Name

Peter Gicheru

Member since

January 2015

On-time repayments

120 installments  •  39%

About Me

My name is Peter Njoroge Gicheru. I grew up in the Miti Mingi Neighbourhood where I started my education and studied from class 1 up to form 4 (Which means I have completed every Secondary School level for those unfamilliar with the Kenyan system). I have started working in Shambas Local, but the wage was not enough to support my family. So later I gathered enough money to buy a motorbike which I use in my Bodaboda (Motorcycle taxi) business. Now I have saved enough to start a local business that sells spare motorbike parts. I use the profit from both businesses to to try and educate my children so that I can offer them more educational opportunities than my father offered me. If I can get more capital, I am very hopeful that I will be able to improve my business so I can educate my children. Thanks people a lot.

My Business

I learnt from my fellow bodaboda dealers that there are many problems that we encounter along the way while serving our customers. I thought of starting a motorbike spare parts shop where I sell things like spark plugs, brake cables, dimmer switches, tyres, tubes, oil, grease, battery waters, and so on. I would be delighted if I could get extra cash to buy more inventory. My business thrives under the notion that, so long as motorbikes are on the road, they will continue buying spare parts from me.

Loan Proposal

i do propose the kes 17,828 as i want to introduce other motorbike spares. this is because my first loan led to increased profit thus found a big room for my spares. i request zidisha to support me in making this purchase as most of the spares are in demand from my customers. selling of these spares will definitely increase my income in the rate of 40%. best regards. Peter Gicheru, mitimingi

Show original English  

About Me

My names are Peter Njoroge Gicheru. I grew up in Miti Mingi Neighbourhood where I started nye education and studied class 1 up to form 4. So I have completed even Secondary School level. I have started working in Shambas local, but the amount of wages given is not enough to run a family. So later I gathered enough money to buy a motorbike which I use in my Bodaboda business. I have saved enough to allow me start a local business that sells motorbike spares. The profit I get from both ways I use it to try and educate my children so that they can go further educationally than my father helped me to reach. So if I can get more capital, am very hopeful that I will be able to improve my business so I can be able to educate my children. Thanks people a lot.

My Business

I learnt from my fellow bodaboda dealers that there are so many problems that we encounter along the way while serving our dear customers. I thoeught of starting a motorbike spares shops where I sell things like spark plugs, brake cables, dimmer switches, tires, tubes, oil, grease, battery waters, and so on. I will be delighted so much if I can get extra cash to buy more such necessities. My business thrives under the notion that, so long as motorbikes are on the road, they will continue buying from me.

Loan Proposal

i do propose the kes 17,828 as i want to introduce other motorbike spares. this is because my first loan led to increased profit thus found a big room for my spares. i request zidisha to support me in making this purchase as most of the spares are in demand from my customers. selling of these spares will definitely increase my income in the rate of 40%. best regards. Peter Gicheru, mitimingi

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$195.65

Date disbursed

Mar 20, 2015

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $9.78

Lenders

Paul Buchheit

Mountain View, United States

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