Inventory for my auto spare parts shop

Alexander Nambaka

Eldoret, Kenya

100% repaid

Entrepreneur

Name

Alexander Nambaka

Member since

June 2015

On-time repayments

286 installments  •  88%

About Me

My story
I am Alexander Nambaka. I was born on 21st june 1970 in Kakamega County , Butere/Mumias District , Matungu Division,Buchifi Sub Location, Emahafu village. I am married to Jacklyne Aliviza and we are blessed with four children.
I went to school up to class eight sitting my KCPE in 1986 and obatained a certificate. In 1987 I joined Industrial Training Centre where I did a course in motor vehicle Mechanic, did my grade three Trade Test and got a certificate.
Later on I did an interview with Lochab Transport Limited in Nairobi and got employed. I worked for eight years before being retrenched due to poor economy in the country by then.

My Business

MY BUSINESS

I started selling nut and bolts in the year 2000. Later on I decided to open a shop and begin selling auto spares. I have been in this business since that time to date. From the proceeds of the business I am able to pay rent, feed my family and even take my children to school and pay their school fees.
Since I joined Zidisha, when business is good I make a profit of about US$250 per month. From this, I use 15% to pay my tithes and offering in the church where I am a member, 15%to pay my rent, 30% I use for upkeep in the house 20% to pay school fees for my children and the rest 20% I re- invest in my business.

Loan Proposal

I will use the whole amount that is US$1054 to buy several auto spare parts like nuts bolts and several vehicle spare parts which I sale in my shop.

First it will benefit me for my sales will go up as a result of having several parts in my shop, thus enabling my customers to get most spare parts in my shop which is in the outskirts of Eldoret town. They will not have to pay for transport to go to town and waste time walking around trying to find the parts.

I expect my profit to increase by at least US$300 per month.

Feedback

1

None

None

  • Margaret    Oct 24, 2017

    Alexander paid his loan off perfectly, I would gladly lend to him again and encourage others to do the same.

    Log in to reply • Share


Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$1,037.67

Date disbursed

Oct 25, 2017

Repayment status

On Time

Projected term

19 months

Cost to entrepreneur

Service fee: $43.76

Lenders

C

CThelper

Guilford, United States

ads68

Melbourne, Australia

P

Peter

Bratislava, Slovakia

Stephan W

Witten, Germany

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Ask Alexander a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...