Add M-Pesa and expand stock in my household products shop

Victor Mose

Enosaen, Kenya

100% repaid

Entrepreneur

Name

Victor Mose

Location

Enosaen, Kenya

On-time repayments

160 weekly installments  •  99%

About Me

PERSONAL PROFILE
My name is Victor Mogoi Mose. I was born in 1980 in Kisii County, Nyanza province, Ogembo District, Magena Division, Machoge Borabu Location, Kiango sub-location, Bomasansa Village. I went to Kiango Primary School from 1985 to 1994, and joined Magena High School from 1995 to 1998. I was employed as a B.O.G untrained teacher from 1999 to 2001 at Rianyanchabera Secondary School. I left my teaching career and ventured into small-scale farming from 2002 to 2004. I left farming the following year and went to Nairobi in search of employment.
While in Nairobi, I also ventured into small-scale merchandising business where I used to earn a living in Kangemi slum. My business, despite a stiff competition, was doing fairly well because my prices were competitive to other well-established entities with sufficient capital and enough stock. My capital base grew in a span of less than three years from Kenya shillings fifty thousand to Kenya shillings three hundred and fifty thousand. I was making a net return of at least Kenya shillings one thousand per day. I was not able to expand my business due to capital constraints, despite a good business growth potential.
In December 2007, I lost my entire business due to presidential post election violence because I was operating in a semi-permanent premise and insecure place with no insurance cover.
I joined Vision Institute of Professionals College in Nairobi and finished my Certified Public Accountant (CPA) course in 2010. I worked for Simba Telcom Ltd as an accountant from July 2010 to October 2011. I left that company and joined Transmara Sugar Company from November 2011 to date as a payroll accountant besides being a secretary of the supervisory Committee of Transmara Sugar SACCO.

My Business

MY BUSINESS AND FARMING
I am a small-scale sugarcane farmer currently owning three acres of developed cane which is fourteen months old on a leased land for six years. The lease cost is fully paid for the entire lease term. Cane farming requires huge capital hence it is not easy to expand the same. Also, farming risks cause a huge treat to farming industry, like: low cane prices offered to farmers from millers, illegal cheap sugar dumping in Kenya, inaccessibility of farming subsidies from the government, and cheap sugar imports from COMESA region.
Due to the above risks associated with farming, I decided to venture to a merchandised retail shop to diversify my risks. It is at Kiango Market from May 2013 to date in a permanent rental premise. I injected Kenya shillings 200,000 into the business and employed one sales lady in charge of the shop. I stay in the same premise and always audit my sales daily in the evenings after finishing the work of my employer. Business is also growing but it needs a good capital injection. Currently, I hire a motorbike to make deliveries to my customers who also operate small kiosks in both Kisii and Narok Counties in a radius of up to twenty five kilometers. I pay averagely Kenya shillings five hundred daily to the owner and pay a rider kshs. 300 per day to make sales of averagely kshs. 20,000. This is a profit margin of, at most, kshs. 1,500 per day including transport costs. I intend to buy my own motorbike to make deliveries to my clients in order to reduce transport costs. This would give me a competitive advantage to business competitors. I also intend to increase stock which is always insufficient to my customer demands. I sell all household products and a few construction products like paints, nails, iron sheets and cements. Customers prefer my shop because I do free deliveries to their doors if they buy substantial heavy products in cash. I intend to expand my business to a wholesale entity but capital is my biggest business constraint. My potential is overwhelmingly huge, coupled with perfect customer service from my sales lady. I always close my shop at 9:00 pm and open at 7:00 am daily except Sundays. From my small business, I make averagely on a monthly basis Kenya shillings 20,000 after paying all my utilities and my sales lady. This can substantially improve if I meet my customer demands.

Loan Proposal

Dear Lenders,
I salute you all. I intend to invest almost 80% of your funds in opening a new line of business within my rented premises. If funded, I want to start a M-Pesa business which will give me a return of not less than 10% of my investment. I also intend to restock my shop as follows:

Description USD
M-Pesa business 773
Airtime 97
Locally assorted juices 145
15 Crates of 500ml Sodas 155
20 Crates of 500ml Sodas 116
10 Bales of Cooking flour 116
10 Bales of Baking flour 145
100 Litres cooking oil 193
Detergents 193
Total 1,932
If funded, I expect to make at least 40% of the entire investment as my gain. I always endeavor to make my payments on schedule.

