Spare parts & garage

George

Loresho, Kenya

100% repaid

Entrepreneur

Name

George

Member since

September 2017

On-time repayments

17 installments  •  100%

About Me

I grew up in Nairobi, raised by a single parent struggling but did my education up to college. My mother is my hero she did it all by herself two sons and a daughter. Anyhow I managed to do a driving course and got a driver's license in the year 2000 and by 2006 despite other challenges for being a driver for different organizations and companies like nestle foods, Safaricom and also working in a garage at the industrial area sharpened me with skills and driving experience I required to be able to qualify for PSV license. therefore I joined taxi business until Uber came in as a taxi hailing online application which has enabled me to become a partner with a small spare parts shop that I would like to expand with more stocks because the garage is available and the mechanics but sometimes I lack some spare. If I can get a 100k loan would make it work.

My Business

As an Uber partner and A spare parts dealer with Air compressor and repair I Have been selling new tyres to my customers for a while now and i have been running out of stock. Now that i have managed to replace at least 15 NEW tyres for taxis and personal vehicles. I would like to bring Enough stock for cars and motorcycles so that they i never run out of stock and boost my income. it will be a success to bring New tyres for i recently posted how i will be making an extra income for replacing new tyres for my clients after i do assessment instead of repairing a puncture i can also advice my customers when to not take chances on the road by having their tyres replaced because of skidding while the tires are worn out. l have also found a wholesaler who has been supplying to me for 2,200ksh each (170 70R14). I buy different sizes of cause the moving stock and they have been supplying to my shop for free(No transport fee). For example i will be buying each tyre for normal saloon (Taxi) as a retailer i will sell each at 3,500-4,000kshs. Will be making 1,300-1,700Kshs profit from each tyre. For 1 car 2pcsx1300 =2,600Kshs. That is good business. Looking forward to my next loan so that i can bring in enough stock at my Auto spares Shop.

Loan Proposal

Will buy
1. x5 oils 4litres = 6500 sell @ 1800each
2. oil filters 5pcs = 1000 sell @ 500 each
3. elements 5pcs = 1000 sell @ 400 each
4. Air freshners 10pcs =1500 sell @ 200 each kes

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$99.00

Date disbursed

Sep 10, 2017

Repayment status

On Time

Projected term

5 weeks

Other loans

Lenders

Paul Buchheit

Mountain View, United States

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  • George    Feb 9, 2018

    Hello Everyone! I would like to thank all of you for the support and trust you've put in me. I would not have come to owning one thing that I have been looking for many days and months so that it can boost my business and bring a lot of work and extra income all together. My aim will be as I had mentioned earlier by purchasing in bulk new different tyres for those common vehicles esp taxi ( Uber) they have a great demand and they have been driving around and from my research the tyres and vehicle service is a need that MUST be provided and available at ease. Will take the advantage now that I have a wide range of knowledge with tyres and how best to take care of your vehicle esp what are the best tyres for your vehicle/ motorcycle. Looking forward to purchasing NEW tyres for my customers. Will be great.
    The small air compressor has done amazingly well and apart from sometimes the electricity goes off and therefore no work can go on...I have to say it has increased my revenue by 50% up. I thank you all and may God bless you

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  • George    Dec 28, 2017

    Hello Lenders and everyone else, I hope you are all enjoying the end year holidays wherever you are. I am doing well i can't complain and i hope to do better the coming month especially now that i have come up with an idea of how i will grow while i make extra returns. I have been referring some of my customers to the next gas station or a tyre centre that sells new tyres and i have realized if i was the one dealer that would also sell and replace a worn out tyre it would work to my advantage while i do repairs i could also advise a customer when there is no need to do a puncture repair when their tyre is pierced too much with repairs its not safe, then they can replace instead and i would sell the New tyres. So i have decided to bring in new tyres, tubes for the motorcyles and that will be a big boost to my business. Looking forward to my new project 2018. Wishing you a Happy new year with blessings.

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  • George    Dec 4, 2017

    Hello everyone, Now that i am able or at least my customers are increasing and i'm able to make good returns i have concluded it best to increase my repayment loan amount so that it will reduce my loan drastically and also my lenders may have funds to help others who are out there. Thank you for what you are doing in peoples lives, you may not know it from the look on the chats and computers but you are touching peoples lives and making it a better world. God bless you all

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  • George    Nov 23, 2017

    God bless you all

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  • George    Nov 23, 2017

    Hello all. Thanks once again for your support. During this time i have managed to get the compressor and already doing few repairs but it is slow though doing great and i know it will pick as in the customers will increase including motor vehicles and others e.g. hand carts

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  • George    Nov 10, 2017

    Hello all. I have received my loan of Ksh19,550 from Zidisha all thanks to you(Lenders) and i look forward to launching my project 1 for a compressor to do tyre repairs boost my business. as you are aware of the political atmosphere calming down though not very but we all hope and pray it will be over soon. In the cause of the week i will post some photos of the work done and how it will be going. Kind regards George Kimiri

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  • George    Oct 28, 2017

    As we are going through rough time in regards to the political atmosphere I understand if the loan will not be funded and I also working on how well to safe guard my shop and my first step has closed it most of the days and relocated to a nearby next building though on the same street and road. Have also contacted my customers most of them the mechanics and as we share ground information on the situation I hope all will go back to normal. Thanks all

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  • Ren    Oct 28, 2017

    I am sorry your loan didn't fund but this encourage you to try again - as it gets closer to the holiday season more people are giving.

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