Add m-pesa services to my grocery store

Bancy

Nakuru, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Bancy

Member since

March 2015

On-time repayments

32 installments • 38%

About Me

After loosing my job in the tourism sector last year, I moved from Mombasa to Nakuru. I started a grocery shop to be able to educate my two boys, who are 17 and 9.

So far the shop is doing okay; however, I realised that, for me to be able to realise better profits, I need to expand the services I offer. I am seeking this loan to help in setting up M-Pesa services.

My Business

I sell groceries in an estate shop in Kenlands. I buy the groceries wholesale and resell at a retail cost.

There is a demand for M-Pesa services in my area because the nearest M-Pesa shop is about 1km away.

The profits will go towards educating my children: the first born, who is 17, wants to be a paramedic, and the 9 year old dreams of being a pilot. Part of the profits I will also plough back into the business to keep expanding the business and services. The other profits will go towards repaying this loan.

Loan Proposal

I am in the process of getting an M-Pesa agency at my shop . However, I am short on operating capital. When funded, I will be able to run the M-Pesa services well, this translating to better profits for the shop. This will impact positively on our family's livelihood.

Show original English

About Me

After loosing my job in the tourism sector last year I moved from Mombasa to Nakuru. I started a grocery shop to be able to educate my two boys who are17 and 9.

So far it is doing ok, however I realized for me to be able to realize better profits I need to expand the services and inventory of the things I offer.

My Business

I sell groceries in an estate shop in kenlands. I buy the groceries at wholesale and resell at a retail cost.

If funded I would like to increase the shop inventory

The profits will go towards educating my children the first born who is 17 wants to be a paramedic and the 9 year old who dreams of being a pilot.

Part of the profits I will also plow back into the business to keep expanding the business and services.

The other profits will go towards repaying this loan.

Loan Proposal

I am in the process of getting an mpesa agency at my shop . However i am short on operating capital when funded I will be able to run the mpesa services well this translating to better profits for the shop. This will impact positively to our family's lively hood.