Inventory for money business

Mathew Kamau

Utawala-githunguri, Kenya

100% repaid

Entrepreneur

Name

Mathew Kamau

Location

On-time repayments

195 weekly installments  •  91%

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Your commission depends on the number of customers you have served and also the amount of money they have deposited or withdrawn.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

Once approved, the money will be used to do the following. 70% of the money will be used for maintaining float for the Mpesa and the banking agency. The remaining cash will be used to help to install a CCTV camera as a precautionary measure for thieves and conmen who are terrorizing business dealing with money services. This will build confidence both to me and my customers.

Feedback

3

None

None

  • Joshi    Jan 27, 2019

    Load paid off in time. Regular updates.

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  • Campbell    Sep 25, 2016

    Repaid in full on time. Well done.

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  • TomF925    May 9, 2016

    Mathew, good luck with your business. Mpesa is a nice example of the developing world leap frogging over the outdated ways entrenched in the developed world.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$776.62

Date disbursed

Feb 6, 2019

Repayment status

On Time

Projected term

5 months

Cost to entrepreneur

Service fee: $34.91

Credit risk payment: $209.47

Lenders

T

Tmann

Los Angeles, United States

tiziano

Arezzo, Italy

EricDWalters

Rochester, Mn, Usa, United States

R

Raabo

Rungsted, Denmark

investor

Candiac, Canada

C

chkuo

Taipei, Taiwan

BrassHat

Boston, United States

BelleStarr

Albuquerque, United States

cyrus0302

San Francisco, United States

AltruisticSelfishnes

Chicago, United States

DeanDropshot

Oslo, Norway

J

JeanSmith

Mercer County, United States

S

soren

Göteborg, Sweden

ErikN

Stockholm, Sweden

artnking

College Place, United States

L

ldron7

Utah, United States

Martin

Manama, Bahrain

A

anonymus

Moon, United States

Pere

Barcelona, Spain

johnandmoliehi

Canton, New York, United States

J

JakeA

Wellington, New Zealand

C

cjmenchaca

Austin, United States

BJ

Brandon Joz

North Carolina, United States

Joseph P. Edd

Seoul, Republic of Korea

C

codairem

Berkeley, United States

E

Elisa

Espoo, Finland

T

Timotte

WOLLONGONG, Australia

S

SelvaMarcus

Green Cove Springs, United States

G D Export

Kolkata, India

C

cflint

Springville, United States

B

Bavarian

Bavaria, Germany

L

Ladysmom

Dallas, United States

C

chrisherron

Chicago, United States

Sundstroms

Falun, Sweden

ElWal

Kirn, Germany

M

mrmrsw

Bournemouth, United Kingdom

trevbot

Montreal, Canada

Myrar

Aarau, Switzerland

Erica

Caledon, Canada

Cloudways

Malta, Malta

mossuto

Milano, Italy

saturn4peace

Porterville, United States

Jouni

Finland

S

SvenWaage

Stavanger, Norway

peanut

Halifax, Canada

B

bileiro

Mandaluyong, Philippines

klunpa01

Athens, Ohio, United States

ads68

Melbourne, Australia

J

janharg

Garland, Tx, United States

Christopher

Copenhagen, Denmark

B

Bluejay

Magrath, Canada

Ingela

Falun, Sweden

rfriedenberg

New Jersey, United States

P

Peksa

Espoo, Finland

ohlandtmann

Moorestown, United States

Eduard

Dnepr, Ukraine

L

leeirel

Edmonton, Canada

D

dweiner

Madison, United States

A

Andy

Berlin, United States

nakamura

United States

panamaman

Philadelphia, United States

B

bek88

Fairview, United States

fairspirit

Utrecht, Netherlands

I

ianb723

ROCHESTER, United States

nmatpt

Lisboa, Portugal

S

solarkismet

Logan, United States

RckyMntFamily

Colorado, United States

mortenmost

Oslo, Norway

Patrick

Berlin, Germany

U

UTLonghorn

Lincoln, United States

JTShorty

Gorham, Maine, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

C

caz32

chertsey, United Kingdom

D

Don100

Wilton, United States

F

Fish42

Fairfax Station, United States

O

olliepalmer

London, United Kingdom

W

WinWinNL

The Hague, Netherlands

Zal0m0n

Atlantis!!!! x), Mauritania

A

AndrewC

London, United Kingdom

B

Bokolo

Leeds, United Kingdom

