Stocking motorcycle spare-parts shop

Charles Thuku

Kakamega, Kenya

100% repaid

Entrepreneur

Name

Charles Thuku

Location

Kakamega, Kenya

On-time repayments

278 weekly installments  •  74%

About Me

My names are charles Nderitu Thuku last born in a family of six. I was born in the year 1987 august 14 in central part of Kenya. I went to lemok primary and then moved to kakamega primary that is in western were my elder brother was employed as a driver. I moved to kakamega because my mother was not in a position to pay for my school fees and at that time my parents had separated. My mother later on passed. After primary I joined Ingotse high school were I completed my O'level. I later joined Nibs college which I dint complete for lack of fees. I started working as a turn boy loading building materials on the lories. In 2009 I decided to go back to western n start a small business. I bought compact disks(movies) at a wholesale price of sh 20/= each which I sold at a retail of sh 50/= each. I did that for almost one year but due to the county council demanding for permits I had to drop the business. A friend of mine offered me a job to be his conductor . I would look for clients to board taxi and at the end of the day earn something for my stomach and some small savings. After two years I was able to get my first loan from one financial institutions and was able to partner with one of my friends to buy one second hand car which we used as a taxi. I could work during the day as he worked at night. By then I had gone for driving school and qualified. After sometime we sold the car and shared the money equally. I was able to buy my own though not on cash but I always worked hard to pay the difference. I am now married with one kid my wife used to sale clothes but due to expansion of the roads the stalls were demolished. Still looking for somewhere to put up the business.

My Business

I do car hire and taxi services here in Kakamega town. Initially I operated a small boutique which my wife was running but due to expansion of the roads the stalls were demolished but I was lucky to get another space were I have set up a motorcycle spare parts shop. With the little savings I have set from my other business which Zidisha has been my pivot the business is doing great.
I chose this business because most people in this town use motorbikes as a means of transport because its cheap and convenient and thats were my spare business comes in. In this town we have over ten thousand motorbikes and i can tell we have not more than ten shops though we have three big ones which the owners import the spares directly from china were we small retailers we go and buy from them. (Looking forward to that too)
From the profit I make am able to restock my shop as well as pay school fees for my loving daughter.
From my shop am able to make upto 70% profit everymonth.
At the same time I also get around ksh 70000 from my taxi business from which am able to pay for the monthly instalments for my car and the other twenty thousand I add stock to my shop and do small savings.
Thank you all.

Loan Proposal

Thank you Zidisha for this golden chance.
With the ksh 59564, I will be able to do a major shopping for my shop which has not been doing that well the past months.
First am going to get a number of tyres. One tyre goes at a wholesale price of 8 dollars from my shopping list av listed 20 tyres which will cost 160 dollars.
I have also listed engine blocks at least 10 of them for different bikes, three for each bike one goes at 20 dollars that means I will need 200 dollars for the engine blocks.
My stock also lacks Tvs and Bajaj dashboards which goes for 8 dollars each. For ten peaces five each I will be required to have 80 dollars.
The other items I need are headlights, indicators, side mirrors, piston kits, Piston rings, connecting rod and tubes from all that I have done a rough calculation it comes to a total of 200 dollars and my shop will be complete again and be able to serve my clients well again and be in the competition.
The challenge here is when a client comes to my shop and he or she doesn't find wat they need next time they won't come to ask they assume you dont have everything they need.
Thank You again for being their for me and may God keep you all to continue giving support to may other young and old entrepreneurs like me to meet their daily needs. Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$600.01

