Adding float for my money transfer services business

Entrepreneur

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

Hello people, as you may have read from my profile, my loan is purely for the float for the mobile money transfer services. This basically means that the money is not spent but used for the transactions only for the purpose of gaining from commissions. Be part of this journey.

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