Inventory of mobile phone accessories and add mpesa float

Priscilla

Keroka, Kenya

100% repaid

Entrepreneur

Name

Priscilla

Member since

February 2015

On-time repayments

171 installments  •  30%

About Me

I was born in nairobi donholm area.i undertook my primary and secondary level in donholm.life in the city was difficult but my family managed to sail through.handwork has always seen me through hardships,believing too.after high school with the help of my family i was able to start my own business which is operating an mpesa agent a service which enables transfer of money through mobile network at a fee.i have two daughters who are young and one is in nursery school and the young one is 9months old. my older daughter dreams of becoming so many things given that she is still young to understand, she is barely 4years. at times she wants to be a doctor, then like mommy, then a teacher.....but we are working hard to better their lives.my hobbies are socializing,singing and listening to music.

My Business

basically i offer services of withdrawal,deposit and customer registration to the Mpesa money transfer service.Mpesa which is owned by safaricom is a widely used service in kenya and almost everybody relies on this service, being an agent safaricom company pays us commission on the number of transactions carried out within the month in relation to the amount tnsacted and that's how we get to make profit.however the cash for deposit and withdrawal is provided by us agents.I chose this business cause it is easy to operate and since it deals with cash no loss is incurred in breakages or damages of goods.my typical cost is $167 but i use $890 for float and cash for transactions.the profit is $167-222.depending on number of transactions per month.that is the cash for withdraw and deposit.this does not change through the month.I use the profits to pay for my bills and fees and also save for the future and incase of emergencies

Loan Proposal

If my loan is funded, I will use it to buy mobile accessories, which go hand in hand with the M-Pesa business. I will also add float to my M-Pesa account, so I can serve customers with large transactions. This will increase my profit by at least 20%. I hope my loan will be funded. Thank you.

Show original English  

About Me

I was born in nairobi donholm area.i undertook my primary and secondary level in donholm.life in the city was difficult but my family managed to sail through.handwork has always seen me through hardships,believing too.after high school with the help of my family i was able to start my own business which is operating an mpesa agent a service which enables transfer of money through mobile network at a fee.i have two daughters who are young and one is in nursery school and the young one is 9months old. my older daughter dreams of becoming so many things given that she is still young to understand, she is barely 4years. at times she wants to be a doctor, then like mommy, then a teacher.....but we are working hard to better their lives.my hobbies are socializing,singing and listening to music.

My Business

basically i offer services of withdrawal,deposit and customer registration to the Mpesa money transfer service.Mpesa which is owned by safaricom is a widely used service in kenya and almost everybody relies on this service, being an agent safaricom company pays us commission on the number of transactions carried out within the month in relation to the amount tnsacted and that's how we get to make profit.however the cash for deposit and withdrawal is provided by us agents.I chose this business cause it is easy to operate and since it deals with cash no loss is incurred in breakages or damages of goods.my typical cost is $167 but i use $890 for float and cash for transactions.the profit is $167-222.depending on number of transactions per month.that is the cash for withdraw and deposit.this does not change through the month.I use the profits to pay for my bills and fees and also save for the future and incase of emergencies

Loan Proposal

If my loan is funded I will use it to buy mobile accessories which go hand in hand with the mpesa business.I will also add float to my mpesa account so I can serve customers with large transactions. this will increase my profit by at least 20%.hope my loan will be funded.thank you.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Mar 18, 2015

Repayment status

On Time

Projected term

6 weeks

Lenders

P

Philippe

Adliswil, Switzerland

DeanDropshot

Oslo, Norway

A

anonymus

Moon, United States

Zidisha

Sterling, United States

T

ToddK

Indianapolis, IN, USA, United States

Jouni

Finland

McJulio

New Jersey, United States

ads68

Melbourne, Australia

Stefano Bertolo

Luxembourg, Luxembourg

Matching Fund

Sterling, United States

mepster

San Francisco, Ca, United States

M

M.Umar

Pakistan

A

adamdreaming

United States

KM

Kirsty M

United Kingdom

T

tobi

Stuttgart, Germany

HC

Howard Cheng

New York City, United States

DR

Derek R

Australia

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