Add stock for my electricity, M-Pesa & AirTel business
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
i will use $100 on increasing Mpesa float.
i will spend $30 on buying Safaricom and Airtel line,both replacement and new registration line.
i will spend $20 increasing stock for both Safaricom and Airtel airtime cards.
i will use $50 on increasing Airtel float.
i will spent $30 increasing electricity float.
this loan will expand my business hence accommodating higher number to the satisfactory as well as increasing my profit by 40% ,enabling me settle my loan quickly and also cater needs of my family.
THANKS.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$239.00
Date disbursed
Nov 13, 2016
Repayment status
On Time
Projected term
4 months
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Summary
Amount repaid
$238.81
Amount remaining
$0.00
Date repaid
Mar 25, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Nov 20, 2016 | $5.04 | Nov 19, 2016 | $5.04 |
| Nov 27, 2016 | $1.01 | Nov 26, 2016 | $1.01 |
| Dec 4, 2016 | $1.01 | Dec 3, 2016 | $1.01 |
| Dec 11, 2016 | $1.01 | Dec 10, 2016 | $1.01 |
| Dec 18, 2016 | $1.01 | Dec 18, 2016 | $1.01 |
| Dec 25, 2016 | $1.01 | Dec 25, 2016 | $1.01 |
| Jan 1, 2017 | $1.01 | Dec 29, 2016 | $1.01 |
| Jan 8, 2017 | $1.01 | Jan 7, 2017 | $1.01 |
| Jan 15, 2017 | $40.29 | Jan 14, 2017 | $40.29 |
| Jan 22, 2017 | $40.29 | Jan 21, 2017 | $40.29 |
| Jan 29, 2017 | $40.29 | Jan 29, 2017 | $40.29 |
| Feb 5, 2017 | $20.15 | Feb 4, 2017 | $20.15 |
| Feb 12, 2017 | $20.15 | Feb 12, 2017 | $20.15 |
| Feb 19, 2017 | $5.04 | Feb 18, 2017 | $5.04 |
| Feb 26, 2017 | $5.04 | Feb 24, 2017 | $5.04 |
| Mar 5, 2017 | $5.04 | Mar 4, 2017 | $5.04 |
| Mar 12, 2017 | $5.04 | Mar 11, 2017 | $5.04 |
| Mar 19, 2017 | $5.04 | Mar 17, 2017 | $5.04 |
| Mar 26, 2017 | $40.29 | Mar 25, 2017 | $40.29 |
| Apr 2, 2017 | $0.08 | Mar 25, 2017 | $0.08 |
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