Purchase Motorbike Spare Parts For Business
John
Pipeline, Mazeras, Kenya
100% repaid
Entrepreneur
Name
John
Member since
October 2013
On-time repayments
170 installments • 99%
About Me
I am a very jovial person with many friends. I come from a very small family of four. My mum has just me and my big brother, Samuel Shehi as children. I love watching Indian movies on my leisure time.I also have many friends who keep me company in business daily. I am the lastborn to my mother so I have to see her daily either by sharing lunch or breakfast together. I live very close to my mother unlike my brother Shehi who I only meet when at Mazeras shopping centre. He is very supportive of me.
My Business
I had always have this great passion for a driver's job. I placed all my success in life on getting a driver's position in a transport company. Despite not getting a driver's job, I have not let that drag me down. I did many unskilled jobs for a long time. To my disadvantage, these jobs do not pay well enough so I had to live with low standards of living and lack of work for long periods. As a result, I tried my hand in business. I have been in several small businesses: Charcoal selling, Cassava frying & Potato frying. Of all, I have had much success in charcoal selling due to high demand of the commodity in my area.
Loan Proposal
My charcoal business is doing well thanks to my earlier loan. I have had so much success. I improved my life much.
Now I want to take my gained business skills to another profitable business. Here 'bodaboda' (motorbikes) are very many. They are used in transporting both people and goods from shopping centres to homes & back. These motorbikes are heavily used on a daily basis & they require maintenance if they are to last long enough to make a return to their owners.
Therefore, most motorbike business is in the sale of spares. I want to gain a share in the business. I will travel to the capital with a motorbike mechanic to purchase the initial stock of spares for sale. I am going to depend on the mechanic for picking the quality spares & eventual fixing of some of the spares on motorbikes of customers.
I will not rent another shop space for the spares business but simply add it to my current charcoal business. I will spend the whole loan on spares purchases. Any additional expense I will cover with my savings from my charcoal business. Your support will go a long way in continuing my success in business & life.
I am confident in a new type business because my current business can repay the loan for the first 2 months before spares' business grows to making good profit by new customers.
Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$370.00
Date disbursed
Jun 24, 2014
Repayment status
On Time
Projected term
8 months
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