Airtime credit cards

Jones

Kisooni- Mumbuni- Machakos, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Jones

Member since

April 2014

On-time repayments

310 installments • 10%

About Me

AM A KENYAN MAN AGED 39 YEARS. BEING BORN FROM A VERY POOR FAMILY MY FATHER WAS POLYGAMOUS. AM THE LAST BORN IN A FAMILY OF 9. MY FATHER DIED WHEN I WAS IN CLASS 8 IN 1989. AFTER COMPLETING MY PRIMARY EDUCATION I HAD NO HOPE TO CONTINUE WITH MY EDUCATION SINCE THERE WAS NOBODY TO PAY MY SCHOOL FEES. FORTUNATELY I WAS AWARDED THE PRESIDENTIAL BURSARY WHICH CATERED FOR MY SECONDARY EDUCATION. AFTER THEN I JOINED NATIONAL YOUTH SERVICE AND DISCHARGED IN 2001. AM MARRIED TO CHRISTINE AND WE HAVE TWO CHILDREN, PURITY AGED 10 AND PRINCE AGED 4.

My Business

I AM WORKING AS A SECURITY PERSONNEL AT KENYATTA UNIVERSITY HENCE I HAVE AN INCOME OF THIRTY TWO THOUSAND SHILLINGS A MONTH. I OPENED A BUSINESS IN THE UNIVERSITY OF SELLING MOBILE PHONE AIRTIME RECHARGE VOUCHERS. THERE ARE OVER 50000 STUDENTS AND OVER 5000 STAFF IN THE INSTITUTION, HENCE THE SUPPLY OF AIRTIME CREDIT CARDS HAS NOT BEEN ENOUGH. THE RETURNS FROM THE CARDS WILL ENABLE ME TO PAY THE LOAN COMFORTABLY AND HAVE SOME MONEY FOR MY FAMILY. I DECIDED TO DO THIS BUSINESS AFTER DOING SURVEY AND KNOWN THAT 90% OF KENYANS OWN MOBILE PHONES. FOR THE PHONES TO OPERATE THEY HAVE TO BE RECHARGED WITH AIRTIME AND THIS IS WHAT AM SELLING. I HAVE ALSO GONE IN TO MOBILE MONEY TRANSFER BUSINESS. I JOINED SAFARICOM'S M-PESA AS A DEALER LAST MONTH. THIS GOES HAND ON HAND WITH THE CARDS BUSINESS. I INVESTED USD 500 IN THE MONEY TRANSFER BUSINESS AS MY FLOAT. AM OPERATING THE CARDS BUSINESS WITH LESS THAN USD 300. AM NOW LOOKING FORWARD TO INCREASING THE CARDS STOCK BECAUSE THE DEMAND IS HIGHER THAN MY SUPPLY.

Loan Proposal

I have been selling mobile phone credit cards of small amounts to my colleagues at the university where i work. If i get the loan of Kshs12,000 (USD 1,365) I will use the money to buy more cards and sell to the great population of over 50000 students and over 5000 staff. If i sell the whole amount in a day then i will be able to make a profit that will pay the loan comfortably and make my cards business to grow.