Inventory of service oils, tires and tubes for motorbike repair services

Erick Makori Nyarongi

Tombe Villge, Kenya

10% repaid

Entrepreneur

Name

Erick Makori Nyarongi

Member since

March 2014

On-time repayments

105 installments  •  6%

About Me

I am a 21 year graduate with a pass in Mechanical Engineering (diploma level). My sister,brother and I live with my mother in our home situated at Tombe where we have managed to buy some land and build our home.
My sister and brother are students, one doing micro-biology at Chuka University and the other doing nursing KMTC in Kenya.
I am unemployed but I have my own boss. I am loving it because I am an entrepreneur.
I started this business so that I can give a hand in raising my siblings schooling fees and also do something for myself since everyone craves to be rich and so do I. I have to be of use and service to the society.
I strongly believe i can be that person I am desiring to be if only i have the courage to try and be self driven.
My mother is a strong business woman since she has been in it for 15 years now. She is my role model and my mentor. Nothing much about my father since he passed while we were little kids.
Currently I am not doing much with the money I get from this business because I am helping raise fees for my siblings and struggling to expand my business.
I will truly appreciated it if you will consider my request.

My Business

I am a garage boy as they call me. I started a small garage here at Tombe where i usually repair punctured tires of motor vehicles. I also sell spare parts of motor cycles.
In the business I do sell the inner tubes of tires thus this results in an increase of income. I also sell spare parts like bike accelerators, headlights ,indicators and speedometers. I also sell service oils such as rubia total, brake fluids, air cleaners etc.
I make up to $82 profit a month. I do all these because the competition is low and there are only two competitors in this field offering these sort of services. Customers prefer me because they say I am the real deal in this field and not some skunk you know and so they trust me.
I have planted some tea trees which I collect leaves from and sell the to the factory every two weeks.
I would really be grateful to get financial support so that it will help me expand my small garage. At the moment I am facing a few financial constraints and I really hope you will help me get through this.
I promise to devote myself to paying my loan as soon as possible/according to the terms of agreement.
I solemnly promise not to let you down. Thanks in advance.

Loan Proposal

I will use the loan to purchase service oils such as rubia,total and brake fluids in the ratios I know best they required and requested by my customers. I will also use it to purchase new motorbike tires and tubes. With these it will benefit me with credit from my customers that i am selling goods at a fair price because I purchase them in bulk so I get some discount. It will also help me raise profits which will enable me to support my siblings education. I will make up to $155 profit a month.
I humbly request lenders to please help me run and grow in my business and i promise i will return the favour by
refunding back the loan therefore making it business all around. Thank you for your support and I promise to not let you down. God bless you.

Show original English  

About Me

I am a 21 years graduate with a pass in mechanical engineering diploma level.My sister,brother and i live with my mother in our home situated at tombe where we have managed to buy some land and build our home
my sister and brother are students doing micro-biology at chuka university and the other doing nursing at kmtc in kenya respectively.
Am not employed but am my own boss.I am loving it because am an entrepreneur
I started this business so that i can give a hand in raising my siblings fees and also do something for myself since everyone craves to be rich and so do i.I have to be of use and service to the society.
i strongly believe i can be that person am desiring to be if only i have the courage to try and be self driven.
My mother is a strong business woman since she has been in it for 15 years now.she is my role model and my mentor.Nothing much about my father since he passed while we were little kids
currently am not doing much with the money i get from this business because am helping raise fees for my siblings and struggling to expand my business.i will appreciated if you will consider my request

My Business

i am garage boy as they call me.i started a small garage here at tombe where i usually repair punctured tires of motor vehicles.I also sell spare parts of motor cycles.
in the business i do sell the inner tubes of tires thus increase of income.I do sell spare parts like bike accelerator ,headlights,indicators and speedometers .i also sell service oils such as rubia total and brake fluids.air cleaners etc
i make up to 82$ profit a month.i do all these because the competition is low and we are only two competitors in this field offering this services.customers prefer to me because they say am the real deal in this field and not some skunk you know and so they trust me.
i have planted some tea trees which i collect leaves and sell the to the factory every two weeks.
I would really be grateful to get financial support so that it will help me expand my small garage.At the moment am having financial constraints and i really hope you will help me get through this.i promise to devote myself to paying my loan as soon as possible or according to the terms of agreement.I solemnly promise not to let you down.thanks in advance.

Loan Proposal

I will use the loan to purchase service oils such as rubia,total and brake fluids in the ratios i know best they required and requested by my customers. I will also use it to purchase new motorbike tires and tubes. With these it will benefit me with credit from my customers that i am selling goods at a fair price because i purchase them in bulk so i get some discount.Also will help me raise profits which will enable me support my siblings education. I will make up to $155 profit a month. I humbly request our lenders to please help me run and grow in my bussiness and i promise i will return the favour by
refunding back the loan therefore making it business all around. Thank you for your support and i promise never to let you down. God bless you

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Loan Info

Project Type

Classic Loan

Disbursed amount

$443.97

Date disbursed

Jul 3, 2014

Repayment status

Late

Projected term

22 months

Cost to entrepreneur

Lender interest: $443.97 at 4.19% annual rate over 22 months = $34.34

Service fee: $29.27

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