238 weekly installments • 96%
My name is Alpha Musyoka Kitonga
I am a freelance writer, researcher (freelancer) for the last 8 years and a photographer. I have a keen eye on business opportunities.
Well just love freelancing and online opportunities.
I have been able to finance my laptop project here and first digital camera , a fast food cafe,an online store where i sell mobile and smart phones and lastly an online spare-parts business. Thank you to the Lenders who helped me, be blessed.
For the last 4 months with the help of funding from Zidisha.org i have been running my online spareparts business , and a small store for sales support and an online shop on Jumia Kenya and facebook .We are glad that i was able to find a location on Mombasa road, Maasai road, where offline sales take place.Currently , everything has been set up including a sales support shop and the business is a making sales and business is good.
I have registered a business name, a bank account and my business is legal and trustworthy.
The business deals with sales of fast moving car parts such as car service parts ( spark-plugs, motor oil air and oil filter , tyres , car safety accessories such as reflectors, first aid kits. Car windows tints, headlamp tail lamps and bulbs etc.
This loan will help fund the business and help the business have running capital.
I have been selling simple spare and car parts accessories to friends and family and online and i would like to expand my business more.
Currently my capital is tied up in the previous business lenders funded that is Online Phones and smartphones parts.
The capital gathered here will go towards funding sales for spare-parts,establishing a good website, advertising my goods online which is my main market, and Purchasing inventories since my business is mainly drop-shipping business.
The business according to my experience business currently makes a profit of 25-35% on the investment i make and with the business
How funds will be used.
Registering domain name and a professional car parts sales Website --- 25,000
Advertising and getting Facebook and twitter page likes--- 20,000
Capital for purchasing parts once orders are made--- 60,000
Miscellaneous use ---10,000
Aug 14, 2019
Cost to entrepreneur
Service fee: 5% of $1,039.38 = $46.72
Credit risk payment: $233.62