Much regards,
Victor Mogoi Mose

Show original English  

About Me

PERSONAL PROFILE
My names are Victor Mogoi Mose born in 1980 in Kisii County, Nyanza province, Ogembo District, Magena Division, Machoge Borabu Location, Kiango sub-location, Bomasansa Village. Went to Kiango primary school from 1985 to 1994, joined Magena High School from 1995 to 1998. Was employed as a B.O.G untrained teacher from 1999 to 2001 at Rianyanchabera secondary school. Left teaching career, and ventured in small scale farming from 2002 to 2004. I left farming the following year and went to Nairobi in search of employment. While in Nairobi I also ventured into small scale merchandised business where I used to earn a living in Kangemi slum. My business despite a stiff competition was doing fairly well because my prices was competitive to other well established entities with sufficient capital and enough stock. My capital base grew in a span of less than three years from Kenya shillings fifty thousand to Kenya shillings three hundred and fifty thousand making a net return of at least Kenya shillings one thousand per day. I was not able to expand my business due to capital constraints despite a good business growth potential.
In December 2007, I lost my entire business due to presidential post election violence because I was operating in a semi- permanent premise and insecure place with no insurance cover.
I joined Vision Institute of Professionals College in Nairobi and finished my Certified Public Accountant (CPA) course in 2010.
I worked for Simba Telcom Ltd as an accountant from July 2010 to October 2011. I left that company and Joined Transmara Sugar Company from November 2011 to date as a payroll accountant besides being a secretary of the supervisory Committee of Transmara Sugar SACCO.

My Business

MY BUSINESS AND FARMING
I Victor Mogoi Mose I am a small scale sugarcane farmer currently owning three acres of developed cane which is fourteen months old on a leased land for six years lease cost fully paid for the entire lease term. Cane farming requires huge capital hence not easy expand the same and also farming risks cause a huge treat to farming industry like low cane prices offered to farmers from millers, illegal cheap sugar damping in Kenya, inaccessibility of farming subsidies from the government and cheap Sugar imports from COMESA region.
Due to above risks associated with farming, I decided to venture to a merchandised retail shop to diversify my risks at Kiango Market from May 2013 to date in a permanent rental premise. I injected Kenya shillings 200,000 into the business and employed one sales lady in charge of the shop. I stay in the same premise and always audit my sales daily in the evenings after finishing the work of my employer. Business is also growing but needs good capital injection. Currently I hire a motorbike to make deliveries to my customers who also operate small kiosks in both Kisii and Narok Counties in a radius of up to twenty five kilometers. I pay averagely Kenya shillings five hundred shillings daily to the owner and pay a rider kshs. 300 per day to make sales of averagely kshs. 20,000. This as a profit margin of at most kshs. 1,500 per day including transport costs. I intend to buy my own motorbike to make deliveries to my clients in order to reduce transport costs because this gives me a competitive advantage to business competitors and also increase stocks which are always insufficient to my customer demands. I sell all household products and few construction products like paints, nails, iron sheets and cements. Customers prefer my shop because I do free deliveries to their doors if they buy substantial heavy products in cash. I intend to expand my business to a wholesale entity but capital is my biggest business constraint. My potential is overwhelmingly huge coupled with perfect customer service from my sales lady. I always close my shop at 9.00 pm and open at 7.00 am daily except Sundays. From my small business I make averagely on a monthly basis Kenya shillings 20,000 after paying all my utilities and my sales lady. These can substantially improve if I meet my customer demands.

Loan Proposal

Dear Lenders,
I salute you all.
I intend to invest almost 80% of your funds in opening a new line of business within my rented premises. If funded, I want to start Mpesa business which will give me a return of not less than 10% of my investment. I also intend to restock my shop as follows:-
Description Usd
Mpesa business 773
Airtime 97
Locally assorted juices 145
15 Crates of 500ml Sodas 155
20 Crates of 500ml Sodas 116
10 Bales of Cooking flour 116
10 Bales of Baking flour 145
100 Litres cooking oil 193
Detergents 193
Total 1,932
If funded i expect it to make at least 40% of the entire investment as my gain.
I always endeavor to make my payments on schedule.
Much regards

Victor Mogoi Mose

Feedback

5

None

None

  • Sunnyside    Jan 12, 2016

    Congratualtions - I am delighted that your next loan has been funded and I wish you every success - I would happily fund you again. Thank you and good luck!

    Log in to reply • Share
    • Victor Mose    Jan 14, 2016

      Thank you for your willingness to fund my next loan. This to me is a show of good gesture and confidence in my business. I'm very much delighted. Be blessed!
      Best regards
      Victor Mose Mose.

      Log in to reply • Share
  • jan73    Mar 10, 2015

    Mr Mose consistently repaid exactly on schedule.

    Log in to reply • Share
  • SuperMario28    Mar 9, 2015

    Great job repaying your loan!! You are an awesome borrower!! Keep up the good work with your business!!

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  • Mikers    Oct 12, 2014

    Excellent borrower, hope the loan helped speed the road to success!

    Log in to reply • Share
    • Victor Mose    Oct 13, 2014

      sir,
      Thanks for your lending it really helped me and my farm is doing well. I real appreciate your assistance.
      regards
      Victor Mose.

      Log in to reply • Share
  • howard    Jun 22, 2014

    Thank you, Victor, for your correct repayments.

