Loan to buy bicyles & motorcycle spare parts
Samuel
Rimpa,kiserian, Kenya
100% repaid
Entrepreneur
Name
Samuel
Member since
December 2015
On-time repayments
54 installments • 80%
About Me
Well,it is a wonderful opportunity to express myself.First is that my childhood life has been good and well catered by my caring parents back in the rural set up.I was taken to school just like any other child and completed both primary and secondary school.All that long i have been so helpful to my parents in family and domestics activities.I could help taking cows to the river and also helped in fetching water and fire wood.All this showing that i was a responsible boy and law abiding child.Troubles began when my parents got a bigger burden of educating all of us and some of us like my brothers and sisters opted to leave home and started doing old jobs just to be busy.I was not exempted by the situation when it worsened and i followed the suit.All of us started living in town.I followed my brother to town where he was working as a Bicycle mechanic.He was repairing bicycles and earning a living out of that.While staying at his home,i took time helping him in repairing customer's bicycles and learn the job.My brother got a job with a manufacturing company and he left me with his business and later on,he fully gave me his job of which i have been doing for the last 3 years.This is how i came to owe a business and overcame hardship in my life.I am a self employed and loving my job today.The unique thing about the culture of the place i live is that hard work is appreciated for social and economic satisfaction.
My children would like their father to be responsible,caring bring them up and educate them for a healthy society.My hobbies are being a role model in patriotic and community welfare activities.
My Business
Meanwhile,my area of services is mainly in repairing Bicycles and motorcycles as well as selling their spare parts.These services are highly on demand because there are hundreds of motorcycles and bicycles that are used daily for transporting people and goods to more remote areas.I choose this business because i liked it and i am experienced in the same field.It is a well motivating job even on profitability.
My typical cost are mostly on buying stock of the spare parts,cost of welding using the gas,repair tools,security,rent,electricity and permit.mostly my profit goes towards meeting these costs,reinvesting and my personal expenses as well as helping my parents back home.
Thank you.
Loan Proposal
My first loan will directly go towards buying engine oil for service at a cost of USD 34.00,also i will buy puncture repair covers at a cost of USD 13.00.I will add Tyre tubes at a cost of USD 7.00.These are most and commonly my typical and basic services that i have to offer on a daily basis.These are some of the services that contribute a lot in my profit realization at the end of the day.usually,my income per day ranges from from USD 15.00 and 25.now with the new stock,my income a day will shoot to USD 30.00.This will be a world class milestone in my business success and i will even do more to change the society where i live.
Than you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
Dec 29, 2015
Repayment status
On Time
Projected term
7 months
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