Date disbursed

Apr 15, 2016

Repayment status

On Time

Projected term

5 months

Cost to entrepreneur

Service fee: $30.01

Lenders

rebecca

Chapin SC, United States

laurenrosenbaum

Washington, United States

J

johans

Malmö, Sweden

N

nkalina

Bloomington, United States

JB

James Broderick

Cobham, United Kingdom

B

bgalon

London, United Kingdom

E

Errol

Bradenton, FL, United States

W

WilsonLending

Atlanta, United States

S

Snick

Halle, Germany

A

alfredo

Bremen, Germany

H

Hilke

Bremen, Germany

C

Canlender1

Nanaimo, Canada

J

Jason

New Jersey, United States

S

susa

Forchtenberg, Germany

C

Christian

Saarbruecken, Germany

Archie

Rochester, United States

S

Spock

Koeln, Germany

HI

Highly Improbable

Saskatoon, Canada

J

johan

Oslo, Norway

P

Peter

München, Germany

Elinor

Maple Lake, MN, United States

M

MarkAndMary

Seattle, United States

J

JonnyPrice

San Francisco, United States

S

SovTempest

Toronto, Canada

mbunifu

San Jose, United States

malcolm D

grants pass, United States

Y

yop324

Ottawa, Canada

BelleStarr

Albuquerque, United States

K

Kubicek

Baton Rouge, United States

C

CavLender

Charlottesville, United States

COOPITALIST

Toronto, Canada

E

Ehaffey

Washington D.C., United States

U

uBaJ41

Afton, United States

C

ColinPlatt

Montgomery Village, United States

daibhmac

Luton, United Kingdom

lorrymac

Killough, United Kingdom

I

ideerge

Mountain View, United States

S

snowlilly

Sanford, United States

Tilius

Oslo, Norway

boxer

Boynton Beach, United States

S

soren

Göteborg, Sweden

Rocketdrive

Eugene, Oregon, United States

ErikN

Stockholm, Sweden

J

jozua

Delft, Netherlands

K

Kerkeslager

Richmond, United States

B

bizarresmom

Willowick, United States

W

Withnail

Reading, United Kingdom

johnnorris

Aberystwyth, United Kingdom

bluetree

Mountain View, United States

L

louisela

Eugene, Oregon, United States

J

jrtregurtha

Ridgefield, United States

B

butterflyspirit

coventry, United Kingdom

T

Tszach

Tucson, United States

R

ryanalysis

Port Jefferson Station, United States

K

K1Stay

London, United Kingdom

I

IngeH

Muehlheim, Germany

Tjitser

The Hague, Netherlands

F

FHult

Stockholm, Sweden

S

SusanP

Muscat, Oman

ZlataRoy

Cheltenham, United Kingdom

F

FaaThailand

Bangkok, Thailand

R

rcmssr

Woodbury, United States

spthoennes

Orlando, United States

MichaelDean

San Jose, United States

A

Aloha

Cologne, Germany

M

markj

Camberwell, Australia

Nathaniel

Copenhagen, Denmark

J

Jacquinta

London, United Kingdom

R

Roman

Barcelona, Spain

johnandmoliehi

Canton, New York, United States

K

kathy207

South Portland, United States

T

ToddK

Indianapolis, IN, USA, United States

M

mogensh

København V, Denmark

A

AnnaW

Orange County, United States

S

Steveandson

Arlington, United States

MakeSense

-, St. Kitts and Nevis

R

ryano

New Westminster, Canada

S

simranandtyler

London, Ontario, Canada

tmisch

San Jose, California, United States

DaveinPerth

Perth, Australia

M

MarleyZiggy

Colorado, United States

J

John

Newbury Park, CA, United States

J

jgrauel

Zurich, Switzerland

RochelleSpencer

New York, United States

N

ningli

Charlotte, NC, United States

Y

Yasha

Beer Sheva, Israel

Jeff and Marcie

Portland, OR, United States

4

42Theo

London, United Kingdom

B

blahblah

Nuernberg, Germany

J

jjiffer

Seattle, United States

N

NancyG

Victoria, Canada

T

tlingf

San Francisco, United States

S

Sherry

