Entrepreneur

About Me

My name is Stephen Kimani and I reside at Bahati location, Bahati constituency of Nakuru County.
I am born again Christian who is God fearing. I am married with one wife and one child, who rely on me wholly. I live with them just behind the business house I am a form four leaver but have attended a trade test in motor vehicle mechanic and now that is what I does as I am a motorbike mechanic in the business. The money I get from the business is used to feed the family, pay rent and electricity bills.

My Business

Radars Motorbike repair is the name of My business and deals with repairing of motorbike. I started doing the business three years ago after the emerging of the boda boda business which started to boom in the area. I saw that there was need to start and exercise my course. First I started as a bodaboda and saved enough money/ capital to start my business. The reasons why I started the business was that I saw there was a lot of trouble to the boda boda people who had to go very far to get the services and by opening the business there was a relieve to them because even when the motorbike broke down, the mechanic was just near and available. Many people prefer my business because of the way i treat them and moreover there know me very well. Due to the fact that I have no enough capital to buy the spares, i normally prefer to tell the customers to buy the spare part and them I charge them the labor charges hence they feel satisfied. The business total daily average Kshs. 400 which translate to Kshs. 12,000 per month. In a month i have an expenditure of Kshs. 3000 for house rent, and Kshs. 500 electricity bill. This gives a total profit of about Kshs.6000 when i subtract the household expenditure.

Loan Proposal

Thank you lenders for this second loan opportunity. When given this amount I will use it to stock my business with spares as i had stated earlier in my profile that since i do repairs of motorbike, my customer really needs the spare parts near where their motors are being repaired and thus i will be able to make my customers spend less because they will not have to travel to get the spare which in most case they bring faulty spares making them go at a loss. With this am sure i will make double profit since i will sell the spares at a profit and at the same time i will be repairing the motorbikes under the same business hence earning for the service. Thank you very much for your concern.

Feedback

Loan Info

Lenders