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.
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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Negative
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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
Kaohsiung, Taiwan
Corona Del Mar, United States
Malmö, Sweden
Italy
Ask Gathage a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Margaret Dec 22, 2018
Margaret Jun 6, 2018
Margaret Apr 26, 2018
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