To stock my autoshop

Alexander

Eldoret, Kenya

100% repaid

Entrepreneur

Name

Alexander

Member since

June 2015

On-time repayments

286 installments  •  88%

About Me

My story
I am Alexander Nambaka. I was born on 21st june 1970 in Kakamega County , Butere/Mumias District , Matungu Division,Buchifi Sub Location, Emahafu village. I am married to Jacklyne Aliviza and we are blessed with four children.
I went to school up to class eight sitting my KCPE in 1986 and obatained a certificate. In 1987 I joined Industrial Training Centre where I did a course in motor vehicle Mechanic, did my grade three Trade Test and got a certificate.
Later on I did an interview with Lochab Transport Limited in Nairobi and got employed. I worked for eight years before being retrenched due to poor economy in the country by then.

My Business

MY BUSINESS

I started selling nut and bolts in the year 2000. Later on I decided to open a shop and begin selling auto spares. I have been in this business since that time to date. From the proceeds of the business I am able to pay rent, feed my family and even take my children to school and pay their school fees.
Since I joined Zidisha, when business is good I make a profit of about US$250 per month. From this, I use 15% to pay my tithes and offering in the church where I am a member, 15%to pay my rent, 30% I use for upkeep in the house 20% to pay school fees for my children and the rest 20% I re- invest in my business.

Loan Proposal

BUSINESS PROPOSAL

If funded I will use the total amount to stock my shop with assorted auto spares. This will increase my net profit and hence benefit my customers for they will able to get most of the spares they need from shop. This will improve their efficiency at work because they will not loose time walking for one place to the other in such of spares.

Thank you in advance for funding my loan.

Feedback

1

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None

  • Margaret    Oct 24, 2017

    Alexander paid his loan off perfectly, I would gladly lend to him again and encourage others to do the same.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jul 3, 2015

Repayment status

On Time

Projected term

3 months

Lenders

dlpringle

Denver, United States

PG

Paul Graham

United States

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