Add working capital to my mpesa shop

Entrepreneur

About Me

My is Franklin married with one child am hard working and determined Kenyan.I have a business that is located at Kaptembwa
Majority of our customers are the residents of the area
The main line of business is suppliers of small selected items like sweets, polythenes etc , photocopy and mpesa
Kamptembwa area is a semi slum and has more the 10,000 residence. I have diversified in my business to ensure that there is continuous profitability.
The main challenge of the business is limited lack of funds and we plough back most of the business profit to ensure business growth. The future plans of the business is to become a small wholesale and include more products than what we are currently having.

My Business

My business is currently located at Kaptembwa area in nakuru town
The main business is photocopy, Mpesa and supplies of sweets and polythene.
On average the business makes 1500 per day which translate to around 40,000 per month
MONTHLY EXPENSES
stocks 15,000
rent 3,000
electricity 1,500
salary and wages 9,500
TOTAL EXPENSES 29,000
TOTAL INCOME 21,000
TAX 1500
This shows monthly business accounts and I believe that if I can have more capital business revenues can increase.The business faces competition from other business hence we need to diversify our products and that is why I need some funding so that I can add stock for my business.

Loan Proposal

Thanks Zindisha team for the continued support my business continue to grow well every day.
Two months ago ireceive $75 dollars which enebled me to start distributing photocopying papers. Every month i generate $ 50 dollars from the same
Currently i have started Mpesa business within my business premises. The business is doing well and every month it generates kes 4000 approximately $44.
If i can add more cash to the business, monthly income will be approximately $80.
It is my hope that you will find my proposal worth of your investment.
Thanks once again for the support.
You may be interested in knowing how Mpesa works.
Mpesa is mobile technology of money transfer introduced by Safari com Ltd.
The company has introduced Mpesa dealers with large start up capital who then do sub dealership to small business owners all over the country.
To be a sub dealer you need a start up capital of $230. Also you need a physical location and paint the premises safari com co lours green. Through Mpesa platform customers can send money or withdraw money at any Mpesa shop. Currently majority of Kenya banks have linked their accounts with Mpesa hence it becomes very easy for client to deposit money from their Safari com line to their accounts.
As a sub dealer you need to have cash at hand and float(money in your Mpesa line transact. Any time a customer withdraw the money you increase you float and reduce your cash at hand and vise verser .
Then it means for you to do more transaction you need to have at least have $400. For every transaction you do that is deposit and withdrawal you earn a minimum of $ .1. upto $3.
The more the transaction you do the more the income you get. Commission are paid direct by Safari com LTD

Show original English  

Feedback

Loan Info

Lenders