Inventory for motorbike-parts store & service shop
Daniel
Ngong, Kenya
100% repaid
Entrepreneur
Name
Daniel
Member since
July 2015
On-time repayments
343 installments • 79%
About Me
Hello lenders,
my names are Daniel Kivango Malului married to Miriam Mumbua and blessed with 4kids two boys and two girls.Our first born Hervey Kimuli Kivango was born in 10/10/2008 and is currently in standard seven while second born Mary Kaveke Kivango was born on 15th/09/2012 and she is in Grade 3. Our third born Abigael Munini Kivango was born on 28th/01/2016 and she is now in PP2,Our last born Jeremy Mulei Kivango was born on 24th/04/2018 and he has not yet joined school.I grew up in Rural area where I attended both my primary and secondary school before joining a college in a city of Mombasa,where I studied shipping but never sat for my final exam due to lack of exam fee . That's when I got an opportunity to train in a 5 star hotel and landed my first job there. I was able to take myself to college and studied travel and tourism until consultant level.
My Business
I started with motorbike spare part business from my salary saving before joining zidisha which gave my business a remarkable boost until I was able to open a new business of water purification which is the newest project I have currently. Thanks to lenders and zidisha at large for this achievement.I have employed 3 workers to start with and sponsoring local rugby club with drinking water every time they have a match.
Loan Proposal
We are approaching the rainy season here in Kenya. During the rainy season, motorbike tires record the highest sales. For size 2.75/17, I usually buy that at a price of KES 850 (USD 8.34) and sell it at KES 1800 (USD 17.65) per piece. Having subtracted KES 100 (USD 1.00) for transport per each piece I purchase, this gives a profit of KES 847 (USD 8.31). This is nearly a 100% profit and the stock doesn't even last for one week, as every client is rushing to buy before the rain hits the ground. I already have sold the ones I had in stock, so I will add the loan to the cash I've received from what I've already sold so I can order in a larger stock. I would be very grateful to Zidisha lenders for considering my loan application and for helping me to achieve my dream of becoming the leading supplier of motorbike parts in my town. God bless you all.
My Videos
Sep 19, 2021: My drinking water purification project
About Me
Hello lenders,
my names are Daniel Kivango Malului married to Miriam Mumbua and blessed with 4kids two boys and two girls.Our first born Hervey Kimuli Kivango was born in 10/10/2008 and is currently in standard seven while second born Mary Kaveke Kivango was born on 15th/09/2012 and she is in Grade 3. Our third born Abigael Munini Kivango was born on 28th/01/2016 and she is now in PP2,Our last born Jeremy Mulei Kivango was born on 24th/04/2018 and he has not yet joined school.I grew up in Rural area where I attended both my primary and secondary school before joining a college in a city of Mombasa,where I studied shipping but never sat for my final exam due to lack of exam fee . That's when I got an opportunity to train in a 5 star hotel and landed my first job there. I was able to take myself to college and studied travel and tourism until consultant level.
My Business
I started with motorbike spare part business from my salary saving before joining zidisha which gave my business a remarkable boost until I was able to open a new business of water purification which is the newest project I have currently. Thanks to lenders and zidisha at large for this achievement.I have employed 3 workers to start with and sponsoring local rugby club with drinking water every time they have a match.
Loan Proposal
We are approaching rain season here in Kenya and given the nature of my business,on rain season,motor bike Tyres do record the highest sales of the day.for size 2.75/17 i usuall buy it at a price of kes 850(USD 8.34) and sell it at kes 1800 (USD 17.65) per piece.this will give a profit of kes 850 (USD 8.34) Having subtracted kes 100 (USD 1.0) for transport per each piece i purchase.This is a 100% profit and the stock cant last for a week as every client is rushing to buy before the rain hits the ground.I have already sold the ones i had in stock so i will add the loan to the cash i got from the already sold so i can order in a larger stock.I will be very greatfull to all lenders and Zidisha at large to consider my application and help me unveil my dream of being the leading supplier of spares in my town.God bless you all.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Oct 24, 2015
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
Fontvielle, Monaco, Yemen
Netherlands
Hong Kong
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