Cold Spring, United States

MichaelR

Los Angeles, United States

A

Alicee

Munich, Germany

D

danny

Karlsruhe, Germany

C

chasingtheskies

Palmdale, United States

C

Corrino

Sofia, Bulgaria

M

matts

New York, United States

B

briansedz

Canton, Ohio, United States

P

proby24

Singapore, Singapore

K

Kibbleni

Madison, United States

J

jipi9000

Vantaa, Finland

C

cmubiggguy

Chapin, SC, United States

T

tmsaddress

Orlando, Florida, United States

A

ArcticOne

Medicine Hat, Canada

TheMoonDuster

Brisbane, Australia

L

Lenore

Munich, Germany

nelson637

Greenbrae, California, United States

cattlebaron

Pierre, SD, United States

S

Shadrax

Lansing, United States

C

chrisherron

Chicago, United States

H

hanso

Arendal, Norway

tasos

hove, United Kingdom

W

W2JKD

Vero Beach, FL, United States

dajawein

Gladstone, Australia

J

JoycaLeplae

Gent, Belgium

F

fourstarsfamily

Melbourne, Australia

F

fhlsk

Potsdam, Germany

M

missjoyy

Munich, Germany

A

Alexandre

Sherbrooke, Canada

P

portlandloans

Portland, United States

J

JandC

Watsonville, United States

M

MarcAndreD

Saguenay, Québec, Canada

trevbot

Montreal, Canada

Pascal

Gent, Belgium

A

Aleks

Oslo, Norway

D

Divergent

Bethesda, United States

ViVenusMedical

Jarfalla, Sweden

A

Aman

Johannesburg, South Africa

Susansfund

Colorado Springs, United States

A

AustA

Sydney, Australia

G

glomardor

Leonardtown, United States

Cloudways

Malta, Malta

R

RosieLea

columbus, United States

M

markusfitza

College Station, United States

IA

Ismini and Jerry

Stamford, USA, United States

A

aiban

Austin, United States

S

Sabine

Courtenay, Canada

D

danderson1953

Plainsboro, United States

D

doinggood

Missoula, United States

A

Austrian

Graz, Austria

birtom

Ettlingen, Germany

Matthew

New York, NY, United States

W

wogman

Evanston, United States

S

samuk

Nottingham, United Kingdom

AdvancingCompassion

San Diego, United States

L

loistf

Madrid, Spain

T

tanio

Darmstadt, Germany

W

wildnis

Seattle, United States

S

Sergio

Boise, United States

K

Katehar

Maple Valley, WA, United States

B

BobJames

Toulouse, France

J

jwharding

Hamburg, Germany

ads68

Melbourne, Australia

N

NoelC

Chelmsford, United Kingdom

Ellie

Urbana, United States

dhulsterwim

LIER, Belgium

U

UmSaeed

Southfield, United States

A

amnesiac

Adelaide, Australia

yorick

Springfield, United States

Alina

Amsterdam, Netherlands

LendingFromGermany

Gießen, Germany

I

ijerkov

Zagreb, Croatia

rfriedenberg

New Jersey, United States

L

lilbsedz

Raleigh, United States

A

Andy

Berlin, United States

C

chrono

Toronto, Canada

A

Arnfinn

Aasgardstrand, Norway

S

ssj2k4

Broken Arrow, United States

Gordons28

Santa Monica, United States

T

TurgayAlihos

SOUTHBANK, Australia

S

solarkismet

Logan, United States

E

ElliottGarlock

Palo Alto, CA, United States

A

arwaandali

Ottawa, Canada

A

Avalokiteshvara

Yau Yat Chuen, Hong Kong

U

UTLonghorn

Lincoln, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

M

Marod

Edmonton, Canada

E

erlingre

Sør-Fron, Norway

K

Krishroff

Dubai, United Arab Emirates

F

Fritzimax

Pacific City, United States

O

ommthree

Egg, Switzerland

C

Colmena

Chicago, United States

S

ScottEastman

Green Bay, United States

A

AndrewC

London, United Kingdom

H

HobbyCollector

Beach City, United States

R

RCHeying

Marietta, United States

FriendinOregon

Hillsboro, Oregon, United States

D

Dutch_lender

