Mobile-phone payment-transfer center for my community

Samuel Shehi

Mazeras, Kenya, Kenya

100% repaid

Entrepreneur

Name

Samuel Shehi

Location

Mazeras, Kenya, Kenya

On-time repayments

140 weekly installments  •  86%

About Me

I am a social and kind individual from a small town, Mazeras, in Kilifi County, Kenya. My typical day is a 12-hour work period and a 3-hour bonding with people I know in my area. I find interactions with people very enriching. I get to learn better ways of doing things. I simply love company though I come from a family of four. My deepest interest is solving problems; no wonder I am in this kind of business. Some problems take so little effort to solve that no one need be troubled when I am available.

My Business

After college in 2010, I had a hard time finding gainful employment. Being a passionate entrepreneur, I immediately realized a technological gap in my area. I started a one-computer cybercafe where I assist people in accessing email, downloadable forms and social networks like Twitter at a reasonable fee. I also got tasked to create new Facebook, Twitter and email accounts. Occasionally, I get to troubleshoot faulty computers and replace parts for clients, Additionally, I sell a few mobile accessories. I cannot complain about my business because I use the profits for meeting my bills and support my mother alongside.

Loan Proposal

I have carried on an M-Pesa sub-agency for about a year now, and I have a better understanding on how commissions are earned. A sub-agent may work super hard at her business but is always disappointed by her monthly commissions earned. Most of the time the super-agent has set the commission sharing ratio in such a skewed way to favour him against the sub-agent (sometimes super-agent:sub-agent=60:40). Safaricom recommends 20:80 because the sub-agent puts own funds and time into the business with likely losses to fraud from occasional con men.

Subsequently, I have chosen to go the super-agent way by applying for my M-Pesa tills directly from Safaricom. However, this has its own huge initial costs attached. One has to register a limited company (which averages at KES 35,000). One also has to provide at least KES 100,000 in float amount for each M-Pesa till to be booked at application stage. Notwithstanding, I plan to raise this loan and source the remaining amount from savings, personal sources and apply for at least 3 tills at Safaricom. This move will ensure I earn reasonably high commissions and improve my life.

Show original English  

About Me

Am a hardworking man as I work at least 12hrs a day. My life is around people that make my existence worthwhile. I strive to improve all people around me. So I provide solutions to mobile phone manipulation challenges and make online applications for customers at my shop.

My Business

I love what I do with a passion. offer solutions to almost anything a mobile phone can prove challenging. From settings to activating subscriptions and making online applications for customers. And I always offer my services at affordable prices thanks to your financial help. Many customers appreciate my apt services and have made me the man-to-go-to in my town.

Loan Proposal

I have carried on M-Pesa sub-agency for about a year now and I have a better understanding on how commissions are earned. A sub-agent may work super hard at her business but always disappointed by her monthly commissions earned. Most of the time the super-agent has set the commission sharing ratio in such a skewed way to favour him against the sub-agent ( sometimes Super-agent:Sub-agent=60:40). Safaricom recommends 20:80 because the sub-agent puts own funds and time into the business with likely losses to fraud from occassional conmen. Subsequently, I have chosen to go the super-agent way by applying for my M-Pesa tills directly from Safaricom. However, this has its own huge initial costs attached. One has to register a limited company ( which averages at KES 35,000 ). She also has to provide at least KES 100,000 in float amount for each M-Pesa till to be booked at application stage. Notwithstanding, I plan to raise this loan and source the remaining amount from savings, personal sources and apply for at least 3 tills at Safaricom. This move will ensure I earn reasonably high commissions and improve my life.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,686.08

