286 installments • 88%
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.
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$250 per month. From this, I use 15% to pay my tithes and offering in the church where I am a member, 15%to pay my rent, 30% I use for upkeep in the house 20% to pay school fees for my children and the rest 20% I re- invest in my business.
If my loan is fully funded as I have always done , I will increase my stock by more vehicle spare parts for my shop.
This will include nuts, bolts, and other motor vehicle spare parts that are in high demand in my area.
This will enable my customers to get most spare parts from my shop that is enabling them to save on time they could have used while searching for the parts from one shop to another while as an individual, I will increase my net profit and be able to be more confident as I will be stocking the most required parts in the area.
I believe it will increase by about 5000 KS that is about US$ 50.
Thanks in advance for funding my third loan.
Feb 23, 2016
Cost to entrepreneur
Service fee: $21.25