Electronics, electrics and mpesa e-float for my new shop

Mercy

Nairobi, Kenya

41% repaid

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How it Works

Entrepreneur

Name

Mercy

Member since

March 2015

On-time repayments

81 installments • 12%

About Me

I wa born in thika, Muiri near gatukuyu shopping center, i went to Muirigo primary school, Senior Chief Koinange high school and later to Ashley's beauty college. i ventured into business so that i can be able to realize my dreams i was given some money by my parents to cater for the start up costs. i started doing business since i always had passion for business since i was a small kid. I love where i come from because people are innovative, generous and love business. My child wants to be an Engineer when he grows up. I love swimming, watching movies and listening to gospel music.

My Business

i have opened a new electrics shop and has an Mpesa. Mpesa has a lot of demand in the area due to increased mobile money transfers. I chose this kind of business since the area has demand for the products and has the potential for growth in business. Currently i have one employee whom i pay $66.7 per month and rent 0f $44.4 per month, i usually get profits of about $333.4per month from the shop and mpesa. the profits i get i pay rent and the worker, the rest i just put it back to the business.

Loan Proposal

Te loan amount of Kes 18,007 will be used in the following:
Addition of M-pesa e-float =53.8 Dollars
Energy saver bulbs =21.5 Dollars
Common bulbs = 10.6 Dollars
Fluorescent bulbs =21.5 Dollars
Bulb holders =10.6 Dollars
Wall sockets and switches = 10.6 Dollars
Electric cables = 32.3 Dollars
Airiel cables = 16.2 Dollars
Main switches = 10.6 dollars
Cut outs = 5.4 Dollars