Inventory of spare parts to sell to motorbike owners

Entrepreneur

About Me

I am a married man and blessed with three lovely children,two boys and one loving and lovely girl.I completed my Secondary education where i sat my C.P. E and later on joined the business world in order to further my education in future.I pushed on with business for three good years and joined Thika Technical School where i did certificate in mechanics.Afterwards in four years time i completed my course and started my profession.Currently am offering this service alongside business.I realized the need to endulge in business again and this time in another category which i understand more due to my career .Currently i am dealing in secondhand motor vehicle spare parts business.I believe when i manage to get your fund assistance together with more ideas ,my business will be in a position to develop and cater for my daughter's education who will be joining secondary school next year.

My Business

Currently i am dealing with secondhand spare parts of motor vehicle.I decided to specialize in this kind of business because i have atmost knowhow to deal with it as part of my profession.The business faces many challenges such as lack of enough capital to invest in,lack of adequate commodities to cater for my customers,high prices for goods and counterfeit commodities which create fear and confusion in customers and stiff competition from the more developed same category of businesses in the area.I wish to expand my business once i get your funding by increasing stock and also include firsthand spare parts.By this i will be in a position to access more goods at cheaper price hence compete well and earn more.

Loan Proposal

I intend to invest in motorbike spare parts because i initially invested in motor-vehicle spare parts.This came up in my mind after realizing a high demand of these commodities and they also can be put together under one roof.
The planned investment is targeted to take around Ksh30000[$355]in buying the commodities.I also plan to rent another place of doing puncture repair because i have two pressure pump machines which work at the same place and which boosted very much in repaying my previous loan.This will cost the rest amount remaining about Ksh8000 [$95],which will cater one month together with a deposit.
With all these investments,i believe i will be able to pay back your loan and come out more benefited.

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