Airtime distribution

Geoffrey

Nairobi, Kenya

53% repaid

Entrepreneur

Name

Geoffrey

Member since

July 2015

On-time repayments

264 installments  •  12%

About Me

I was born into a family of 6 children.4 boys and 2 girls.I am the second last born.When I completed my secondary school education I couldn't go to college since there was no money to take me there.So after 5 years of doing nothing and getting tired of being idle I decided making liquid soap and selling them to various people.However the business had it fair share of challenges though I still persist in selling it though the business hasn't grown yet as much as I expected.So I decided to diversify and I sell airtime on wholesale.The business promises a lot although my main challenge at the moment is raising the funds needed to take this business to the next level.I have a dream and my dream is to create employment not only for myself but for my fellow youth who struggle a lot to raise funds.I don't have a crystal ball,I cannot tell the future but one thing am sure of is that am not destined for failure

My Business

I sell liquid soap as well as airtime.However it's my airtime business that gives me my daily bread.The soap business merely supplements my income.The airtime business is very lucrative especially if you decide to do it on a wholesale basis.The market is huge and it's expanding.I usually buy it from a cheaper source and sell it to the shopkeepers around which gives me some profits.According to my calculations I make a profit of about 200 KES a day which I try to reinvest in the business.However my main challenge is at the moment I don't have enough cash so I don't distribute them to as many shopkeepers as I would have wanted.All I need is a little help and am sure I can take this business to the next level.My dream is to own a supermarket in the next five years while ten years after that if everything goes according to plan I'll own a petrol station.Thanks in advance

Loan Proposal

I will buy more airtime which will allow me to distribute it to as many people as possible.My main problem is that I usually run out cash so I can't distribute it to everyone.If I have an extra 100 dollars I can make an extra profit of 5 dollars a day

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jul 27, 2015

Repayment status

Late

Projected term

63 months

Lenders

PG

Paul Graham

United States

Ask Geoffrey a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...