Mobile-phone payment-transfer center for my community
Samuel
Mazeras, Kenya, Kenya
100% repaid
Entrepreneur
Name
Samuel
Member since
August 2013
On-time repayments
144 installments • 87%
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.
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
Positive
21
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$1,684.00
Date disbursed
May 14, 2015
Repayment status
On Time
Projected term
23 months
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Summary
Amount repaid
$1,770.38
Amount remaining
$0.00
Date repaid
Jan 20, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| May 24, 2015 | $23.92 | May 24, 2015 | $23.92 |
| May 31, 2015 | $23.92 | May 24, 2015 | $0.52 |
| May 30, 2015 | $23.40 | ||
| Jun 7, 2015 | $23.92 | May 30, 2015 | $1.04 |
| Jun 6, 2015 | $22.88 | ||
| Jun 14, 2015 | $23.92 | Jun 6, 2015 | $1.57 |
| Jun 14, 2015 | $22.36 | ||
| Jun 21, 2015 | $23.92 | Jun 14, 2015 | $2.09 |
| Jun 22, 2015 | $21.83 | ||
| Jun 28, 2015 | $23.92 | Jun 22, 2015 | $2.61 |
| Jun 27, 2015 | $21.31 | ||
| Jul 5, 2015 | $23.92 | Jun 27, 2015 | $3.13 |
| Jul 5, 2015 | $20.79 | ||
| Jul 12, 2015 | $23.92 | Jul 5, 2015 | $3.66 |
| Jul 11, 2015 | $20.27 | ||
| Jul 19, 2015 | $23.92 | Jul 11, 2015 | $4.18 |
| Jul 21, 2015 | $19.74 | ||
| Jul 26, 2015 | $23.92 | Jul 21, 2015 | $4.70 |
| Jul 26, 2015 | $19.22 | ||
| Aug 2, 2015 | $23.92 | Jul 26, 2015 | $5.22 |
| Aug 2, 2015 | $18.70 | ||
| Aug 9, 2015 | $23.92 | Aug 2, 2015 | $6.30 |
| Aug 8, 2015 | $17.62 | ||
| Aug 16, 2015 | $23.92 | Aug 8, 2015 | $6.82 |
| Aug 15, 2015 | $17.10 | ||
| Aug 23, 2015 | $23.92 | Aug 15, 2015 | $7.34 |
| Aug 23, 2015 | $16.58 | ||
| Aug 30, 2015 | $23.92 | Aug 23, 2015 | $7.87 |
| Sep 2, 2015 | $16.06 | ||
| Sep 6, 2015 | $23.92 | Sep 2, 2015 | $8.39 |
| Sep 8, 2015 | $15.53 | ||
| Sep 13, 2015 | $23.92 | Sep 8, 2015 | $8.91 |
| Sep 15, 2015 | $15.01 | ||
| Sep 20, 2015 | $23.92 | Sep 15, 2015 | $9.43 |
| Sep 24, 2015 | $14.49 | ||
| Sep 27, 2015 | $23.92 | Sep 24, 2015 | $9.96 |
| Oct 1, 2015 | $13.97 | ||
| Oct 4, 2015 | $23.92 | Oct 1, 2015 | $10.48 |
| Oct 8, 2015 | $13.44 | ||
| Oct 11, 2015 | $23.92 | Oct 8, 2015 | $11.00 |
| Oct 17, 2015 | $12.92 | ||
| Oct 18, 2015 | $23.92 | Oct 17, 2015 | $11.52 |
| Nov 28, 2015 | $12.40 | ||
| Oct 25, 2015 | $23.92 | Nov 28, 2015 | $12.04 |
| Dec 9, 2015 | $11.88 | ||
| Nov 1, 2015 | $23.92 | Dec 9, 2015 | $12.57 |
| Dec 14, 2015 | $11.36 | ||
| Nov 8, 2015 | $23.92 | Dec 14, 2015 | $23.92 |
| Nov 15, 2015 | $23.92 | Dec 14, 2015 | $23.92 |
| Nov 22, 2015 | $23.92 | Dec 14, 2015 | $23.92 |
| Nov 29, 2015 | $23.92 | Dec 14, 2015 | $23.92 |
| Dec 6, 2015 | $23.92 | Dec 14, 2015 | $23.92 |
| Dec 13, 2015 | $23.92 | Dec 14, 2015 | $23.92 |
| Dec 20, 2015 | $23.92 | Dec 14, 2015 | $0.67 |
| Dec 20, 2015 | $23.26 | ||
| Dec 27, 2015 | $1.19 | Dec 20, 2015 | $1.19 |
| Jan 3, 2016 | $0.00 | ||
| Jan 10, 2016 | $0.00 | ||
| Jan 17, 2016 | $0.00 | ||
| Jan 24, 2016 | $0.00 | ||
| Jan 31, 2016 | $0.00 | ||
| Feb 7, 2016 | $0.00 | ||
| Feb 14, 2016 | $8.89 | Mar 30, 2016 | $8.89 |
