Motor cycle spare parts

Philemon

Machorwa, Kenya

100% repaid

Entrepreneur

Name

Philemon

Member since

January 2015

On-time repayments

207 installments  •  41%

About Me

I’m a male Kenyan citizen born in the year 1984 in a village called Machorwa that is found in Kericho county Kaptoboiti Sub-Location southern part of Kenya Rift valley, started my early education in the year 1989 and completed my primary education in the year 1998. Joined secondary school education in the year 1999 and completed it in the year 2002. In college at Eldoret polytechnic, I studied Diploma in sales and marketing. I have worked as a banker with Barclay Bank in Bomet county. The kind of worked at Barclays Bank was not that secured in that the goals was to high to meet, so I opted to save a lot of money because the job was not secured. I left the job employment to start my own business of buying and selling the motorcycles (boda boda) parts at Kapsoit centre. I am able to work for a long period, which is, opening my business early enough before others open and closing business at a time when my customers are fully served. In addition to this, I give room for my customers to give feedback on the product I am selling, this helps in improving the quality of products and services given, on the other hand I do advice my customers especially the young people the benefit of saving and many have heeded to my advice making my business unique thus attracting more and more customers.

My Business

My business deals with all the selling of motorcycle spare parts , thus my business idea is to form an entrepreneurship that will identify gaps in my immediate environment and society at large and brings together resources in an innovative way to fill this gap that is: expand the business to cater for the big market available, to extend services related to this, of providing mechanics repair of the motorbikes, this will make me to be independent, self reliant and create job opportunities especially for the youths. My business provides the following products. Tyres, tubes, brake shoes, Brake pedals, lubricants, shock absorbers, cylinder heads, Wheel bearings, Mudguards, Sprocket, Gear selectors, all types bolts and nuts, helmets, Reflectors, Regulators- Ignition and many others. I have rented a house for business worth $100 for rent every month, $15 for electricity, $10 for water and stationery at $50.The security in the area is good as there is no high crime rate and our landlords have hired watchman. The area is near a road which has recently being tarmacked making my business accessible to many. In the near future I would develop good structures of mechanics and open up different branches in the area. Monthly sales is $625, cost of goods sold at $120 and purchases at $200 per month. This can give a gross profit of around $325 per month,I also do small scale horticulture that is spring onions, out door tomatoes and sweet potatoes. Through the profit I get from my business, I buy and keep heifer and bulls, later I sell them and stock my business.

Loan Proposal

If granted the loan, I will use the money to increase the stock due to the trust from the customers and brand loyalty. My customers have been very happy and queing to buy stock. The ,loan will be used to serve them well.
Due to rainy season that has started this week, customers of motorcycle need more tyres as old ones can,t move well in the rainy saeson. The loan will used for the following stock parts
a) Lubricants at $10
b) Bolts at $50
c) Tubes at $50
d) 1 Tyre at $40
e) Side Mirrors at $10

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$180.00

Date disbursed

Sep 23, 2015

Repayment status

On Time

Projected term

43 months

Lenders

W

WilsonLending

Atlanta, United States

mbunifu

San Jose, United States

lorrymac

Killough, United Kingdom

R

Roman

Barcelona, Spain

Zidisha

Sterling, United States

AnnaChristina

Pittsburgh, United States

P

psimeon

Palo Alto, United States

Dan Haynes

Bozeman, United States

J

JandC

Watsonville, United States

A

Aleks

Oslo, Norway

Z

Zippo

Berlin, Germany

A

Aman

Johannesburg, South Africa

D

danderson1953

Plainsboro, United States

AdvancingCompassion

San Diego, United States

N

nanax005

SALEM, United States

Namaste250

Pittsford, United States

R

RealUtopia

San Diego, United States

dhulsterwim

LIER, Belgium

E

eboleaga

Mexico City, Mexico

S

spesalvi

Houston, United States

rfriedenberg

New Jersey, United States

R

Rachel

Vernon, Canada

T

TurgayAlihos

SOUTHBANK, Australia

M

Marod

Edmonton, Canada

E

EnriqueD

Madrid, Spain

Delphis2k

Birmingham, United Kingdom

B

Blazeski786

Shimoni, Kenya

M

magnaculpa

Silver Spring, United States

Jamesaubrey

Norman, United States

M

mark3339

San Diego, United States

C

Clben7

Cincinnati, United States

Déméter&Kotler

Paris, France

SP

Scott Palmer

branford, United States

I

ImSirFing

United States

Shemuel

New Jersey, United States

Paul Buchheit

Mountain View, United States

H

Heroofcanton

United States

R

retzroff

United States

K

Kimbo

Vietnam

larry

Sweden

K

kalalouann

United States

adrianz

United States

L

LondonTown

United Kingdom

H

happyhappy

Switzerland

reluck

Marseille, France, France

JP

James Parker

Sacramento, United States

Lauren

United Kingdom

M

mmartin

United States

AP

Adam Peterson

United States

D

Daman

United States

Zain Haq

Chicago, United States

HW

Hans Weiss

Kiel, in the very north of Germany, Germany

Andrew

Melbourne, Australia

Francoise Kuenzi

Neuchâtel, Switzerland

Mark Thumpston

Solihull, UK, United Kingdom

MA

Mary Art Hunt

United States

YG

Yann Graf

Netherlands

B

Beth

United States

Jack Doolan

Newcastle, United Kingdom

V

Vantine

United States

A

André

Basel, Switzerland

Matthias

Seattle, United States

JB

James Bowen

United States

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  • Philemon    Apr 24, 2019

