Purchase Motorbike Spare Parts For Business

John

Pipeline, Mazeras, Kenya

100% repaid

Entrepreneur

Name

John

Member since

October 2013

On-time repayments

170 installments  •  99%

About Me

I am a very jovial person with many friends. I come from a very small family of four. My mum has just me and my big brother, Samuel Shehi as children. I love watching Indian movies on my leisure time.I also have many friends who keep me company in business daily. I am the lastborn to my mother so I have to see her daily either by sharing lunch or breakfast together. I live very close to my mother unlike my brother Shehi who I only meet when at Mazeras shopping centre. He is very supportive of me.

My Business

I had always have this great passion for a driver's job. I placed all my success in life on getting a driver's position in a transport company. Despite not getting a driver's job, I have not let that drag me down. I did many unskilled jobs for a long time. To my disadvantage, these jobs do not pay well enough so I had to live with low standards of living and lack of work for long periods. As a result, I tried my hand in business. I have been in several small businesses: Charcoal selling, Cassava frying & Potato frying. Of all, I have had much success in charcoal selling due to high demand of the commodity in my area.

Loan Proposal

My charcoal business is doing well thanks to my earlier loan. I have had so much success. I improved my life much.
Now I want to take my gained business skills to another profitable business. Here 'bodaboda' (motorbikes) are very many. They are used in transporting both people and goods from shopping centres to homes & back. These motorbikes are heavily used on a daily basis & they require maintenance if they are to last long enough to make a return to their owners.
Therefore, most motorbike business is in the sale of spares. I want to gain a share in the business. I will travel to the capital with a motorbike mechanic to purchase the initial stock of spares for sale. I am going to depend on the mechanic for picking the quality spares & eventual fixing of some of the spares on motorbikes of customers.
I will not rent another shop space for the spares business but simply add it to my current charcoal business. I will spend the whole loan on spares purchases. Any additional expense I will cover with my savings from my charcoal business. Your support will go a long way in continuing my success in business & life.
I am confident in a new type business because my current business can repay the loan for the first 2 months before spares' business grows to making good profit by new customers.
Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$370.00

Date disbursed

Jun 24, 2014

Repayment status

On Time

Projected term

8 months

Lenders

Julia Kurnia

Sterling, Virginia, United States

AWOL

USA, United States

evinpa

United States

MichaelDean

San Jose, United States

A

argos

Zurich, Switzerland

Z

zhihanchew1234

Tampin, Malaysia

Hedwich

Gorssel, Netherlands

D

diza2722

NSW, Australia

Zal0m0n

Atlantis!!!! x), Mauritania

K

kingcamo1095

Mountain Home, United States

P

Pavane

Kungsbacka, Sweden

Sarasota

Sarasota, Fl, United States

C

cranejoad

cazenovia, United States

Genady

Münich, Germany

G

GreenMoney

Lahr, Germany

Matching Fund

Sterling, United States

U

undertow

Zadar, Croatia

R

roozbeh

United States

Jonas

Brussels, Belgium

Pomaikai

Jersey City, United States

P

Panda6689

United States

Leonardia

Waddinxveen, Netherlands

Sputnik

Switzerland

pixelsebi

Berlin, Germany

Loungin

United States

Ask John a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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Summary

Amount repaid

$404.15

Amount remaining

$0.00

Date repaid

Mar 3, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jul 1, 2014 $10.94 Jul 1, 2014 $10.94
Jul 8, 2014 $10.94 Jul 1, 2014 $0.34
Jul 9, 2014 $10.60
Jul 15, 2014 $10.94 Jul 9, 2014 $0.44
Jul 15, 2014 $10.50
Jul 22, 2014 $10.94 Jul 15, 2014 $0.55
Jul 22, 2014 $10.40
Jul 29, 2014 $10.94 Jul 22, 2014 $0.65
Jul 29, 2014 $10.29
Aug 5, 2014 $10.94 Jul 29, 2014 $0.99
Aug 5, 2014 $9.95
Aug 12, 2014 $10.94 Aug 5, 2014 $1.33
Aug 5, 2014 $9.62
Aug 19, 2014 $10.94 Aug 5, 2014 $1.66
Aug 12, 2014 $9.28
Aug 26, 2014 $10.94 Aug 12, 2014 $2.00
Aug 19, 2014 $8.94
Sep 2, 2014 $10.94 Aug 19, 2014 $2.34
Aug 26, 2014 $8.60
Sep 9, 2014 $10.94 Aug 26, 2014 $2.67
Sep 3, 2014 $8.27
Sep 16, 2014 $10.94 Sep 3, 2014 $3.01
Sep 9, 2014 $7.93
Sep 23, 2014 $10.94 Sep 9, 2014 $3.35
Sep 16, 2014 $7.59
Sep 30, 2014 $10.94 Sep 16, 2014 $3.69
Sep 23, 2014 $7.26
Oct 7, 2014 $10.94 Sep 23, 2014 $4.02
Sep 30, 2014 $6.92
Oct 14, 2014 $10.94 Sep 30, 2014 $4.36
Oct 6, 2014 $6.58
Oct 21, 2014 $10.94 Oct 6, 2014 $4.70
Oct 14, 2014 $6.24
Oct 28, 2014 $10.94 Oct 14, 2014 $5.03
Oct 21, 2014 $5.91
Nov 4, 2014 $10.94 Oct 21, 2014 $5.37
Oct 28, 2014 $5.57
Nov 11, 2014 $10.94 Oct 28, 2014 $5.71
Nov 4, 2014 $5.23
Nov 18, 2014 $10.94 Nov 4, 2014 $6.05
Nov 11, 2014 $4.90
Nov 25, 2014 $10.94 Nov 11, 2014 $6.38
Nov 18, 2014 $4.56
Dec 2, 2014 $10.94 Nov 18, 2014 $6.72
Nov 25, 2014 $4.22
Dec 9, 2014 $10.94 Nov 25, 2014 $7.06
Dec 2, 2014 $3.88
Dec 16, 2014 $10.94 Dec 2, 2014 $7.40
Dec 9, 2014 $3.55
Dec 23, 2014 $10.94 Dec 9, 2014 $7.73
Dec 16, 2014 $3.21
Dec 30, 2014 $10.94 Dec 16, 2014 $8.07
Dec 23, 2014 $2.87
Jan 6, 2015 $10.94 Dec 23, 2014 $8.41
Dec 31, 2014 $2.53
Jan 13, 2015 $10.94 Dec 31, 2014 $8.74
Jan 7, 2015 $2.20
Jan 20, 2015 $10.94 Jan 7, 2015 $9.08
Jan 13, 2015 $1.86
Jan 27, 2015 $10.94 Jan 13, 2015 $9.42
Jan 20, 2015 $1.52
Feb 3, 2015 $10.94 Jan 20, 2015 $9.76
Feb 4, 2015 $1.19
Feb 10, 2015 $10.94 Feb 4, 2015 $10.09
Feb 11, 2015 $0.85
Feb 17, 2015 $10.94 Feb 11, 2015 $10.43
Feb 17, 2015 $0.51
Feb 24, 2015 $10.94 Feb 17, 2015 $10.77
Feb 24, 2015 $0.17
Mar 3, 2015 $10.94 Feb 24, 2015 $10.94
Mar 10, 2015 $10.24 Feb 24, 2015 $0.16
Mar 3, 2015 $10.08

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