More autospares

Paul

Juja, Kenya

100% repaid

Entrepreneur

Name

Paul

Member since

February 2014

On-time repayments

6 installments  •  100%

About Me

I am a family man with two children who are currently schooling at a local primary school near my place of residence. I have had a passion for business for a long time and have a small auto spares shop running at Thika town. However, i have faced some challenges mainly due to lack of adequate capital yet the local banks who are the main lenders charge so high interest rates and other hidden charges that discourages borrowing. The demand is quite high in the region since it has become a center for building materials like machine cut stones and sand, hence there are so many transport activities taking place translating to vehicle maintenance demand.

My Business

My business is fully focused on vehicle spare parts where i stock and sell both new and second hand spares. I purchase my products from Nairobi direct from those who import at a considerable price hence making my selling price a bit more favourable to that of my competitors. I have as well established a good customer link especially through the mechanics personnel around the area who brings targeted clients closer. I have also employed a mechanic trained person who makes sure that the stock bought is of good quality and also offers a good after sales services to clients. Having my capital base harnessed will enable me import some of the stock direct from places like Dubai thereby greatly improving on my returns.

Loan Proposal

I greatly appreciate the whole zidisha team for offering me an opportunity to boost up my business. I intend to use the funds in purchasing of some more items especially the fast moving spare parts such as reflectors,spotlight bulbs,grease,bolts and nuts,seals,lubricants,bushes,bearings,fuel filters, cables,switches,screws among others. However, this being the first loan,I will form the basis upon which I shall manage to get subsequent loans which can positively change my business in terms of output. I will also utilize around 3000 from the amount to print an advertising banner which i will hang at a strategic place near the entrance of the business premises to attract more customers.
I therefore welcome lenders for your kind support.
Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Mar 13, 2014

Repayment status

On Time

Projected term

6 weeks

Lenders

S

slevon

Hemsbach, Germany

Feldborg

Stuttgart, Germany

Kitty

Hailsham, United Kingdom

EmilAsker

Lomma, Sweden

kickerofelves

Sao Paulo, Brazil

ads68

Melbourne, Australia

Y

Yevrahs

Dallas, Texas, United States

calvero

Bergen, Norway

Sarasota

Sarasota, Fl, United States

Matching Fund

Sterling, United States

ColinHicks

Chichester, United Kingdom

Paul Buchheit

Mountain View, United States

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  • Paul    May 2, 2014

    Wow! Am done. ..I have even exceeded the repayment but I hope the same shall be loaded in the nxt loan. Or can it be refunded?
    Otherwise the money helped me a lot and I am sure that with subsequent disbursements the results will be more profound.
    Thanks Zidisha team!

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  • Joseph    Apr 28, 2014

    Congrats for your repayment.
    Wish you all the best!!

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  • Paul    Mar 27, 2014

    The disbursement is quite prompt and it came at a time when i really needed some cash to offset some basic business bills...it really boosted me a great deal. I really feel that this is the place to be for potential business people. Thank you so much ZIDISHA!!

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