Adding mobile phone money transfer service to my retail shop

Domnic Owuor

Nairobi, Kenya

63% repaid

Entrepreneur

Name

Domnic Owuor

Location

Nairobi, Kenya

On-time repayments

253 weekly installments  •  30%

About Me

I grew in Kamser Sub-Location and schooled in Kamser Primary School upto grade five before moving to Seka Primary School for grade Six-Eight.I lost my parents be joining Oriwo High School for secondary education thank God my dad was wise enough ,as young as I was he taught me house to leave .He was a horticultural farmer growing mainly kales and tomatoes and took over after he passed on and started growing the crops on our farm which is located on shore of Lake Victoria,while I was at school,I used my saving to pay some people to take care of the farm.The farm produce were needed in my school since all children were boarding and had to eat kales everyday,sometimes lunch and supper,I became the school supplier and that catered for my fees for the four years at school.

My Business

I am currently buying and selling various consumable and non-consumable goods like sugar,flour,cooking oil,body lotions,soap,.The consumable goods are ever in high demand and that is why I chose this king of business having seen the high population.A dozen of maize floor cost $ 10 and is sold to the consumers @ $ 14 and two kilogram of sugar cost @ 2 from wholesalers and sold @ $ 3. The proceeds will be used to improve the business as well improve my life and that of my small family.I will be able to get increased profit with increased loan amount on the goods I am going to sell.

Loan Proposal

I want to add money transfer service (mpesa) to my retail shop business. there is a big demand for this service, an opportunity I have been missing. This project requires $ 500. I will add the loan amount I want to raise with zidisha to $ 150 which I have retained from my business profits. Feasibility studies has revealed that profit from this venture will be about $ 100 per month.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$355.29

Date disbursed

Aug 19, 2015

Repayment status

Late

Projected term

52 months

Cost to entrepreneur

Service fee: $17.76

Lenders

N

nonnenore

Cashiers, NC, United States

cyrus0302

San Francisco, United States

DeanDropshot

Oslo, Norway

sarasofia

Stockholm, Sweden

Zidisha

Sterling, United States

MienDeGraeve

Ouagadougou, Burkina Faso

C

cjmenchaca

Austin, United States

ytrio

Madrid, Spain

A

AlexCheng

Seattle, United States

M

MattLondon

London, United Kingdom

beverly

Vancouver, Canada

J

jjonas

berlin, Germany

A

anonymous123

United States

G

graememoss

Amsterdam, Netherlands

M

McCoys

London, United Kingdom

SeeMeeFi

Ontario, Canada

Landei

Sandersdorf-Brehna, Germany

cmahoney

Chadds Ford, United States

Cloudways

Malta, Malta

C

cravioli

geneva, Switzerland

C

Charlotte

Charlotte, United States

ads68

Melbourne, Australia

G

GrandmaMae

Wausau, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

A

alexvanandel

Haarlemmermeer, Netherlands

Hedwich

Gorssel, Netherlands

K

kingcamo1095

Mountain Home, United States

B

Bokolo

Leeds, United Kingdom

D

Darckdog

Lisboa, Portugal

xtrahardware

Cazenovia, United States

B

BMcDermott

Washington, DC, United States

O

OrientExpress

Tokyo, Japan

M

mzhope

Harrisburg, United States

T

thebonseung

Republic of Korea

M

MichelleAnthony

Belchertown, United States

Matching Fund

Sterling, United States

AllieJ

Camberwell, Australia

D

Donh419

United States

S

Samhall8

Brandon, Canada

M

Manley

Windermere, United States

WiscoHorndog

United States

TyrynyRed

United States

C

cha1mers

United States

K

Keith

Luxembourg

N

nshekher

United States

Otto Barten

Amsterdam, Netherlands

Dave

Ede, Netherlands

N

nagoll

United States

T

twm3823

United States

OllieOladele

London, United Kingdom

O

ORBP1

Germany

D

djlayton4

United States

K

Kristiina

All Countries

JL

Joao Leal

United Kingdom

Valeria Cremonesi

Casalpusterlengo, Italy

John R

Ponte Vedra Beach, United States

F

FFMInvest

Frankfurt Am Main, Germany

Heiko

Haan, Germany

Paul

Auckland, New Zealand

W

Wade

United States

H

Hank

New Zealand

MB

michael breen

United Kingdom

The Bayiates Family

Chicago, IL, United States

G

Graham

United States

Rukmini Sarkar

Washington DC, USA, United States

Julia

United States

RB

Richard Busby

United States

MK

Max Kolysh

United States

BB

Ben Bellows

United States

DC

Dan Crosby

United States

JF

Jason Foti

United States

M

Mart

United Kingdom

Robin Padberg

Pétion-Ville, Haiti

SG

Sharon G

Portland, United States

RobLu

Michigan, United States

E

Eve

United States

Kyle Holohan

United States

PS

Pedro Soares

Almada, Portugal

Jason Ormand

New York City, United States

G

george

United States

KN

Ken Nielsen

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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