Add an mpesa shop to my business

Salome Mutuku

Njoro, Kenya

100% repaid

Entrepreneur

Name

Salome Mutuku

Member since

April 2014

On-time repayments

107 installments  •  67%

About Me

INTRODUCTION
I am a married woman with one child in primary school, class 8. I went to school and finished my secondary education in 4th form. I did not go to college due to lack of fees. My challenge was how to start life because I did not have any income.

I decided to begin some small business; after having worked casually and saved some money, I took a small loan and began a business next to where I was staying in Huruma. Amazingly, GOD blessed my business and it grew very fast. I bought a plot next to where I was staying so that I could maintain my customers.

My business is 7 years old now. It has helped me to support my family and meet the needs. Even my relatives go to school, especially my sisters. It was 2 days ago when I learnt about Zidisha and I was given an invitation. Hence, I decided to get the web and apply, because my Facebook was just for friends linking, but now it will help me get a loan.

My hobbies include listening to gospel music. I am a flower gardener and I like doing it when I am free. Adding value to nature is my joy.

My Business

My Business Proposal
My business is a shop that deals with household items like sugar, fat, flour, soaps, salt, etc. My customers are the residents of Huruma Estate. They have known me for many years, so they have confidence in my business. My customers therefore trust me and I have a lot of favor.

My main source of goods is Nakuru. I buy them from the wholesale, then I come to retail. My daily sales are 1500/= profit after deductions of expenditures. My monthly income therefore is 45000/=after deductions. My shop is well-stocked. I have a vision of beginning a supermarket by next year.

My challenges are that sometimes my customers take goods and they don't pay in time. My revenue in terms of costs are license, transport tax, paying the watchman my monthly restocking the shop.

I would like to add M-Pesa to my business so that it can boost my business. My next loan I will use to buy float of M-Pesa to assist me in getting higher income in my business. Most of my neighbors in my estate have to walk long distances to go and get M-Pesa services. I will have a very big advantage because I don't have a competitor. Since the demand is very high, I will be able to repay my loan better. That means per month I will be able to add 7000/= which means 80 US dollars on my current rate. My business then will increase by adding more interest to my business, hence my living standard will improve.

Loan Proposal

Currently, my business is doing very well, because the last loan I got I used to add stock. This has increased the number of customers to my shop, hence my sales are good. I want to add value to my shop. I will use the money (20,000 kenya money, which is 250 US dollars) to buy float on the phone and 5000ksh, which is 62 US dollars, to purchase the M-Pesa kit. This will increase my daily sales by 70%.

Show original English  

About Me

.INTRODUCTION;I am a married woman with one child in primary school class 8 . i went to school and finished my secondary education in 4th form .i did not go to college due to lack of fees, my challenge was how to start life because i did not have any income .i decided to begin some small business after having worked casually and saved some money i took a small loan and began a business next to where i was staying in huruma .amazingly GOD blessed my business and it grew very fast. until i bought a plot next to where i was staying so that i could maintain my customers . my business is 7 years now it has helped me to support my family meet the needs and even my relatives go to school especially my sisters .it was 2 days ago when i learnt about zidisha and i was given an invitation hence i decided to get the web and apply because my face book was just for friends linking but now it will help me get a loan my hobbies include listening to gospel music i am a flower gardener i like doing it when i am free adding value to nature is my joy

My Business

my business proposal; my business is a shop which i deals with household i items like sugar, fat, flour,soaps salt etc my customers are the residents of huruma estate they have known me for many years so they have confidence in my business my customers therefore trust me and i have a lot of favor my main source of goods is nakuru i buy them from the wholesale them i come to retail my daily sales are 1500/= profit after deductions of expenditures my monthly income therefore is 45000/=after deductions my shop is well stocked i have a vision of beginning a supermarket by next year . my challenges are sometimes my customers take goods and they don't pay in time my revenue in terms of costs are license,transport tax,paying the watchman my monthly restocking the shop I would like to add m-pesa to my business so that it can boost my business my next loan i will use it to buy float of m-pesa to assist me get higher income in my business most of my neighbors in my estate have to walk long distance to go and get m-pesa services .i will have a very big advantage because i don't have a competitor since the demand is very high and i will be able to repay my loan better that means per month i will be able to add 7000/= which means 80us dollars on current rate my business then will increase by adding more interest to my business hence my living standard will improve .

Loan Proposal

Currently my business is doing very well because the last loan i got i used to add stock to my stock .this has increased the number of customers to my shop hence my sales are good . i want to add value to my shop iwill use the money 20000 kenya money which is 250us dollars to buy float on the phone and 5000ksh which is 62 us dollars to purchase the mpesa kit this will increase my daily sales by 70%

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$286.44

Date disbursed

Jan 27, 2015

Repayment status

On Time

Projected term

16 months

Cost to entrepreneur

Lender interest: $286.44 at 6.89% annual rate over 16 months = $27.60

Service fee: $14.81

Lenders

V

vrthe99perc

KUALA LUMPUR, Malaysia

mfrost3

Dakar, Senegal

A

akshu71

Ottawa, Canada

T

Texikan

Fort Worth, United States

R

RohitSingh

Montreal, Canada

D

dj9812

United States

TomF925

www.AfricaLeap.com, United States

C

cktsai

United States

M

Morgan1301

United States

L

liseman

United States

D

DanielW

United States

E

elhh82

Petaling Jaya, Malaysia

OP

Old People

Corona Del Mar, United States

P

Peaches

United States

O

osubucks45

United States

J

juniormint

United States

S

stevemorin

United States

A

adiipienaar

South Africa

jonnyhj

Stockholm, Sweden

J

jenda

Czech Republic

L

Lender59

United States

R

richardbrewster

United Kingdom

M

mitchmk84

United States

R

RosieWatrs

United States

H

harry159

United States

C

CraigInCo

United States

S

Sophia20450

United States

AndrewNeu

Ho Chi Minh, Vietnam

T

timnj

United States

J

JonAlec

United States

D

Desteli

United States

E

EsyCrux

Czech Republic

Grant Xavier Storer

Seattle, Wa, United States

Otto Barten

Amsterdam, Netherlands

Andrew267

Birmingham, United Kingdom

Voscke

Utrecht, Netherlands

Benjamin Charlton

Dubai, United Arab Emirates

KM

Kirsty M

United Kingdom

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