M-Pesa mobile-money business

Mathew

Utawala-githunguri, Kenya

100% repaid

Entrepreneur

Name

Mathew

Member since

March 2015

On-time repayments

211 installments  •  92%

About Me

I am aged 36 years old married to Judy Waruguru and a father of two boys called Ian Kamau and Melvin Irungu. I am second born in my family of four siblings. I lost my father in the year 2009 after being attacked by thugs and thus we were left with our mother to take care. I finished my O-level in the year 1996 and passed with a B minus grade. I expected to get and admission at a public university but unfortunately I didn’t manage. After two years at home, my parents struggled and enrolled me into a technical college to pursue a diploma in analytical chemistry. After graduating in the year 2001 I moved to Sinai slums in Nairobi which borders industrial area to start looking for jobs. I searched job for 2 years but in vain. I therefore decided to go back to the village to start all over again there. My mother borrowed for me KSh 50,000.00 from women groups so that I can start a small business. I returned to Nairobi now being focused to start a small business. In 2004 I started an M-pesa business within Utawala area and since then it had been supporting me well. Later last year I also started and equity agency to diversify and expand my business.

My Business

I operate a money banking services business notably Mpesa and Equity agency business. Mpesa business is run by the leading mobile subscriber in the county Safaricom whereby customers deposits and withdraws money and in returns your earn a commission at the end of the year. Your commission depends on the number of customers you have served and also the amount of money they have deposited or withdrawn. Other services I do is sim replacement to the customers who might have lost their sim. I also sell new Safaricom lines to new customer and also selling air time to customer. To maximize my profit, I lately I introduced and equity bank agency which operate more or less like Mpesa whereby you earn commission depending on the number of transactions you carry per month. In Equity agency, you also assist in account opening, paying bills and other banking services. In future if I get more funds, am intending to increase the number of banking service like KCB mtaani , Co-operative kwa Jirani agent and Family bank agency.

Loan Proposal

This loan will be used to add into operating float of the business. For you to operate optimally, one need to have a lot of cash and float so that when a customer come to deposit or withdraw, you are not going to tell him/her that you don't have money. That way they build trust in your business. Therefore, for now , my goal is to maintain and attract more customer by having good float.

Feedback

3

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$646.99

Date disbursed

Aug 29, 2018

Repayment status

On Time

Projected term

6 months

Lenders

J

johan

Oslo, Norway

A

anonymus

Moon, United States

R

Roman

Barcelona, Spain

M

mogensh

København V, Denmark

J

JakeA

Wellington, New Zealand

Namaste250

Pittsford, United States

R

Rking

Eugene, United States

hugomesser

Blokker, Netherlands

RckyMntFamily

Colorado, United States

JTShorty

Gorham, Maine, United States

S

smetis

Kananaskis, Canada

D

doublehelix

Philadelphia, United States

Evan Lamos

Brussels, Belgium

sderickson

Berkeley, CA, United States

D

drorm

United States

M

Mullagh

United Kingdom

K

Kber9156

North Parramatta, Australia

B

bscent

Hong Kong

T

Tim47

United States

M

me.iulian

Iasi, Romania

Voscke

Utrecht, Netherlands

KM

KHS Microfinance

Tampa, United States

Jonas

Switzerland

JC

JD Conley

United States

C

cota

United States

CNV

United States

MR

Michiel Rauws

San Francisco, Netherlands

F

Frits

Rotterdam, Netherlands

AK

Anita K

Maryland, United States

P

patricio

Yorba Linda, Ca, United States

J

Jason

United States

N

Nino

Switzerland

Arnaud M

Sydney, Australia

Thomas

Sweden, Sweden

Mr Chris Turner

Cambridge forever England, United Kingdom

R

Rolands

Taichung, Taiwan

B

Boris

Bern, Switzerland

SA

Steve A

Newbury, United Kingdom

Jes-c

United States

johannes

Taipei, Taiwan

MO

Mark Owens

United States

hervey liu

United States

Dean Suminski

Portland, Oregon, United States

E

ericb321

Republic of Korea

ED

Eunan Doherty

donegal ireland, Ireland

S

seahillpark

United States

KK

Kurt Kellner

United States

Salvatore Martello

New York, New York, United States

David Nash

Sydney, Australia, Australia

L

Liam

New Zealand

AH

Antioch House Church

Kansas City, Kansas, United States

Ronald Chua

Kuala Lumpur, Malaysia

petter

Finland

EL

edna l rauch

United States

SC

Samuel Clemente

Brooklyn, United States

Joshi

United States

MM

Mbali Mamba

United Kingdom

LL

Laura Loos

Netherlands

John Doe

United States

Cambium Foundation

Kirkland, United States

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

Please log in to comment.

