Adding M-Pesa business to my cybercafé

Hillary Rono

Kapsabet, Kenya

23% repaid

Entrepreneur

Name

Hillary Rono

Location

Kapsabet, Kenya

On-time repayments

139 weekly installments  •  83%

About Me

Hillary is the second born in a family of eight. With humble beginnings I managed to attend both primary and secondary school and performed well. Though, I scored good grades to pursue higher education, I did not proceed due to lack of school fees. I struggle with odd jobs here and there to raise a living. Luckily, I got a voluntary service which paid a modest stipend, and I managed to save to start my business. My home of residence is Nandi County, situated in a place called Kaptel location. However, my place of business is Malava town, a highly developing town in Kakamega County. What brought me to this place was voluntary service carried out by the ministry of Health. Its duties involved; sensitizing the community on importance of abstinence, protecting and preventing sexually transmitted diseases, like HIV & Aids and sexually transmitted diseases. Initially I started with floriculture raised capital, and then I majored in cybercafé when I had secured enough capital. I am now planning to include an Mpesa mobile money transaction in my cybercafe.

My Business

I am entrepreneur, whose main services involves; producing copies of paperwork documents like,exam papers, typing and printing documents, designing of cards, filling of KRA returns, photo editing, scanning document, photocopying document, among other issues. Though, my business has some background roots in Agribusiness, I have now devoted much time in expanding and managing my cybercafé. The equipment available includes; a full computer accessories with internet connected by a modem, a laser printer and paper cutting machine and ink jet printer. Recently, i bought 7bags of maize courtesy of zidisha loan, and hope to sale early next year when prices are higher. I opted to buy maize due to rising political temperatures at that time in Kenya. But, immediately I sale I will re invest in buying more computers. Right now I have applied anew loan of 300dollars to invest in Mpesa mobile money transfer. Mpesa line and float will cost 200dollars, extension for Mpesa business will cost 50 dollars, and the remaining 50 dollars I will as cash for mpesa start business.

Loan Proposal

M-pesa Business is one of the most sorted service here in Kenya today.To start you need a small space, a mobile phone and Mpesa line. To get an Mpesa line it's free from Safaricom dealers, but one needs a float of not less than 200dollars, the mobile phone will cost 20dollars, and to hire a carpenter who will help constructed an Mpesa section withi my cybercafe will cost 50dollars. And the remaining 30 dollars will be cash to start the Mpesa business. The two business, i can handle comfortable.
I wish you all the best as you help fund my loan.Thank you and God bless you

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$300.24

Date disbursed

Dec 15, 2017

Repayment status

Late

Projected term

44 months

Cost to entrepreneur

Service fee: $13.49

Lenders

investor

Candiac, Canada

MichaelDean

San Jose, United States

AWeber

Washington, DC, United States

MindMuse

Talking Rock, United States

C

chrisherron

Chicago, United States

Namaste250

Pittsford, United States

ads68

Melbourne, Australia

I

ijerkov

Zagreb, Croatia

Rachael101

Brisbane, Australia

SuperMario28

Cudahy, United States

MD

Miles Dodge

CORVALLIS, United States

jtreyes

United States

MR

Michiel Rauws

San Francisco, Netherlands

A

Andrei

United States

R

Ryan

United States

Elise E

United States

GG

Gituru Gitumbi

Seattle, United States

B

Brett

Australia

JA

Jan Andresen

Hamburg, Germany

D

Dalton

San Francisco, United States

Dean Suminski

Portland, Oregon, United States

R

RMIM

United States

Mike

Indianapolis, United States

DW

Dan Winetsky

United States

Paul Buchheit

Mountain View, United States

Tyler Metcalf

Utah, United States

Nethanel Kohen

NYC, United States

Darren Jeppson

Denver, Colorado, United States

AP

Ariel Pollak

United States

Aluric

Peterborough, United Kingdom

sbdoc

Reno, United States

James Douglass

Sydney, Australia

Jennie

Milan, Italy

Remo

Switzerland

DO

Denis Ontiveros

Guildford, United Kingdom

B

Ben

United States

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