I will buy more phone accessories to boost my turnover. i will also increase my mpesa float to enable me handle larger t...

Simon Njugu

Mukuyu, Murang'a, Kenya

100% repaid

Entrepreneur

Name

Simon Njugu

Member since

October 2013

On-time repayments

153 installments  •  29%

About Me

I am Simon Wambugu Njugu, a moblie technicial in mukuyu area in Muranga, I am a graduate of arts and have a lot of passion on mobile technology. I deal with mobile software repair and upgrading. i love my job as in this field there are no many specialist on computerized mobile repair. I also operate an Mpesa shop alongside the the phone repair. the mpesa helps to market my phone repair shop and the phone repair also markets the mpesa, therefore the two are interdependent. it is in this business that my wife works and we get enough income to sustain my family of two children and one wife. am determined to grow this business and expand it to other areas as well as training for unemployed youth.

My Business

I operate a mobile repair shop. i have specialized on software repair and have acquired two computers and flash boxes to help me improve on service delivery. this is the major business of the shop but on the sideline I also operate an Mpesa shop, under this I sell airtime, register lines, sell lines and some memory cards. I have a gross capital of about three hundred thousands which includes two laptop computers, two flash boxes and a mobile phone that the mpesa runs on. the there is market for my services as competition in the area is not stiff.I can afford to service a loan with up to 5000 per month as premium without compromising the current level of consumption

Loan Proposal

I am operating a mobile software repair shop and Mpesa agent. The amount will help me buy some phone accessories that are fast moving and also inject some to my Mpesa business. This will increase the size of transactions I can handle in my shop and also supply to my customers the accessories that they have always requested for. As a result I will be able to increase my revenue which will enable me to repay my loan and expand my business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$49.94

Date disbursed

Feb 3, 2014

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Lender interest: $49.94 at 4.80% annual rate over 2 months = $0.41

Service fee: $0.31

Lenders

Richard Griebe

La Jolla, United States

M

Madone52

Brisbane, Australia

H

HoseB

San Francisco, United States

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