Adding stock for my electricity, M-Pesa & Airtel agent shop
Nicholas
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Nicholas
Member since
May 2016
On-time repayments
243 installments • 62%
About Me
I was in born in kitui County, in a family of six children and am the first born in my family. I went to kaliku primary school which was 8 kilometers away from my home. Kitui is a semi desert area with high temperature with scarce resources and being marginalized in terms of development. We had to walk for a long distance to get to school. I passed my exams well and joined high school at mutito boys. I completed my high school education through sponsorship from wellwishers. I passed my exam and proceeded to tertiary education at foundation Institute of Africa still through sponsorships. I pursued a diploma in the field of human resources management. Due to scarcity of job opportunities in my country, I didn't get a job at the moment and I applied for a loan through local chamas (youth group) to start my own business. People in my area are social, cooperative, religious and hardworking. I would like my children to be business minded people, respectful, industrious and God fearing, ready to give back to the society.
My Business
I deal with mpesa, airtel and electricity tokens services. I chose this business due to its demand for from the current economic growth and development margins the. The business is very important to me and my customers as it enhance security in terms of money safety and security. I spent $50 on weekly basis to get float and tokens for my customers. The returns are encouraging as I can make a profit of over 30%weekly. I spent my profit to pay rent, bills, growing my business and paying school fees for my brother and my niece who is an orphan currently in form one.
Loan Proposal
Thankyou,lenders and zidisha team for giving me another opportunity in your institution.
am indeed needs $380 for my business boost.
i will spend $150 on adding float stock for my Mpesa agent.
i will spend $100 on adding float for my Airtel agent.
i will use $100 on paying business permit,from Nairobi city council.
i will spend $38 on increasing stock to my electricity tokens.
This amount will really boost my business by 35% profitability,thus creating favorable environment of weekly loan repayment as well as catering basic needs for my family.
THANKYOU,your positive consideration will greatly appreciated sir|madam.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$382.00
Date disbursed
Apr 8, 2017
Repayment status
On Time
Projected term
8 weeks
Other loans
Lenders
Germany
United States
Switzerland
Lima, Peru
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
United States, Canada
Ask Nicholas a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.