    Thank you very much for advancing the second loan. It boosted business and I was in a position to increase stock which in the long run, I was in a position to serve my customers well. This also increased my profits that led me to educate my child who is know in class three and also I'm in a position to increase more stock which help to serve more customers efficiently. Nowadays I have increased stock of different varieties including containers and small hardware. The containers are in a position to increase profits. Thank You Zidisha for partnering with me.

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  • Philemon    Apr 8, 2019

    The loan awarded added much value in my business due to the increment in stock that led to also an increase in profits. I'm also in a position to clear school fees for my daughter in time and purchased text books for her. Thanks

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  • Philemon    Nov 15, 2018

    The business has been down lately. But its improving slowly by slowly and I hope to increase the installment amount as soon as the business gets back to its normal activities again. Looking forward to finish the repayment so as the get another loan. Sorry for any inconvenience that I may have cause. Thanks for bearing with me in this hard situations.

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  • Philemon    Oct 12, 2016

    Hi Lenders. Let me apologize for not remitting my loan repayments on time due to unavoidable circumstances. Sorry for any inconvenience that I have caused. Thanks

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  • Philemon    Nov 7, 2015

    Hi, Lenders
    Let me appreciate what you are doing in lending loans to us more so the positive impact on my business. The reason for adjusting my loan repayment amount to KES.100 is that are some slight changes in my current cash flow for which I will continue remitting my loan installment afterwards.

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  • Philemon    Sep 23, 2015

    I agree that 7,000 KES will be deducted from my first loan.

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  • Philemon    Sep 8, 2015

    If granted the loan, I will use the money to increase the stock due to the trust from the customers and brand loyalty. My customers have been very happy and queing to buy stock. The ,loan will be used to serve them well.

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  • Philemon    Aug 19, 2015

    Thanks lenders, the loan help the business very much; sales increased due to your zidisha loan. Look forward to your help in order to serve more customers.

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  • Philemon    Jul 28, 2015

    I would to increase my loan repayment amount to KES 800 so that I can finish repaying the loan as soon as possible to allow me order for new stock. Thanls

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  • Philemon    May 7, 2015

    Due to financial constraint in my business, allow to adjust my installment to KES 300

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  • Philemon    Apr 15, 2015

    This uploaded shows me in my business enterprise and the stock increment thanks to zidisha loans. Many Thanks

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  • Philemon    Apr 15, 2015

    I received KES 9,130 via MPESA and this enabled me to increase my stock to My Motor Cycle Business. I'm very grateful to all the zidisha lenders who contributed to the funding of my second loan and I was in a position to purchase new tyres for my customers due to rainy season which is very high and this usually make the tyres to get worn out very easily. Thanks a lot

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  • Philemon    Apr 2, 2015

    Hi zidisha lenders,
    Hope everything is good, considering the fact that the stock are almost getting depleted day and day and I have hope that You will Fund my second loan again so as to enable me acquire more motorcycle spare parts. Best Regards and wish everyone a happy Easter holiday.

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  • Philemon    Mar 24, 2015

    The first zidisha loan greatly improved the stock status my business. Many thanks to zidisha lenders

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  • Philemon    Mar 21, 2015

    Hi
    Thanks very much for lenders for giving the loan which has assisted me very much in the business. My clients are very happy with the service and they are looking forward in doing business with me in future, therefore I have finished repaying the first loan and I will do so given a chance in future even with a more loan limit than the previous. Thanks

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  • Philemon    Mar 12, 2015

    I am grateful to Zidisha lenders for advancing me the first loan. It has given an opportunity to handle business in my spares well. Zidisha gave me a loan and immediately I went to increase stock. I bought new tyres for motor cycle, increased tubes, lubricants and other accessories. The customers were amazed as some stock had taken time before I bought them. With the increase of stock customers have trusted me and placing new orders. Thanks to zidisha and now the rainy season is coming customer’s want new tyres to assist in the terrain. I have been given the hope that new stock is coming because I’m running short of the same every now and then

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  • Philemon    Mar 11, 2015

    To increase stock so as to serve more customers effectively..

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  • Kenneth    Feb 17, 2015

    Congratulations on your very first loan Philemon.
    Thank you lenders for funding him.

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