A

aditsu

Tai Po, Hong Kong

S

Sreval

Manly, Australia

P

Pavane

Kungsbacka, Sweden

Lambie

Perth, Australia

JonB

London, United Kingdom

P

phoebius

Cambridge, United Kingdom

D

DelapierceD

New York, United States

ibc123

Seattle, United States

xtrahardware

Cazenovia, United States

S

SAJudy

Argenta, Canada

M

markus61

cologne, Germany

O

ormung13

Christchurch, New Zealand

mikeice

Kohler, United States

Evan Lamos

Brussels, Belgium

G

GreenMoney

Lahr, Germany

G

GanSatya

United States

R

RohitSingh

Montreal, Canada

L

liseman

United States

sderickson

Berkeley, CA, United States

G

GoughGirl

Washington, Dc, United States

E

elhh82

Petaling Jaya, Malaysia

Z

zvrk2014

Brookline, MA, United States

pvilliger

Zurich, Switzerland

J

Jonas

Linköping, Sweden

ColinHicks

Chichester, United Kingdom

L

lenders

United States

X

xavier

Toronto, Canada

R

Russell81

United States

J

jackdupee

United States

R

richardbrewster

United Kingdom

bb4dogs

United States

joshuacollinson

Vienna, Austria

trincowski

Vilar, Vila do Conde, Portugal

S

sarah4d2

Saint Louis, United States

mepster

San Francisco, Ca, United States

R

RonEddy

United States

A

Amengan

Netherlands

B

bscent

Hong Kong

A

AnnaLou

Switzerland

V

vbud

United States

W

wesbh89

United States

Laparo

Dusseldorf, Germany

J

JonAlec

United States

F

factotums

United States

Grant Xavier Storer

Seattle, Wa, United States

ThomasJosef

Berlin, Germany

Loungin

United States

S

satheajay

United States

C

ColoradoSkier

Denver, United States

SV

sven vdk

Twickenham, United Kingdom

B

beegkitty

United States

Andrew267

Birmingham, United Kingdom

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

KM

Kirsty M

United Kingdom

Sara

United Kingdom

S

Sven

Netherlands

Frank Termathe

Frankfurt Main, Germany

SE

Sven E

Mannheim, Germany

P

PC

United States

Jeroen Decock

Gent, Belgium

Dave Bogard

New York, United States

Karijn

Amsterdam, Netherlands

Family Mueller

Petershagen, Germany

R

Robert

Berlin, Germany

SMOICE

Berlin, Germany

MW

Matt Willis

United States

Katie McGowan

United Kingdom

Jake Badger

Roskilde, Denmark

Lou Kaucic

Sanbornton, NH, United States

CN

Cyprien Noel

United States

JK

Hamburg, Germany

Julia

United States

Kevin

San Francisco, United States

JC

JD Conley

United States

MG

Meron Gribetz

United States

KL

Ket Lin

United States

C

cota

United States

YM

Yelka Mikolji

United States

Z

zaroastra

somewhere over the rainbow, Portugal

PT

Paul T

Amsterdam, Netherlands

TH

tom hd

United Kingdom

MR

Michiel Rauws

San Francisco, Netherlands

Carla

Amsterdam, Netherlands

Pedro R-C

Cambridge, United States

Mark Grey

Redding, CT, United States

AH

ajay hampapur

United States

N

Nick

United States

R

Ryan

United States

Elise E

United States

Rick

United States

SA

Shar Alamdari

Los Angeles, United States

M

Mark

Toulouse, France, France

D

Dalton

San Francisco, United States

HCPSPIRIT

Helsinki, Finland

JF

J Fister

United States

R

RMIM

United States

Tyler Metcalf

Utah, United States

AM

Andy Marston

United Kingdom

A

apolet

United States

PA

Peter A

New York City, United States

J

JB

Germany

K

Kindra

USA, United States

DO

Denis Ontiveros

Guildford, United Kingdom

We Not Me

St. Paul, Minnesota, United States

Joshi

United States

R

RM

Australia

KM

Karen Marshall

Alice Springs, Australia

Girolamo Marroccoli

Basel, Switzerland

D

David

United States

LT

Lisa Taylor

California, United States

H

hayeswmiller

United States

M

MFarrell2008

United States

EA

Eric Ayers

Atlanta, United States

M

Mika

Switzerland

Peter Collins

Darmstadt, Germany

Philippe Nadouce

London, United Kingdom

Andrew

United States

B

Bram

Germany

Nathan

Columbus, United States

RS

Ralph Smyth

United Kingdom

GF

Gammon Family

United States

J

Julia

Germany

SS

Sean Sullivan

Austin, TX, United States

E

eoghan

Switzerland

M

mhuuden

Netherlands

Ask Mathew 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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