Inventrory of the tyres

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

when i get this loan i will purchase the inventory of the following tyres on different sizes that is size 165/13, 175/13, 185/13 185/14,175/14,195/65/15, 195/14, 750/16,155/12,900/20, tubes and rims.
one size 165/13 tyres will cost USA dollar 37.7, size 175/13 tyer will cost USA dollar 44.4, size 185/13will cost USA dollar 45, size185/14will cost USA dollar 46.4, size 175/14 will cost USA dollar 47.5, size 195/ 65/15 will cost USA dollar 50.2, size 195/14will cost USA dollar 54
size 750/ 16 will cost USA dollar 45

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$385.00

Date disbursed

Dec 30, 2014

Repayment status

On Time

Projected term

12 months

Lenders

B

Bizu

Berlin, Germany

investor

Candiac, Canada

PaulE

Cockeysville, MD, United States

cyrus0302

San Francisco, United States

J

JBosshardt

Redmond, United States

BoazField

Belleville, United States

J

JakeA

Wellington, New Zealand

S

Snake707

Somewhere, Germany

athomas

Chevy Chase, United States

Cloudways

Malta, Malta

C

cfaul

Seattle, United States

lorello

Vicopisano, Italy

ads68

Melbourne, Australia

M

mkellerman

Shanghai, China

sarna

Toronto, Canada

fairspirit

Utrecht, Netherlands

F

flaguy999

Tampa, United States

Bobrm2k3

Charleston, United States

Cricketca

San Jose, United States

R

Ronnie

STOCKHOLM, Sweden

Nadja

Weissach, Germany

A

Anonymous

United Kingdom

Richard Griebe

La Jolla, United States

markpearson

Portsmouth, United Kingdom

MrMichigander

Marquette, United States

Evan Lamos

Brussels, Belgium

dlpringle

Denver, United States

pvilliger

Zurich, Switzerland

S

science4sail

United States

Paul Buchheit

Mountain View, United States

S

simonista

United States

dpollard

United States

M

M.Umar

Pakistan

DF

Dennis Furr

United Kingdom

KM

Kirsty M

United Kingdom

Dave Bogard

New York, United States

HC

Howard Cheng

New York City, United States

Cathy

Melbourne, Australia

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