Money to stock my shop

Ibrahim

Ruaraka, Kenya

100% repaid

Entrepreneur

Name

Ibrahim

Member since

May 2016

On-time repayments

174 installments  •  50%

About Me

I grew up in nyamira district in a small town known as Nyamataro within kerema district found in the current Nyamira county. This is where i did all my schooling both primary and secondary education. my father is a tea farmer, and i come from a family of 7 , three brothers and four sisters, so i struggled to gain my education. i managed to complete my secondary education. i later joined a local polytechnic where i did some mechanics. By doing this i was able to raise some monies with which i bought the daily needs of my family such as food clothing and money to educate my daughters

My Business

I run a small shop where i sell spare parts . i specialize in selling motorcycle spare parts. i started by reparing motocycles ,but i later opened a shop for spare parts, since i realized that this was easy and its income was a bit stable and i could be more indipendent.
i decided to do this business because, most people use moto cycles where i live, and most times they needed spare-parts and repairs to be done for them.
typical cost for my business is paying rent for the small house that houses my business. i pay for electricity and city council revenues.
the small i get from my business, i save and pay fees for my children, because i want them top have a good future

Loan Proposal

I need to stock the fast moving parts as well start selling spare-parts which i have never sold before . i equally need to employ someone to be doing the repairs for the customers that need repairservices , so i need to be paying thhe person am going to employ some salary

Spare parts- 150 dollars
nsalries-50 dollars

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$200.00

Date disbursed

May 28, 2016

Repayment status

On Time

Projected term

6 months

Lenders

A

Anonymous

United States

Ask Ibrahim a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...