Gathage
Nairobi, Kenya
$0 to go
100% funded of $67 goal
0
days left
Name
Gathage
Member since
March 2018
On-time repayments
9 installments • 56%
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.
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.
As you may have noted from my profile, I intend to use the capital for float purposes for the transaction of money transfer purposes.This basically means the money is not spent at all but used for the transactions only to bost my commission
Join my dream bussiness.
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.
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
As you may have noted from my profile, I intend to use the capital for float purposes for the transaction of money transfer purposes.This basically means the money is not spent at all but used for the transactions only to bost my commission
Join my dream bussiness.
Positive
2
Neutral
None
Negative
1
Project Type
Classic Loan
Disbursed amount
$67.00
Date disbursed
Jul 3, 2018
Repayment status
Late
Projected term
4 weeks
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
Loading...