| Feb 21, 2016 | $8.89 | Mar 30, 2016 | $8.89 |
| Feb 28, 2016 | $8.89 | Mar 30, 2016 | $8.89 |
| Mar 6, 2016 | $0.00 | ||
| Mar 13, 2016 | $0.00 | ||
| Mar 20, 2016 | $0.00 | ||
| Mar 27, 2016 | $0.00 | ||
| Apr 3, 2016 | $4.44 | Mar 31, 2016 | $4.44 |
| Apr 10, 2016 | $4.44 | Mar 31, 2016 | $4.44 |
| Apr 17, 2016 | $4.44 | Mar 31, 2016 | $4.44 |
| Apr 24, 2016 | $4.44 | Mar 31, 2016 | $4.44 |
| May 1, 2016 | $4.44 | Mar 31, 2016 | $4.44 |
| May 8, 2016 | $4.44 | Mar 31, 2016 | $4.44 |
| May 15, 2016 | $4.44 | Apr 27, 2016 | $4.44 |
| May 22, 2016 | $4.44 | Apr 27, 2016 | $4.44 |
| May 29, 2016 | $4.44 | Apr 27, 2016 | $4.44 |
| Jun 5, 2016 | $4.44 | Apr 27, 2016 | $4.44 |
| Jun 12, 2016 | $4.44 | Apr 27, 2016 | $4.44 |
| Jun 19, 2016 | $4.44 | Apr 27, 2016 | $4.44 |
| Jun 26, 2016 | $4.44 | Apr 29, 2016 | $4.44 |
| Jul 3, 2016 | $4.44 | Apr 29, 2016 | $4.44 |
| Jul 10, 2016 | $4.44 | Apr 29, 2016 | $4.44 |
| Jul 17, 2016 | $4.44 | Apr 29, 2016 | $4.44 |
| Jul 24, 2016 | $4.44 | Apr 29, 2016 | $4.44 |
| Jul 31, 2016 | $4.44 | Apr 29, 2016 | $4.44 |
| Aug 7, 2016 | $4.44 | Apr 29, 2016 | $4.44 |
| Aug 14, 2016 | $4.44 | Apr 29, 2016 | $4.44 |
| Aug 21, 2016 | $4.44 | Apr 29, 2016 | $4.44 |
| Aug 28, 2016 | $4.44 | Apr 29, 2016 | $4.44 |
| Sep 4, 2016 | $4.44 | May 1, 2016 | $4.44 |
| Sep 11, 2016 | $4.44 | May 1, 2016 | $4.44 |
| Sep 18, 2016 | $4.44 | May 1, 2016 | $4.44 |
| Sep 25, 2016 | $4.44 | May 1, 2016 | $4.44 |
| Oct 2, 2016 | $4.44 | May 1, 2016 | $4.44 |
| Oct 9, 2016 | $4.44 | May 1, 2016 | $4.44 |
| Oct 16, 2016 | $4.44 | May 1, 2016 | $4.44 |
| Oct 23, 2016 | $4.44 | May 1, 2016 | $4.44 |
| Oct 30, 2016 | $4.44 | May 1, 2016 | $4.44 |
| Nov 6, 2016 | $4.44 | May 1, 2016 | $4.44 |
| Nov 13, 2016 | $4.44 | May 1, 2016 | $4.44 |
| Nov 20, 2016 | $4.44 | May 1, 2016 | $4.44 |
| Nov 27, 2016 | $4.44 | May 1, 2016 | $4.44 |
| Dec 4, 2016 | $27.78 | Nov 24, 2016 | $27.78 |
| Dec 11, 2016 | $27.78 | Nov 24, 2016 | $27.78 |
| Dec 18, 2016 | $27.78 | Nov 24, 2016 | $27.78 |
| Dec 25, 2016 | $27.78 | Nov 24, 2016 | $27.78 |
| Jan 1, 2017 | $27.78 | Nov 24, 2016 | $22.22 |
| Dec 1, 2016 | $5.56 | ||
| Jan 8, 2017 | $27.78 | Dec 1, 2016 | $27.78 |
| Jan 15, 2017 | $27.78 | Dec 1, 2016 | $27.78 |
| Jan 22, 2017 | $27.78 | Dec 1, 2016 | $27.78 |
| Jan 29, 2017 | $27.78 | Dec 1, 2016 | $27.78 |
| Feb 5, 2017 | $27.78 | Dec 1, 2016 | $16.67 |
| Dec 14, 2016 | $11.11 | ||
| Feb 12, 2017 | $27.78 | Dec 14, 2016 | $27.78 |
| Feb 19, 2017 | $27.78 | Dec 14, 2016 | $27.78 |
| Feb 26, 2017 | $27.78 | Dec 14, 2016 | $27.78 |
| Mar 5, 2017 | $27.78 | Dec 14, 2016 | $27.78 |
| Mar 12, 2017 | $27.78 | Dec 14, 2016 | $11.11 |
| Dec 22, 2016 | $16.67 | ||
| Mar 19, 2017 | $27.78 | Dec 22, 2016 | $27.78 |
| Mar 26, 2017 | $27.78 | Dec 22, 2016 | $27.78 |
| Apr 2, 2017 | $27.78 | Dec 22, 2016 | $27.78 |
| Apr 9, 2017 | $11.11 | Dec 22, 2016 | $11.11 |
| Apr 16, 2017 | $111.11 | Dec 24, 2016 | $111.11 |
| Apr 23, 2017 | $111.11 | Jan 12, 2017 | $111.11 |
| Apr 30, 2017 | $112.04 | Jan 20, 2017 | $112.04 |
jjonas Jun 26, 2019
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