Entrepreneur
Name
Justus
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 me i will buy the following tyres for my business for adding stock. size (ten rolls)175/70,13 costing $us 56, size (10 rolls)185/70,14 costing $ us dollar 58, etc.
tubes the following sizes (30 rolls)185/70.13 costing 25.
Feedback
Positive
2
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$356.00
Date disbursed
Jul 27, 2015
Repayment status
On Time
Projected term
10 months
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Summary
Amount repaid
$371.99
Amount remaining
$0.00
Date repaid
Jan 29, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Aug 9, 2015 | $8.25 | Aug 10, 2015 | $8.25 |
| Aug 16, 2015 | $8.25 | Aug 16, 2015 | $8.25 |
| Aug 23, 2015 | $8.25 | Aug 23, 2015 | $8.25 |
| Aug 30, 2015 | $8.25 | Sep 1, 2015 | $8.25 |
| Sep 6, 2015 | $8.25 | Sep 5, 2015 | $8.25 |
| Sep 13, 2015 | $8.25 | Sep 5, 2015 | $2.06 |
| Sep 14, 2015 | $6.19 | ||
| Sep 20, 2015 | $8.25 | Sep 14, 2015 | $4.12 |
| Sep 21, 2015 | $4.12 | ||
| Sep 27, 2015 | $8.25 | Sep 21, 2015 | $6.19 |
| Sep 27, 2015 | $2.06 | ||
| Oct 4, 2015 | $8.25 | Sep 27, 2015 | $6.19 |
| Oct 3, 2015 | $2.06 | ||
| Oct 11, 2015 | $8.25 | Oct 3, 2015 | $6.19 |
| Oct 10, 2015 | $2.06 | ||
| Oct 18, 2015 | $8.25 | Oct 18, 2015 | $8.25 |
| Oct 25, 2015 | $8.25 | Oct 25, 2015 | $8.25 |
| Nov 1, 2015 | $8.25 | Oct 31, 2015 | $8.25 |
| Nov 8, 2015 | $8.25 | Nov 7, 2015 | $8.25 |
| Nov 15, 2015 | $8.25 | Nov 15, 2015 | $8.25 |
| Nov 22, 2015 | $8.25 | Nov 22, 2015 | $8.25 |
| Nov 29, 2015 | $8.25 | Nov 29, 2015 | $8.25 |
| Dec 6, 2015 | $8.25 | Dec 4, 2015 | $8.25 |
| Dec 13, 2015 | $8.25 | Dec 12, 2015 | $8.25 |
| Dec 20, 2015 | $8.25 | Dec 20, 2015 | $8.25 |
| Dec 27, 2015 | $8.25 | Dec 26, 2015 | $8.25 |
| Jan 3, 2016 | $8.25 | Jan 2, 2016 | $8.25 |
| Jan 10, 2016 | $8.25 | Jan 10, 2016 | $8.25 |
| Jan 17, 2016 | $8.25 | Jan 16, 2016 | $8.25 |
| Jan 24, 2016 | $8.25 | Jan 24, 2016 | $8.25 |
| Jan 31, 2016 | $8.25 | Jan 27, 2016 | $8.25 |
| Feb 7, 2016 | $8.25 | Jan 27, 2016 | $8.25 |
| Feb 14, 2016 | $8.25 | Jan 27, 2016 | $8.25 |
| Feb 21, 2016 | $8.25 | Jan 27, 2016 | $8.25 |
| Feb 28, 2016 | $8.25 | Jan 27, 2016 | $8.25 |
| Mar 6, 2016 | $8.25 | Jan 29, 2016 | $8.25 |
| Mar 13, 2016 | $8.25 | Jan 29, 2016 | $8.25 |
| Mar 20, 2016 | $8.25 | Jan 29, 2016 | $8.25 |
| Mar 27, 2016 | $8.25 | Jan 29, 2016 | $8.25 |
| Apr 3, 2016 | $8.25 | Jan 29, 2016 | $8.25 |
| Apr 10, 2016 | $8.25 | Jan 29, 2016 | $8.25 |
| Apr 17, 2016 | $8.25 | Jan 29, 2016 | $8.25 |
| Apr 24, 2016 | $8.25 | Jan 29, 2016 | $8.25 |
| May 1, 2016 | $8.25 | Jan 29, 2016 | $8.25 |
| May 8, 2016 | $8.25 | Jan 29, 2016 | $8.25 |
| May 15, 2016 | $8.25 | Jan 29, 2016 | $8.25 |
| May 22, 2016 | $8.25 | Jan 29, 2016 | $8.25 |
| May 29, 2016 | $8.25 | Jan 29, 2016 | $8.25 |
| Jun 5, 2016 | $8.25 | Jan 29, 2016 | $8.25 |
| Jun 12, 2016 | $9.10 | Jan 29, 2016 | $9.10 |
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