Permit renewal & inventory of motorcycle spare parts
Daniel
Ngong, Kenya
100% repaid
Entrepreneur
Name
Daniel
Member since
July 2015
On-time repayments
343 installments • 79%
About Me
Hello lenders,
my names are Daniel Kivango Malului married to Miriam Mumbua and blessed with 4kids two boys and two girls.Our first born Hervey Kimuli Kivango was born in 10/10/2008 and is currently in standard seven while second born Mary Kaveke Kivango was born on 15th/09/2012 and she is in Grade 3. Our third born Abigael Munini Kivango was born on 28th/01/2016 and she is now in PP2,Our last born Jeremy Mulei Kivango was born on 24th/04/2018 and he has not yet joined school.I grew up in Rural area where I attended both my primary and secondary school before joining a college in a city of Mombasa,where I studied shipping but never sat for my final exam due to lack of exam fee . That's when I got an opportunity to train in a 5 star hotel and landed my first job there. I was able to take myself to college and studied travel and tourism until consultant level.
My Business
I started with motorbike spare part business from my salary saving before joining zidisha which gave my business a remarkable boost until I was able to open a new business of water purification which is the newest project I have currently. Thanks to lenders and zidisha at large for this achievement.I have employed 3 workers to start with and sponsoring local rugby club with drinking water every time they have a match.
Loan Proposal
First and foremost i want to thank you for this far you have stood with me,Below is the breakdown of how i will be spending kes 55,922(usd 559.22) current exchange rate in Kenya is kes 100
1.Renewal of my business permit which usually last for 1 year @ usd 120
SPARE PART STOCK
ITEM PIECES BUYING PRICE SELLING PRICE PROFIT
1.Sproket chain 10 usd 7x10=70 usd 15x10=150 usd 80
2.Tube size 17 20 usd 1.5x20=30 usd 3x20=60 usd 30
3.Break Shoes 20 usd 1.3x20=26 usd 2.5x20=50 usd 24
4.Speed Clock 10 usd 10x10=100 usd18x10=180 usd 80
5.Mirror holder 30 pair usd 1.2x30=36 usd 3x30=90 usd 54
6.Gel Battery 10 usd 10x10=100 usd 16x10=160 usd 60
7.CDI Unit 20 usd 3x20=60 usd 6x20=120 usd 60
The balance of usd17.22 i will top it up in my mpesa till as working float.The profit i will reinvest into my shop as i still need a lot of spare parts which i dont have,this will grow my business and at the same time creating an employment opportunity for youths out there as i will be needing more assistant personnel to assist me not forgetting uplifting my family standard at large. am looking forward for your support once more as you have always supported me.May God bless you all
My Videos
Sep 19, 2021: My drinking water purification project
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Loan Info
Project Type
Classic Loan
Disbursed amount
$563.00
Date disbursed
Mar 20, 2016
Repayment status
On Time
Projected term
6 months
Other loans
Lenders
Hong Kong
United States
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