Cash "float" for mobile phone payment service

Valentine Mongola

Elburgon, Kenya

100% repaid

Entrepreneur

Name

Valentine Mongola

Member since

July 2014

On-time repayments

279 installments  •  9%

About Me

My names are valentaine asaale mongolo.I am a mother of three and currently living widow after my husband was killed in Somalia one year ago.He was serving as a soldier in Kenya.
I live in Elburgon setelite estate and i do my business in Elburgon town.I have a certificate in hair and beauty from Vera and Beauty College in Nairobi.At this point i have a beauty shop in Elburgon where i run an Mpesa and offer my service to my customers.
Besides that i am a gospel artist at our church here in Elburgon and i am planning to realise my first and new album very soon.

My Business

I am in the business of beauty now and as mpesa agent.I run a salon,Mpesa and sell local made and imported shoes,children wear,makeups.Most of my customers comes from within the town.When i started this business i faced so many challeges such as lack of enough capital and stiff competition but with time now as i had improved on the service i offer,am now at the pick within this area.Now i am proud to run a successful,stable and reliable business.
Today if the opportunity is given to have a loan,i will use it to expand my business by bringing new products that will attract me more customers hence earn me more income.

Loan Proposal

First i would like to thank you all for your support.As i post another loan today this is how i had plan to use it.

$350 i will use to add more float in my mpesa business.This is because it's the part that i earn more in daily basis.Currently my float is $550 of which sometimes do not serve all my customers.If i get the loan and use it to add float,i will be able to serve more people and hence more profit.Geting more profit will allow me to support my children and pay all my bills without problem.

$150 i will travell to our neigbor country to bring shoes especially for ladies and body lotions like movit products.This Ugandans products are loved by ladies because of high quality and are cheaper compared to Kenya made.This products will attracts me more customers as you know my competitors are selling Kenya made.This loan will help me compete in the market and help more get more products.

$100 i will use to add cosmetics(wig,air food,shampoo,braid,weeves,air oil) in my salon so that all my customer can get all they need with me.This will give me a double profit for selling the products and salon service.This loan will greatly change my life and know that by supporting me you will have supported many lives.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$608.84

Date disbursed

Sep 23, 2014

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Lender interest: $608.84 at 3.98% annual rate over 4 months = $9.79

Service fee: $8.89

Lenders

Kitty

Hailsham, United Kingdom

I

icetwice

Melbourne, Australia

O

Oliver

Geneva, Switzerland

artnking

College Place, United States

KirstenShute

Montreal, Canada

S

SvenWaage

Stavanger, Norway

J

JoeSolar

Virginia, United States

B

Bully

Konstanz, Germany

M

marcelitohb

Bremen, Germany

P

Prysdahl

Marshall, United States

mraph

Virginia, United States

calvero

Bergen, Norway

joaoferraz

RINCHOA, Portugal

Stefano Bertolo

Luxembourg, Luxembourg

F

fredrikahl

Stockholm, Sweden

Hedwich

Gorssel, Netherlands

Zal0m0n

Atlantis!!!! x), Mauritania

T

TVandenbosch

Brussels, Belgium

Sarasota

Sarasota, Fl, United States

C

curtains4u

North Kansas City, United States

G

GreenMoney

Lahr, Germany

anonymous

Huntington, United States

M

mguenter

Switzerland

lyalljellyman

Wellington, New Zealand

T

TrademarkMan

United States

Sputnik

Switzerland

pixelsebi

Berlin, Germany

K

KiraDee

United States

O

ORBP1

Germany

M

Maggie

Australia

Ask Valentine a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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