Inventory of the tyre/rim/tube

Justus Ngemu

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Justus Ngemu

Member since

November 2012

On-time repayments

226 installments  •  68%

About Me

I am Justus Kyalo Ngemu,I am married with Five children,I am a form four Graduate,I am a businessman,I live with my family at Mwariki Estate in Nakuru county where my wife she is a house wife. I live in a rental place a two bedroom house where I pay $ 48 us dollas. I am the bread winner of my family though I am planning to start a small grocery shop for my wife as I do my tyres business.

I started business in 1998 since my parents were poor there wasn't enough money to continue with my Education but I hard a passion of selling tyres where I was given a soft loan by my uncle where I get a capital that enabled me to start the business. I started doing this business to sustain me and make an extra coin for a living,By this time there was no competition in tyres industry.

Recently I have come out with an Idea of recycling used tyres manualy and replanding them though serves my clients for a short time.hence I sale to my clients at a very low cost,where I have found many clients like them so much.

By doing this business has enabled me to bring up my family as well educate my younger brothers and sisters from my earning as well it has greatly helped me and my family at large.
By doing this business seems to be a unique business before being done by many people made to grow slitely in that particular industry.

My Business

My business name is YATTA TYRES is Located at lower Bedi road opposite Bedi Fibrication Factory in Nakuru box number 14679-20100 Nakuru.It is sole proprietership,It was established May 1998.
It is licenced under single business permit under the municipal council of Nakuru.

My business deals with selling and repair of tyres I sale tyres of deferent types like:- Firestone which is now yana,Gt tyres,Goodyear tyres, Michellin tyres,pirrell tyres ,Ling long,Mashal and Chingshang.

Most of my customers prefer my business because of the services they are offered and as well the my costs are standard.depending on type of tyres they need from lower class to higher class.My business is like a food selling business since people has to go to work and back tother homes they have to use vehicles as well as carts in the farm daily ,though there is more competitors they depends how first I can deliver the services to them.The site where I am located there is no more competitors hence my services to my clients are good,first and reliable all the time,though you can here some complains but not more since there is no perfect person.
My business is prifitable for one I do understand very well the business since is the only business I have been doing since 1998,so have old clients from major firms,industry and some ministries who orders tyres and other services at a larger quantities hence making more profit though some times I don´t meet their needs.

I have a financial risk I started my business with small capital which make me to grow very slow and loose some clients by not meeting all their needs,Technology New technologies, especially those characterized as “paradigm shifts” or “disruptive” have long and costly acceptance cycles, they have run into unpredictable performance or manufacturing problems. Some of tyres are fake hence ends up me going for a loss,also operation risk,Since some of my clients call for door delivery which comes very difficult for me to deliver my services to them in time.

I do meet my smoothly needs in terms of paying house rent,labour and other small work expenses,If I get $2353 Us dollars I will add rims and tubes hence meeting my clients needs as well adding value to my work.My business will grow first to a different level.

Loan Proposal

the loan you are about to give i will add stock to my business that Tyre size
185/70/14 costing $ 40 , size 195/65/15 costing $ 50,
185/70/13 cost $ 35, 750/16 cost $ 160 , tubes 20 bile cost $ 240, Rims 50 pieces cost $ 300 and etc

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$535.36

Date disbursed

Feb 9, 2016

Repayment status

On Time

Projected term

13 months

Cost to entrepreneur

Service fee: $26.77

Justus opted to pay $113.49 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

investor

Candiac, Canada

cyrus0302

San Francisco, United States

DeanDropshot

Oslo, Norway

ErikN

Stockholm, Sweden

Scott

Oregon, United States

T

ToddK

Indianapolis, IN, USA, United States

BJ

Brandon Joz

North Carolina, United States

B

blahblah

Nuernberg, Germany

D

Divergent

Bethesda, United States

ads68

Melbourne, Australia

Eduard

Dnepr, Ukraine

fairspirit

Utrecht, Netherlands

F

flaguy999

Tampa, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

JonB

London, United Kingdom

xtrahardware

Cazenovia, United States

B

BMcDermott

Washington, DC, United States

K

khassi

AinEbel, Lebanon

E

E

Marin county, United States

MrMichigander

Marquette, United States

K

kristina19

United States

pvilliger

Zurich, Switzerland

Matching Fund

Sterling, United States

Bivouac

Hillsboro, United States

DavidHS

United Kingdom

Paul Buchheit

Mountain View, United States

B

bugdaniel

Switzerland

mepster

San Francisco, Ca, United States

TyWee

Manila, Philippines

T

tmarkus

Netherlands

B

bscent

Hong Kong

D

ddm08

United States

M

M.Umar

Pakistan

C

Crainster

Chapel Hill, United States

S

Stephan

Netherlands

KM

Kirsty M

United Kingdom

Haim Si

Mexico, Mexico

Gab

Singapore

Dave Bogard

New York, United States

C

camo1243

United States

MW

Matt Willis

United States

W

Wade

United States

jtreyes

United States

Yustian Hartono

Singapore, Singapore

Kevin

San Francisco, United States

KD

Kent Don

United States

BB

Ben Bellows

United States

Rosario von Li

San Jose, Ca, United States

EB

Ellen Batten

Kalamazoo, Michigan, United States

R

Roanna

Alberta, Canada, Canada

EB

Emily Brown

United States

MT

Marco Tietz

United States

WS

william smith

United States

Carlo Cruz

Cincinnati, OH, United States

M

michelle

United States

Tam Thao Nathan

United States

TW

Tyler Wood

United States

JC

Justin cohan

United States

S

stevensau

United States

Mojoe

Atlanta, United States

K

Kristin

Washington, DC, United States

philippelazaro

Eugene, Oregon, United States

M

Marianne

Netherlands

FJ

Flo Jo

United States

T

tonym

Australia

YV

Yuri Vanin

United States

J

Jon

United States

MF

Marissa Fiore

United States

V

Vidar

Oslo, Norway

JG

James Greer

United States

LT

Leslie Tymko

United Kingdom

S

Stephanie

Zurich, Switzerland

MA

Michael Allen

Memphis Tennessee USA, United States

H

Huub

Switzerland

Iris

Ireland

GS

G S

Switzerland

JC

juli camrud

United States

RC

Rudi Chen

United States

SR

Sharyn Ribich

United States

A

anniewynkoop

United States

Carla

United States

SB

Sue Bucholz

Sacramento, United States

MS

Marcus Siegel

San Francisco, United States

WG

Waqar Ghani

United States

E

Erika

Ontario Canada, Canada

RK

Robin Kinman

United States

C

Cora

Switzerland

A

Amy

United States

Julia Trigg

United Kingdom

SA

Steve A

Newbury, United Kingdom

HPK

Switzerland, Switzerland

SS

Sofia Shields

United States

SS

Steve Smith

Winchester, Ma, United States

KirstenAlana

Los Angeles, United States

L

Lauren

Dallas, TX, United States

C

Carlene

United States

Jes-c

United States

B

Brett

Australia

Bill Ballew

Kansas City, Missouri, United States

Majella

Dublin, Ireland, Canada

RC

Richard Cosh

Czech Republic

ED

em degu

United States

Larissa

Germany

Sinan Taifour

Munich, Germany, Germany

Rick

United States

Guatemala

DF

D F

United States

AJ

Abby jones

United States

DP

Doug Pennock

United States

JM

Jane Mattoon

United States

AH

Amy Hammond

United States

RK

Robin Kline

United States

E

El

United States

L

lanham

United States

L

Lucy

Australia

Wyatt Vascoe

Houston, TX, United States

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