Automobile parts for resale

Collins

Kitale, Kenya

100% repaid

Entrepreneur

Name

Collins

Member since

October 2018

On-time repayments

4 installments  •  50%

About Me

I am a businessman transiting from employment to entrepreneurship.
I source for spare parts and vehicles(Pick ups) from dealers and other entities to sale them to other customers who have a need.
I also acquire the vehicles(pick ups) through contracts (sale on Behalf), repair and make them road worthy then sale them to willing buyers (on on profit).

The vehicles are mostly sold to all levels of businesses (from low income to established businesses). This is because each business has its own unique need and budgets.

I am looking to expand into a full dealership within the next 5 years. Acquire my own vehicles and have a service point to work on purchased units.

My Business

As explained above, my income source will basically come from the difference between purchase of used cars, refurbishment to roadworthy standards and actual sale of the finished product.
Of course there will be an addition of labor cost, parts, warehousing and other expanses to reach the profit threshold.

I intend to grow the business from the profits made after repaying the principal amount of acquisition of the asset.

For now my cost is basically movement (fuel), refurbishment of acquired unit( Repairs and paint jobs), communication (airtime) and meeting venues.
I keep the cost low to get maximum returns on investment.

Loan Proposal

I buy vehicle spares from uganda and resale to customers in kenya at a profit

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$24.00

Date disbursed

Nov 22, 2018

Repayment status

Late

Projected term

1 week

Lenders

BP

Brian Piltz

United States

KO

Kenneth Oram

United Kingdom

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