Add vegetables stock in my stall

Daniel

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Daniel

Member since

November 2017

On-time repayments

15 installments  •  53%

About Me

Am Daniel Mwangi ngamate, am 27 years old I live in Nairobi Roysambu. Am a married man with one child. I come from Eldoret that's where I attended both my primary and secondary education.
I was not able to further my studies due to luck of finances I came to Nairobi in the year 2013, I started doing manual jobs to make ends meet. After doing this for a while I was able to save enough to enable me start a small small business. I ventured into money transfer business, both Mpesa and airtel Money.

My Business

I run a small shop where I offer Mpesa and airtel Money services to clients, I also sell recharge cards, do line replacement and sell cheap mobile phones.
as for the money transfer service I rely on commission, the more transactions I make the profit I make, for Mpesa services I make 15%profit for every deposit I make and 12% profit for every withdrawal done, in the case of Airtel_Money there's a 10% commission on every transaction I do. For line replacement I make a 20% profit per a line and for recharge cards I make 5% profit from every card I sell.
I also run a small grocery shop adjacent to my shop, I sell fruits, tomatoes and onions this to ensure I make ends meet and try to utilise all my resources as possible.
the challenge am facing at the moment is that I have a limited float, at times I miss on clients simply because I don't have enough float to do money transfer, it's my sincere hope that this platform will help me lift my business to another level.
And I promise to work hard to achieve all my goals in life.

Loan Proposal

will use this loan to increase the vegetables I buy to ensure I don't run of vegetables when my clients need the them. This will boost my income and be able earn more.
Kindly fund my loan. Thank you

Feedback

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1

  • Margaret    Jun 26, 2018

    Daniel made no effort to repay his loan or to communicate with his lenders.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$12.00

Date disbursed

Nov 16, 2017

Repayment status

On Time

Projected term

2 months

Other loans

Lenders

Paul Buchheit

Mountain View, United States

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