Date disbursed

May 14, 2015

Repayment status

On Time

Projected term

23 months

Cost to entrepreneur

Service fee: 5% of $1,686.08 = $84.30

Lenders

rebecca

Chapin SC, United States

A

agwong

California, United States

T

Tmann

Los Angeles, United States

A

Anninymouse

Southampton, United Kingdom

tjm212003

Montreal, Canada

JB

James Broderick

Cobham, United Kingdom

C

CWS

Huntington beach, ca, United States

G

GalantnostS

Hong Kong, Hong Kong

B

bgalon

London, United Kingdom

M

marvin24

Giessen, Germany

S

Snick

Halle, Germany

H

Hilke

Bremen, Germany

C

Canlender1

Nanaimo, Canada

investor

Candiac, Canada

J

johan

Oslo, Norway

torelizer

Reggio Emilia, Italy

BelleStarr

Albuquerque, United States

cyrus0302

San Francisco, United States

nicole

Worcester, Ma, United States

DeanDropshot

Oslo, Norway

S

stroll

Stockholm, Sweden

ErikN

Stockholm, Sweden

J

jozua

Delft, Netherlands

evinpa

United States

F

Fiodal

Helsinki, Finland

M

m_dennis

Toronto, Canada

Raoul72

Naarden, Netherlands

F

FaaThailand

Bangkok, Thailand

MichaelDean

San Jose, United States

T

Tallago3

Munich, Germany

Pere

Barcelona, Spain

Zidisha

Sterling, United States

A

ashtanga99

Newport, United States

BJ

Brandon Joz

North Carolina, United States

Jeff and Marcie

Portland, OR, United States

B

blahblah

Nuernberg, Germany

T

thejacobnorton

Jubail, Saudi Arabia

J

jdhowa2

Louisville, KY, United States

B

briansedz

Canton, Ohio, United States

P

proby24

Singapore, Singapore

beverly

Vancouver, Canada

J

jjonas

berlin, Germany

T

tmsaddress

Orlando, Florida, United States

F

farwest

Alamo, United States

J

JandC

Watsonville, United States

D

duckdork

De Forest, United States

Susansfund

Colorado Springs, United States

G

glomardor

Leonardtown, United States

Cloudways

Malta, Malta

Andreas1974

Fristad, Sweden

J

jzidi

Los Angeles, United States

D

danderson1953

Plainsboro, United States

A

Austrian

Graz, Austria

Matthew

New York, NY, United States

Jouni

Finland

S

SvenWaage

Stavanger, Norway

pentatonicscale

Niiza-shi, Japan

B

BClay

Campbell, United States

J

jwharding

Hamburg, Germany

ads68

Melbourne, Australia

Alina

Amsterdam, Netherlands

A

Aaron

Zurich, Switzerland

J

jerryq

Redding, United States

fairspirit

Utrecht, Netherlands

davidt

San Francisco, United States

camilberlin

Berlin, Germany

Muslim

Riyadh, Saudi Arabia

A

amish

San Francisco, United States

U

UTLonghorn

Lincoln, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

M

Marod

Edmonton, Canada

neocodesoftware

vancouver, Canada

S

Sclodfelter

Los Angeles, United States

isabelv

Barcelona, Spain, Sweden

D

diza2722

NSW, Australia

Zal0m0n

Atlantis!!!! x), Mauritania

gseletko

South Perth, Australia

S

smetis

Kananaskis, Canada

mojobob

Hayward, United States

P

Pavane

Kungsbacka, Sweden

T

ThereIsNoGod

Singapore, Singapore

R

rebtl

San Francisco, United States

andreatagliatti

Manchester, United Kingdom

dmirpuri

Bangkok, Thailand

somuchjackson

Boston, United States

Genady

Münich, Germany

E

edgrr000

Dallas, United States

E

E

Marin county, United States

Parkmobile

Fort Bragg, United States

G

Gdrvasc

Frederick, United States

H

happytrailsjpd

South Bend, United States

H

Haavard

Bergen, Norway

S

Sunflower

116 Taylor Drive, United States

C

Clben7

Cincinnati, United States

Evan Lamos

Brussels, Belgium

G

guggl

Vienna, Austria

S

SanderBeckers

Brussel, Belgium

A

akshu71

Ottawa, Canada

G

GanSatya

United States

D

dajja

Stockholm, Sweden

T

thebonseung

Republic of Korea

Z

zvrk2014

Brookline, MA, United States

pvilliger

Zurich, Switzerland

M

Malibu

Westwood, United States

Matching Fund

Sterling, United States

J

Jonas

Linköping, Sweden

A

adiipienaar

South Africa

S

spivurno

United States

L

lfender6445

United States

M

meric

Australia

Paul Buchheit

Mountain View, United States

M

Michi

Switzerland

M

merk85

United States

K

Karpet

Faroe Islands

K

Kber9156

North Parramatta, Australia

Anu

India

joshuacollinson

Vienna, Austria

mepster

San Francisco, Ca, United States

P

PeterDG

United Kingdom

TyWee

Manila, Philippines

J

JonAlec

United States

S

SaraNT

United States

H

HLCharityFund

United Kingdom

I

idris

United States

A

AlexH

United Kingdom

S

satheajay

United States

adrianz

United States

M

M.Umar

Pakistan

S

StefanB

Stockholm, Sweden

A

adamdreaming

United States

M

Mirko110775

Hamburg, Germany

S

Stephan

Netherlands

KM

Kirsty M

United Kingdom

Haim Si

Mexico, Mexico

MJ

Matt Jenkins

United States

Dave Bogard

New York, United States

Cassian Opara

London / Dubai, United Arab Emirates

DB

Dianne Bayes

Huntersville, United States

jtreyes

United States

JM

John Meserve

United States

Kevin

San Francisco, United States

KD

Kent Don

United States

Paul

Seattle, United States

T

Trish

United States

M

misbahul

Singapore

Paul Buchheit

Mountain View, United States

John Barnett

United States

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