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
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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
Summary
Amount repaid
$98.92
Amount remaining
$0.00
Date repaid
Oct 13, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Sep 21, 2017 | $19.78 | Sep 21, 2017 | $19.78 |
| Sep 28, 2017 | $19.78 | Sep 28, 2017 | $19.78 |
| Oct 5, 2017 | $19.78 | Oct 5, 2017 | $19.78 |
| Oct 12, 2017 | $19.78 | Oct 13, 2017 | $19.78 |
| Oct 19, 2017 | $19.78 | Oct 13, 2017 | $19.78 |
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