To start a tvs tuk tuk garage with auto spares shop
Eric
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Eric
Member since
May 2014
On-time repayments
344 installments • 67%
About Me
I am a young self motivated, passionate, focused, trustworthy and hardworking businessman, I am a Kenyan living in Nairobi, passionate about job creation to the young people. I see a great future in entrepreneurship in the very near future.
Professionally: I am a Licensed Pharmaceutical Technologist, Passionate for my profession and always striving to achieve excellent pharmaceutical practice. I am a key leader for our pharmacy professional body as the National S.G.
The Practice: I am honored to serve patients from all walks of life and facilitate their access to life saving treatment and interventions at the job-level and Interactive/social-level. I got an all-round experience from Community Pharmacy Practice, Mission Hospital based Practice, Private Hospital Based Practice and Institutional Pharmacy Practice.
I enjoy meeting people and making new friends. I am a mentor too, I love inspiring others. My dream is to grow my businesses and offer more meningful job opportunities to many.
My Business
I run a cybercafe, two microbuses and two three-wheeler tuk-tuks for public service transportation which are all doing well now. I have 9 employees now and hope to expand more with this loan.
The Cybercafe business has been there since February 2014 and really shot up income-wise since investing my last zidisha loan amount in a Konica Minolta Bizhub C360 Printer and camera and after I got a strategic location that has higher customer traffic. This gives me the enthusiasm to equip it further.
Having excelled in Tuk Tuk public transport service and the spare parts garage kicking on well, I am now venturing into microbus transport services. I intend to buy one more second hand Suzuki Every which costs USD 4,500. It's a seven-seater with a daily net return of USD 15.
Zidisha can currently give me USD 2,985. I will raise the difference. (I have it ready)
I intend to use the loan to fully finance this transport business portfolio expansion venture.
In addition to my other businesses in the public transport industry and the IT/Cyber sector, the new investment in a Suzuki Every vehicle will bring in an estimated average net income of USD 15 per day at the onset.
I have repaid Zidisha Loans before and I can confirm that I will be able to repay back the loan funding in good time.
Loan Proposal
There's a great demand for TVS TUK TUK spares and garage services. The identified location has over 100 Tuk Tuks operating as public transport means. The only garage available is 30 minutes drive away and is usually congested and expensive. My projections are USD 50 net income within 6 months and I have plans to expand business scope.
I require a total of USD 2,400 for this particular venture. Like I earlier stated I will raise the difference. Through Zidisha I can raise USD 1,410.
I intend to use the loan to enlarge business portfolio (multiple streams of income).
Through previous Zidisha loans I have made great business strides from Cyber to Tuk tuks and through my savings I have aquired five more Tuk Tuks for public transport business and that has created 6 extra jobs. The daily gross revenue from each tuk tuk is USD 10 for 6 days a week for 4 weeks, less USD 50 per month for each for services and repairs
With this I can confirm that I will be able to repay back the loan in time, I also have a permanent job that can cater for the repayments in the event of business challenges or eventualities.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,393.00
Date disbursed
May 2, 2019
Repayment status
On Time
Projected term
14 months
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