Online cars, parts and accessories sales and business
Alpha Kitonga
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Alpha Kitonga
Member since
April 2015
On-time repayments
255 installments • 95%
About Me
My name is Alpha Musyoka Kitonga
I am a freelance writer, researcher (freelancer) for the last 10 years and i own a car spare parts shop I have a keen eye on business opportunities.
But mostly, I 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. Suzuki Maruti Project and Now Working on Getting a Drone pilot training and Licensing project. Thank you to the Lenders who helped me, be blessed.
My Business
Currently I'm working on Four Projects, Freelancing Photography jobs, Operating a Suzuki Maruti transport business ,And an online freelance writing Jobs which are my main source of Income
Currently , am Looking forward to joining a License Drone Pilot training school For RPAS Pilot License (RPL) Training
This training will expand my Freelancing project towards photography as I seek to concentrate more on photography and Drone training and operations .This work is more profitable and gives better returns and has long term benefits to me as an individual .
Therefore am seeking financing to fund my drone training school and purchase of a drone for a cost of KSH240,000
Profits from this project will be used for person financing and take care of my Young family of 2 and school fees.
Loan Proposal
Dear Lenders
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
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$1,039.38
Date disbursed
Aug 14, 2019
Repayment status
On Time
Projected term
8 months
Cost to entrepreneur
Service fee: $41.26
Credit risk payment:
$206.31
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