More stock for my auto spare shop

Gedion Muriithi

Karatina, Kenya

100% repaid

Entrepreneur

Name

Gedion Muriithi

Member since

June 2015

On-time repayments

229 installments  •  72%

About Me

I was born in a village called ciiru in ngandu sub location. Went to rititi primary later joined queen of peace academy.i went to high school at nyeri high later joined chuka university .due to the high level of unemployment in kenya i could not secure a job. I had to work in a neighbors coffee farm and saved to start a small shop at home where i sold commodities like unga. I did not have much capital and my competitor shops started price wars and lowered their commodity price and i lost all my customers since i would not sell at a loss.. I borrowed some cash from friends and i decided to go back to chuka university where i started my current business of fast food .. Their was a market gap due to chuka university students who were lazy or too busy to cook. The student culture is that they like fast foods like frys And chicken.my unique hobby is that i play rugby and it really helps me because i interact wit student at the pitch and it have helped me boost my relationship with my customers.through the savings i made from the fast food store i was able to open another business .i named it double 'G' autos i deal with motorcycle spare parts.

My Business

in my motorcycle spare part shop. i deal with motor bike spare parts which include tires, bearings,mud guards.tubes,mirror holders,piston kits,gaskets,brake shoe,motorcycle shock absorber among others.
The middle class and lower class citizens is kenya prefer commuting by motorcycle since its a cheap means of transportation compared to other means like cars..its also very flexible,it can get to places cars can go. young men are taking this as a business opportunity and a source of income therefor the numbers of motor bike is increasing day by day making the demand of motor bike spare parts high.
my weekly income range from 400$ -700$ .my expenses include rent of 100$ per month, food and other expenses amount to 50 $. On a good month i can make a profit of around 100$-300$.
All the profit i get i reinvest back into the business by buying for stocks and implementing effective management systems.

Loan Proposal

i will use the money to buy 5 crank shafts,the price of one is $20 .two air cylinders each coasting $25. five blocks each at $10, twenty inner tube each at $2,five piston kits @ $3,five sprockets kit each at $7,five clutch housing each at $5 and 20 brake cables each at $10.
this will increase my earning and a positive growth to my business.my customers will also be satisfied since the stock will help me give a better customer satisfaction.
i expect my profit to increase by 20%- 30%.

Feedback

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  • Will    Oct 12, 2017

    Gedion made the majority of his payments on schedule and completed his loan several days early. When he was unable to pay or had to change his loan frequency, he kept lenders updated. I would lend to him again.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$326.56

