Business boost

Gathage

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Gathage

Member since

March 2018

On-time repayments

9 installments  •  56%

About Me

Hello, great people, my name is Stephen. I was raised and brought up from a very humble background. I struggled through my primary and secondary education whereby I would skip classes to look for manual jobs to pay my fees. It was by mere luck that I have made it this far. My story can only be told by my past struggles.

My Business

Through thick and thin, I managed to start a mobile money agent shop which is a peak business in my location. The shop, which doubles up as a general shop, has been my source of livelihood.

The payments are in form of commission per transaction. On average, monthly commission is about Kes 22000, i.e., $220, but purely depends on the number of transactions. The general shop rewards slightly over Kes 15000. i.e., $ 1500, which makes total revenue to about Kes 37000, i.e., $370.00. Costs including rent for the shop totals to about Kes 10000, i.e., $100. The rest is the net income.

Float is what is the challenge because the system works in such a way that what the customer withdrawal from the agent is credited in my account and what the customer deposits is credited from my account. This basically means you need quite a sum of money to facilitate as many transactions as possible thus maximizing the commission. A help in this area will be a highly applauded gesture. Thanks in advance.

Loan Proposal

The loan will purely be used for float purposes to top up on what I have. This basically means the cash is not actually spent but is used for the deposit and withdraws.
This will in turn facilitate more transactions per day amd ultimately my comissions will be higher.
Please join me in this journey as the dream of a boy from the village makes a dream possible..
Thanks in advance.

Show original English  

About Me

Halo great people, my name is Stephen,raised and brought up from a very humble background.I struggled through my primary and secondary education whereby I would skip classes to look for manual jobs to pay my fees.It was by mere luck that I have made it this far.
My story can only be told by my past struggles.

My Business

Trough thick and thin,I managed to start a mobile money agent shop which is a peak bussiness in my location.
The shop which doubles up as a general shop has been my source of livelihood.
The payments are in form of commission per transaction .On average,monthly comission is about Kes 22000 i.e $220 but purely depends on the no of transactions.
The general shop rewards slightly over Kes 15000 i.e $ 1500 which makes total revenue to about Kes 37000 ie $370.00
Costs including rent for the shop totals to about Kes 10000 ie $100.
The rest is the net income.
Float is what is the challage because the system works in such a way that what the customer withdrawal from the agent is credited in my account and what the customer deposits is credited from my account.
This basically means you need quite a sum of money to facilitate as many transactions as possible thus maximizing the commission.
A help in this area will be a highly applauded gesture.
Thanks in advance

Loan Proposal

The loan will purely be used for float purposes to top up on what I have. This basically means the cash is not actually spent but is used for the deposit and withdraws.
This will in turn facilitate more transactions per day amd ultimately my comissions will be higher.
Please join me in this journey as the dream of a boy from the village makes a dream possible..
Thanks in advance.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$20.00

Date disbursed

Apr 5, 2018

Repayment status

On Time

Projected term

3 weeks

Lenders

L

Lenah

Vert Saint Denis, France

M

marcmesich

Kaohsiung, Taiwan

DaveyDave

Brisbane, Australia

E

EjLehar

Galesburg, United States

OP

Old People

Corona Del Mar, United States

V

valiy

Switzerland

S

sarahb

United States

KM

Kirsty M

United Kingdom

JS

Johan Steen

Malmö, Sweden

Pedro Lopez

United States

Paul

Seattle, United States

Paul Buchheit

Mountain View, United States

OD

Oscar Duignan

United Kingdom

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