John
Malindi, Kenya
100% repaid
Name
John
Member since
April 2015
On-time repayments
69 installments • 65%
My name is John mwangi born and raised in Murang'a county schooled in mountain secondary school, I started as a mechanic and made up to have my own garage created employment for people and myself.
The place where I live is of diverse cultures of most the waswahili's who are Muslims, christains and the tourist who vistit watamu of which is a good place for tourist for it has the best beaches and attractive sceneries like the grade ruins.
In basically watamu I think I have archieved the title of one of the best garages if not am one of them.
The services I provide Is one of the sale are mending of vehicles of which will be satisfactory to both the consumer and my self.
I offer servicing of vehicles which includes (oil change, greasing, gearoik change etc)
, panbeating and also give our customers after sales services which Is car wash after a service
Motor cycle being the most used mode of transport everywhere, I have come up with the idea of investing in motor bike spare in my area .this will gave me a great chance for as I have discovered, every ten minute more than five motor cycle must be on the road felling either a customers or goods to different location.
The loan will stock the following.
Bike tyres @20 dollar 5 tyres will be 100 dollars
Clutch plates @2 dollar 20 clutch Will be 40 dollar
Bike wheel bearings@5 dollars 20 bearings will be 100 dollars
Brake pads and brake cable will cost 50 dollars
Engine blocks@20 dollar's 4 will be 80 dollars.
With this kind of stock I will be able to serve many customers.Not only car,trucks but also motor bikes will buy from me.making my profit grow.
This kind of business will make my profit grow 30% .
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$388.00
Date disbursed
Jul 20, 2016
Repayment status
On Time
Projected term
5 months
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