Date disbursed

Jul 25, 2017

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Service fee: $14.43

Lenders

C

Christian

Saarbruecken, Germany

J

johan

Oslo, Norway

BelleStarr

Albuquerque, United States

jesuisneil

MATTESON, United States

COOPITALIST

Toronto, Canada

D

Debock

Dresden, Germany

AndreaBravi

London, UK, Canada

W

Withnail

Reading, United Kingdom

korben

VILLENAVE D'ORNON, France

T

traderjohn

Baltimore, United States

quozl

Dublin, Ireland

P

PeaceandLove

Morro Bay, United States

C

cjmenchaca

Austin, United States

BJ

Brandon Joz

North Carolina, United States

Y

Yasha

Beer Sheva, Israel

Jeff and Marcie

Portland, OR, United States

A

AlexCheng

Seattle, United States

J

Jennifer

Minneapolis, United States

TK

Tim Koppel

WOLLONGONG, Australia

Krtecek

Balzers, Liechtenstein

Tavin

Ottawa, Canada

indeh

London, United Kingdom

J

JoycaLeplae

Gent, Belgium

J

JandC

Watsonville, United States

A

Aman

Johannesburg, South Africa

C

CarrotTop

Bangor, United States

A

aiban

Austin, United States

J

jzidi

Los Angeles, United States

AdvancingCompassion

San Diego, United States

G

Goodwill

Oakland, United States

P

Prysdahl

Marshall, United States

P

pignolet

zurich, Switzerland

rfriedenberg

New Jersey, United States

P

Peksa

Espoo, Finland

A

Andy

Berlin, United States

nakamura

United States

Bobrm2k3

Charleston, United States

I

ianb723

ROCHESTER, United States

M

mrsfit

Surrey. BC, Canada

K

kjustad

Asker, Norway

M

Moonknight

Østre Gausdal, Norway

Zal0m0n

Atlantis!!!! x), Mauritania

Rena121

Sydney, Australia

U

urtica

Moscow, United States

R

run426

DeBary, United States

JonB

London, United Kingdom

D

Darckdog

Lisboa, Portugal

Z

zangalan

Maryland, United States

B

BMcDermott

Washington, DC, United States

M

MarianneM

Munich, Germany

NedRyerson

Munroe Falls, United States

D

dj9812

United States

sderickson

Berkeley, CA, United States

E

elhh82

Petaling Jaya, Malaysia

M

Malibu

Westwood, United States

S

sparty0410

Chicago, United States

C

chrishol

United States

D

Donh419

United States

Paul Buchheit

Mountain View, United States

H

Heroofcanton

United States

M

merk85

United States

mepster

San Francisco, Ca, United States

GMc50

Australia

Loungin

United States

M

Medagan

San Franciso, United States

C

cocolo

United States

PolarBearCapital

United States

SuperMario28

Cudahy, United States

O

ORBP1

Germany

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

K

Kristiina

All Countries

KM

Kirsty M

United Kingdom

E

Erich

Zurich, Switzerland

Dave Bogard

New York, United States

Ben Triola

St. Louis, United States

Family Mueller

Petershagen, Germany

MZ

Matt Zirwas

United States

MD

Miles Dodge

CORVALLIS, United States

JD

Jo Dane

Melbourne, Australia

Dean Cress

United States

F

Flower

Netherlands

E

erica

antwerpen, Belgium

T

thedan33

Czech Republic

Kevin

San Francisco, United States

TT

Ted Tomlinson

United States

AF

Alysn Ford

United States

YM

Yelka Mikolji

United States

CNV

United States

Carla

Amsterdam, Netherlands

Martin Nielsen

Aarhus, Denmark

AW

Adam Wright

United States

R

Rembrandt

United Kingdom

PG

Paul Graham

United States

Robin Padberg

Pétion-Ville, Haiti

N

Nick

Greater London, United Kingdom

LD

Laura Dobroth

United States

N

Nick

United States

YK

Yonghwan Kim

Republic of Korea

Aran Dunlop

United States

R

rzb

Germany

AK

Achim Königs

Bonn, Germany

SH

Steven Huntington

London, United Kingdom

Dan Michael

Oslo, Norway

Y

YTSJ

London, United Kingdom

T

Tom

United States

RB

Rohit Bhatia

United States

DJ

David Jones

United Kingdom

Claire

San Fransico, United States

P

patrick

United States

B

Boris

Bern, Switzerland

SB

Sue Bucholz

Sacramento, United States

W

Wim

Netherlands

K

Kenny

United States

Angela Linwood

Minneapolis, Minnesota, United States

I

ixeldog

atlanta, United States

SM

Sachet Marion

United States

johannes

Taipei, Taiwan

K

KH

United Kingdom

SA

Shar Alamdari

Los Angeles, United States

J

Jon

United States

K

Katharina

Germany, Germany

Martin Kraus

Traiskirchen, Austria

Craig Newmark

United States

K

kamvien9

Australia

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

chessplayer

Berlin, Germany

JS

Jason Strauss

United States

Curious Customs

Austin, Texas, United States

NM

Nitya Marepally

San Ramon, CA, United States

VC

Victor Chong

United States

HD

Hardik Desai

United Kingdom

BE

Bob Ewing

United States

Mary Norton

Byron Bay, Australia

D

Dalton

San Francisco, United States

C

Campbell

New Zealand

hervey liu

United States

The Weltys

Averill Park, NY, United States

E

ericb321

Republic of Korea

GS

Gary Sinard

Franklin, TN, United States

SM

Sanjana M

United States

Menno

Adelaide, Australia

TB

Tim Barrett

United States

M

Mack

Harbor, Oregon, United States

U

ugalk

United States

Mike

Indianapolis, United States

W

Wicki

Germany

WC

Walter Clarke

Phoenix, United States

P

Patrick

Shoreline, Washington, United States

Paul Buchheit

Mountain View, United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

JM

Josh Menke

United States

PL

Philbert Lin

United States

H

Haley

United States

LM

Lee Montecucco

Washington State, United States

sbdoc

Reno, United States

CP

Carina Paton

United States

WM

Will Martin

United States

B

bea

Australia

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