  • Mathew    Jan 30, 2024

    Cash flow problem with due to decline in business performance

    Log in to reply • Share
  • Mathew    Nov 30, 2023

    The businesss performance went down due to the high taxation we are currently experiencing in the country

    Log in to reply • Share
  • Mathew    Aug 29, 2023

    The business returns is yet to pick due to economic hard times experienced in the country so far

    Log in to reply • Share
  • Mathew    Jun 28, 2023

    The business has not yet picked and initially when i was applying i thought the repayment will be in monthly installment and not repaying everything in one month.

    Log in to reply • Share
  • Mathew    Jun 28, 2023

    Dear Good lenders
    I have no words to express my sincere appreciation for you funding my project. May you be blessed abundantly. Am sure and believe this funding is going to have a big impact in my business. I want to assure you that i will endeavor to repay this loan on time.
    God bless you and cheers

    Log in to reply • Share
  • Mathew    Jun 26, 2023

    Dear Lenders
    Only one day remaining for loan application request. I kindly request you for you support before the deadline elapses.
    Kind regards

    Log in to reply • Share
  • Conrad    Jun 24, 2023

    goodluck

    Log in to reply • Share
  • Mathew    Jun 24, 2023

    Thanks dear lenders who have believed in my proposal and committed to fund. I will remain vigilant in paying the loan as i had demonstrated in the past. I also continue appealing for more funding to attain 100% before the deadline closes.

    Log in to reply • Share
  • Mathew    Jun 19, 2023

    Thank you for supporting me. Am appealing for further support form other lenders to make it reach 100% funding

    Log in to reply • Share
  • Mathew    Jun 14, 2023

    Dear Lenders.
    Kindly support my business by contributing to the loan i have raised

    Log in to reply • Share
  • Mathew    Jun 29, 2022

    The loan helped me to expand my business thus helping me improve my profit

    Log in to reply • Share
  • Mathew    Jul 26, 2019

    Kindly help me on how to claim my refund back.
    I have cleared my loan

    Log in to reply • Share
  • Mathew    Jul 26, 2019

    Dear Zidisha
    I have just paid my existing loan in full. Consequently, i write to request for the refund of my Membership Loan Fund. Attached is my an image of my ID
    Regards
    Mathew Kamau

    Log in to reply • Share
  • Mathew    Jun 27, 2019

    Am having some cash crunch in my business right now and therefore am not able to raise the current installment am paying

    Log in to reply • Share
  • Mathew    Feb 6, 2019

    Thank you lender for supporting me.
    The loan has been disbursed and i have immediately injected it into my business.
    I look forward to repaying it on time.
    Thank you so much.

    Log in to reply • Share
  • Mathew    Feb 5, 2019

    Dear Lenders
    I want to thank you for the support you had been giving me.
    Am happy that you have funded my loan request and i want to promise it will go for intended use for making a smooth running of my money business.
    Thank you so much

    Log in to reply • Share
  • Joshi    Feb 2, 2019

    Mathew, glad to contribute again to your loan. Wish you all the best.

    Log in to reply • Share
    • Mathew    Feb 3, 2019

      Thank you so much Joshi.
      I highly appreciate your support.
      Thank you so much.

      Log in to reply • Share
  • Mathew    Feb 2, 2019

    Thanks lenders for your funding.
    I appreciate your support

    Log in to reply • Share
  • Mathew    Jan 30, 2019

    Dear Lenders
    I have applied for a new loan with a purpose of further support in my business.
    The previous loan was very instrumental in my business growths since i have seen my commission increasing by 10%. If i successfully get funded for the new loan that i have applied i project more growth and good return. Kindly support me.
    Regards

    Log in to reply • Share
  • Mathew    Jan 26, 2019

    Dear Lenders
    Am happy to report i have successfully repaid my loan. The loan was of great help to my business since i have managed to sustain my operating capital. This has made me to retain and maintain my customers. Thank you so much for your help. Now am applying for another loan and i humbly request for your support.
    Regards

    Log in to reply • Share


Loading...

Loading...

Loading...