Motorcycle spare parts

Nelson Kerandi

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Nelson Kerandi

Location

Nairobi, Kenya

On-time repayments

5 weekly installments  •  60%

About Me

1 Am Nelson okerio kerandi from Nyamira county currently am working in Kiambu county.
2 I have been a motorcycle rider for six years and above
3 I worked a employee for one year
4 After one year I get a little loan which I tried to use for getting my own motorcycle
5 I started driving my own motorcycle since 2014
6 I payed my first loan very well and I get that I have qualified for higher limit which I started with for the business of a motorcycle garage.
7 I opened my garage in the year twenty sixteen where by I started with few spares
8 Sometimes I go to the road for transportation.
9 in the year twenty seventeen I get another loan which I used to had more stock of spare parts
10 by the end of twenty seventeen I get more customers and decided to look for a mechanical who can assist .
when I started the year twenty eighteen I get I have enough stock an my business is improving.

My Business

1 my business of motorcycle spares sometimes my source of income it comes up or depending to that day how customers came
2 my garage it has three mechanics who I work with
3 every Friday is the day I go for more stock of spare parts that we can use for the Holly week.
4 during weekdays their is a lot of work than weekends.
5 my garage it works from Monday to Saturday.
6 per day I get a profit of 23500 and above.
7 Each mechanics gets her salary depending to the work.
8 when I deduct payments for the mechanics I remain with Eleven thousand.
9 for the whole week when I have deducted everything I get a profit of 30000 above.
10 my business it has more customers due to good service to the customers.

Loan Proposal

1 Mantain my business of motorcycle
2 keeping my motorcycles strong enough to work
3 taking my motorcycles for insurance inspection
4 to buy gum boots and heavy clothes to use during rain season
5 to service my motorcycles to last for long time
6 mantain my business and expand my garage
7 I want to increase my business and start a big garage and have more mechanism
8 to buy reflectors and helimets for my drivers to use when they ride
9 to buy spanners
10 to pay for a tax.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$27.47

Date disbursed

Jul 10, 2019

Repayment status

On Time

Projected term

2 weeks

Cost to entrepreneur

Service fee: $1.23

Credit risk payment: $4.93

Lenders

LA

United States

johnandmoliehi

Canton, New York, United States

C

chrisherron

Chicago, United States

G

graememoss

Amsterdam, Netherlands

DennyC

Rostock, Germany

lorello

Vicopisano, Italy

SmeeAgain

Dublin, Ireland

G

glh25

Winooski, United States

mikeice

Kohler, United States

J

jmwinga

Denver, United States

P

prince85

United States

S

Stephan

Netherlands

Dave Bogard

New York, United States

Jean Boulware

Chicago, United States

wissam

Jeddah, Saudi Arabia

Karin

Germany

R

Robert

Netherlands

A

Anonymous

United States

RS

Ralph Smyth

United Kingdom

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