Expanding my mobile money solutions

Entrepreneur

About Me

I Rose Joseph Mlunga was born on 31st of December 1986 at the old town of Kilimanjaro in Tanzania, i am the last born in our family of six siblings. i both attended by primary and O-level secondary school in Tanzania. Then after there i continued to pursue A-level secondary in Uganda. While in A-Level i performed very well in the senior six national examination, which earned me a change to study mu university degree in Uganda.
I pursued a university degree at Makerere Univeristy of Uganda, from 2006 August, until my graduation in 10th January of 2010 with a Bachelor of Arts in Economics. While i was still at Makerere n University got my boyfriend while i was in the second year. So we stared planning for our future so today an married to Frank Mageto and we live in Kenya., and we are blessed with one daughter.

My Business

So i run a mobile banking business(M-pesa) and phone accessories here in Kenya in a town called Kisii. also a alongside the mobile banking business i sell secondhand handbags and secondhand clothes. At times you find business is wobbling up and down due to seasons.
So intend to expand my mobile phone accessories once i receive the funds. Mobile banking has saved people a lot because they can send and receive money at any time and anywhere, so this make the business very stable and increase income to business.
In this mobile banking business i make US$ 200 a month, apart from mobile banking i do mobile phone charging to clients in which i charge Us $ 0.2 per phone, also i sell airtime in my shop.
Therefore upon receiving this money i will increase my mobile banking float and buy 10 additional chargers to charge more phones from clients.
Thanks in advance zidisha team for giving me this opportunity.

Loan Proposal

Once i receive this money, i am planning to expand my mobile money solutions by add in Equity bank agent, Family bank pesa pap agent, KCB bank agent and Co-operative bank agent, Chase bank agent and Diamond Trust Bank agent all these money agents solution will move my business to the next level. So once i receive these funds i will allocate them as follows;
1. Branding the shop shop as per specification of the agent will cost Usd 50 which is Ksh. 5,000/-
2. Expanding my county to suit all five banks money solutions will cost Usd 60 which is Ksh. 6,000/-
3. And i will also inject Usd 500 which is Ksh 50,000/- to the money solutions agent.
Therefore since i have already expanded my business i will need additional one employee to help me in my business. since it will be many units under one umbrella.
This will increase my profit margin by Usd 300 which is Ksh 30,000/- due to this expansion of banking agents solutions.

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