Leiderdorp, Netherlands

L

Lolababalola

Ames, United States

90803

Long Beach, United States

dmirpuri

Bangkok, Thailand

M

magnaculpa

Silver Spring, United States

E

Esseni

Cincinnati, United States

J

jumpfunky

Dortmund, Germany

B

Budgie81

Norwalk, United States

G

Gdrvasc

Frederick, United States

B

BearLa

Indianapolis, United States

C

Clben7

Cincinnati, United States

M

mueba

Frankfurt, Germany

P

Purplejeep

Moravia, United States

M

Mystery15

Winnipeg, Canada

Déméter&Kotler

Paris, France

A

akshu71

Ottawa, Canada

M

Morgan1301

United States

G

grogzoid

United States

M

martyb

United States

E

elhh82

Petaling Jaya, Malaysia

Shemuel

New Jersey, United States

L

lamar

lamar colorado, United States

M

misaheat

United States

J

Jonas

Linköping, Sweden

D

Donh419

United States

J

JeffH

United States

A

adiipienaar

South Africa

Paul Buchheit

Mountain View, United States

S

simonista

United States

H

Heroofcanton

United States

P

plhughes

United States

J

Jcamp94

Gadsden, United States

bb4dogs

United States

E

emfagan1

United States

C

condo86

United States

mepster

San Francisco, Ca, United States

VK

Vasily Kudrin

Moscow, Russia

S

simonthompson99

United Kingdom

S

Sophia20450

United States

L

luckiestmonkey

United States

P

pfeng

United States

S

sarahb

United States

M

Medagan

San Franciso, United States

A

aajmp

United States

R

Rajendra

Jamkhed 413201 Maharashtr, India

D

dh1423

United States

C

cocolo

United States

adrianz

United States

ND

Nick DG

Exeter, United Kingdom

Y

Yanque

Madrid, Spain

M

mcgeefamilyny

United States

P

Paul

United States

lottospots

Reading, United Kingdom

Kyle Hoback

Jersey City, NJ, United States

K

Kelly729

United States

A

andreab

United States

C

cwbreaux

United States

JP

James Parker

Sacramento, United States

L

Leong

Singapore

KM

Kirsty M

United Kingdom

S Masler

Tennessee, U.S.A., United States

Gab

Singapore

M

mmartin

United States

D

Daman

United States

Jerome

Switzerland

MW

Matt Willis

United States

PT

Pattie Thomas

United States

DN

Don Nichols

United States

Elly

Woudrichem, United Kingdom

jtreyes

United States

H

Hakon

Drammen, Norway

JM

John Meserve

United States

J

jojo

Germany

V

Vantine

United States

R

Ryan

United States

E

erica

antwerpen, Belgium

ward

Netherlands

HN

Hai Nguyen

Switzerland

Max Lettenberger

Madison, WI, United States

Kevin

San Francisco, United States

HS

Harry Shulman

United States

RT

Rakesh Tondon

United States

M

Marc

Newcastle upon Tyne, United Kingdom

KD

Kent Don

United States

R

Roger

United States

Mouhamed

United States

MG

Meron Gribetz

United States

MM

Marshall M

United States

Paul

Seattle, United States

JD

Jeff DePree

United States

Oliver Hasenberg

Iserlohn, Germany

ME

Manaal Eisa

Washington DC, United States

Corina King

Calgary, Canada

Framework Eyewear

Utrecht, Netherlands

NO

Nancy Owen

United States

B

Brent

United States

Solon Brown

Singapore, Singapore

K

Karen

United States

Martin Nielsen

Aarhus, Denmark

PG

Paul Graham

United States

wissam

Jeddah, Saudi Arabia

AK

Achim Königs

Bonn, Germany

JB

John Brown

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

ES

Evan Simons

United States

A

Ari

United Kingdom

JD

JASON DORSETT

United States

RR

Rushil Reddy

United States

M

Mika

Switzerland

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