Inventory of engine oil & lorries fun belt
Timothy
Sotik Town,kenya, Kenya
4% repaid
Entrepreneur
Name
Timothy
Member since
March 2016
On-time repayments
138 installments • 15%
About Me
My name is Timothy Kilusi Kilonzo,being the fourth born in a family of seven siblings.I grew up in Eldoret Town ,i was privileged to attain primary education and later joined Kapkures secondary School upto form two ,when my mother passed away.My father didn't continue to pay for my school fees and which i dropped out of school and started doing casual works,after two years the area Councillor then sponsored about 100 youths to Gilgil polytechnic to various technical skills and i was among them .At Gilgil Polytechnic i learned about Mechanics the job that i loved most and graduated with Grade 1 certificate in mechanics.
I went to Sotik Town where i started doing the mechanics works at various garages and in 2014 i got a small space to open my business of selling spare parts in this garage where i work, Sotik is the key producer of milk. i love traveling and making new friends.
My Business
i started my business by selling 1/2 liter engine oil for small and big vehicles,this products were so high in demand because the vehicles that came for services were using this products in plenty,i moved on like this stocking my business with other products slowly until now that my business has grown to selling almost every products that the mechanics require in their line of repairing and servicing customers vehicles.
I choose this kind of business because in the first place i loved it and i have gone to polytechnic to learn and study about it,through this my client are so confident with me because i do sell to them the genuine spare parts for their vehicles and also i do continue doing the mechanics works to my clients.My stock cost is average at 600 USD,and the profits are good, i use the profits in growing my
business,my upkeep and paying rent for the business premises, i do also
save for my future progress.
Loan Proposal
For this loan that you will advance to my business i will use it to buy more goods to my business ,The products are Engine Oil 5 liters ,10 cans *9USD=90 USD,the lorries fun belts 84 pieces * 2USD =168 USD,this products are fast moving and the sales will boost my business because they are in high demand ,expecting my business to grow to about 17% ,the profits i will use them to buy more stock to my business ,my upkeep ,do some savings and payment of my loan ,Thank you in advance for your kind support.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$245.00
Date disbursed
May 6, 2017
Repayment status
Late
Projected term
19 months
Other loans
Lenders
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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