Buy a mpesa line for money transfer bussiness

Jairo

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Jairo

Member since

December 2014

On-time repayments

268 installments  •  53%

About Me

My names are jairo wainaina from kiambu county a small village called kwambira, Am a member of a family of five, i went to muguga high school, i did not further my education due to financial stability so i became idle and kept watching movies all day.
I began accompanying my mother to farm and for many years i could feel hopeless and disappointed about my life,
One day a project named " kazi kwa vijana"was aimed at clearing bushes and repairing roads offered me employnent, i managed to save money which i used to start a small movie shop.
My hobbies are watching, Lots of friends come to borrow movies at my home so i found the need to start the business,
I like dancing singing and playing guitar, Am also into interior decorations.

My Business

My business "jairo movie shop" is a small growing movie shop where i sell movies do photocopy sell phone accessories,design wedding cards and repair phones,printing services.
The business is fast growing, i need more capital so to invest more and double my profits.
My area is a small shopping center where lots of youths like to watch movies play station games and using the internet chatting or social media, this made me realize a demand in movies and phone accessories due to advanced technology,
my cousin who works as an attendant in the shop also repairs phones so a customer can purchase a spare and fix his phone in the same place,people take pictures passports and also photocopies,
I make a profit of 200 to 400$ a month and use it to pay rent pay my cousin salary buy food and add more accessories in stocking the shop.
With ideas from other business men and friends whom are older than me in business i have been able to to now divide the shop into two and subdivided a small section for play station games room due to customers demand.

After buying a printer and introduction of snacks i now make an average of 380usd and sometimes it gets to 450usd this is a profit a increase of almost 150 usd in my total income on a monthly record analysis.

Loan Proposal

Granted this loan of 30,686 kenya shillings i will use 200 US D to buy a Mpesa line and use 106 US D to buy play station three (ps2) machine.
This will increase income in my entertainment shop and will definitely increase my monthly profit by two.
Games is currently in great demand as many children are now asking for this games, i found a need to also bring money transfer services due to customers who wants to [pay for services through the phone.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$436.00

Date disbursed

Dec 1, 2015

Repayment status

On Time

Projected term

48 months

Lenders

F

flaguy999

Tampa, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

MW

Matt Willis

United States

PG

Paul Graham

United States

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