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,115.04

Date disbursed

Mar 1, 2017

Repayment status

On Time

Projected term

10 months

Cost to entrepreneur

Service fee: 5% of $1,115.04 = $50.23

Lenders

F

fabian85

Uppsala, Sweden

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Candiac, Canada

TG

The Gwarden

Göteborg, Sweden

BrassHat

Boston, United States

BelleStarr

Albuquerque, United States

AltruisticSelfishnes

Chicago, United States

ErikN

Stockholm, Sweden

Vanamo

Helsinki, Finland

P

pieces15

Grand Falls-Windsor, Canada

Scott

Oregon, United States

J

jjcharlie

chicago, United States

ZlataRoy

Cheltenham, United Kingdom

T

Tallago3

Munich, Germany

Pere

Barcelona, Spain

Tamanders

North Carolina, United States

Foxjam

St. Paul, United States

M

Markus

Tirschenreuth, Germany

PeteMx

Los Angeles CA,, United States

BJ

Brandon Joz

North Carolina, United States

B

Becmo

Brisbane, Australia

Tavin

Ottawa, Canada

CharlieBfl

Vaduz, Liechtenstein

C

chrisherron

Chicago, United States

G

graememoss

Amsterdam, Netherlands

Cloudways

Malta, Malta

lorello

Vicopisano, Italy

Namaste250

Pittsford, United States

ads68

Melbourne, Australia

Alina

Amsterdam, Netherlands

A

Andy

Berlin, United States

fairspirit

Utrecht, Netherlands

C

cardiff

Falls Church, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

isabelv

Barcelona, Spain, Sweden

Hedwich

Gorssel, Netherlands

E

E

Marin county, United States

M

MarianneM

Munich, Germany

PlanetEarth

Somewhere close, United Kingdom

O

ormung13

Christchurch, New Zealand

E

emilyeaton

New York, United States

Evan Lamos

Brussels, Belgium

G

GanSatya

United States

sderickson

Berkeley, CA, United States

Paul Buchheit

Mountain View, United States

mepster

San Francisco, Ca, United States

R

RonEddy

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S

Sophia20450

United States

B

bscent

Hong Kong

Grant Xavier Storer

Seattle, Wa, United States

T

Tim47

United States

K

Keith

Luxembourg

PolarBearCapital

United States

KM

Kirsty M

United Kingdom

Jonas

Switzerland

Eduardo

Sorocaba, Brazil

Matthias

Frankfurt Am Main, Germany

E

Erich

Zurich, Switzerland

Dave Bogard

New York, United States

MW

Matt Willis

United States

W

Wade

United States

Thomas

Basel, Switzerland

PC

Patrick Clavette

Hartford, Wisconsin, United States

MB

michael breen

United Kingdom

DF

Daniel Fehr-Krahn

Winnipeg, Canada

Andrew

Melbourne, Australia

Kate Courteau

United States

Kevin

San Francisco, United States

AF

Alysn Ford

United States

Cameron Graham

Nashville, TN, United States

NH

N Holt

United States

S

Stein

Diest, Belgium

RM

Robert Mulley

United States

TH

tom hd

United Kingdom

Carla

Amsterdam, Netherlands

Martin Nielsen

Aarhus, Denmark

PG

Paul Graham

United States

Donna Manton

Australia, Australia

G

GS2

Germany

N

Nick

Greater London, United Kingdom

G

Grant

Germany

AH

ajay hampapur

United States

E

eriklonnroth

United Kingdom

Aran Dunlop

United States

AP

Andrej Presern

United Kingdom

DL

Dan Lawrence

United States

Rosario von Li

San Jose, Ca, United States

A

Adam

United Kingdom

Gabriel Fenili

Santo André, Brazil

Strong

Netherlands

K

Katka

St Albans, United Kingdom

KE

Karen Epolito

Syracuse, NY, United States

Angela Linwood

Minneapolis, Minnesota, United States

JA

Jan Andresen

Hamburg, Germany

JM

Jane Mattoon

United States

J

jeananne

United States

MP

Matt Patton

United States

The Zinc Team

San Francisco, United States

Benjamin Kniaz

Boston, United States

MO

Mark Owens

United States

SH

Stephanie He

United States

WS

Warren Shen

United States

Humble Bundle Community

San Francisco, United States

ES

Evan Simons

United States

R

Robert

Chicago, United States

CD

Cathy Droz

United States

AH

Ari Helgason

United Kingdom

MG

Morten Gade

Copenhagen, Romania

HD

Hardik Desai

United Kingdom

V

VJ

Canberra, Australia

BP

Bill Piper

United States

E

Ejvin

United States

B

Bart

Netherlands

D

Dalton

San Francisco, United States

The X2AI Team

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

PS

praful shah

United States

R

RMIM

United States

A

Aaron

United States

D

dfg

United States

BB

Ben Breen

United States

Paul Buchheit

Mountain View, United States

M

Mary

United States

M

marton

United States

SS

Sam Smith

United States

J

Jastrow

Paris, France

N

Nicholas

Australia

DM

Drew Miller

United States

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