Line replacement cards and recharge cards
Daniel
Nairobi, Kenya
$0 to go
100% funded of $19 goal
0
days left
Entrepreneur
Name
Daniel
Member since
November 2017
On-time repayments
15 installments • 53%
About Me
Am Daniel Mwangi ngamate, am 27 years old I live in Nairobi Roysambu. Am a married man with one child. I come from Eldoret that's where I attended both my primary and secondary education.
I was not able to further my studies due to luck of finances I came to Nairobi in the year 2013, I started doing manual jobs to make ends meet. After doing this for a while I was able to save enough to enable me start a small small business. I ventured into money transfer business, both Mpesa and airtel Money.
My Business
I run a small shop where I offer Mpesa and airtel Money services to clients, I also sell recharge cards, do line replacement and sell cheap mobile phones.
as for the money transfer service I rely on commission, the more transactions I make the profit I make, for Mpesa services I make 15%profit for every deposit I make and 12% profit for every withdrawal done, in the case of Airtel_Money there's a 10% commission on every transaction I do. For line replacement I make a 20% profit per a line and for recharge cards I make 5% profit from every card I sell.
I also run a small grocery shop adjacent to my shop, I sell fruits, tomatoes and onions this to ensure I make ends meet and try to utilise all my resources as possible.
the challenge am facing at the moment is that I have a limited float, at times I miss on clients simply because I don't have enough float to do money transfer, it's my sincere hope that this platform will help me lift my business to another level.
And I promise to work hard to achieve all my goals in life.
Loan Proposal
Hello lenders, I would like to great you, it's my sincere hope that you are doing well, I would to request a loan to help me increase the stock of replacement lines and recharge cards, I buy a replacement card at 0.5 dollars and replace it for 1 dollar making a profit of 0.5 dollars, for the airtime recharge cards I get a profit of 5% for every card I sell.
I will use 10 dollars from the 18 dollars to buy replacement cards and the 8 dollars I will invest it in airtime. Kindly fund my loan to help me grow my business. Thank in advance and may God bless you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$19.00
Date disbursed
Jan 20, 2018
Repayment status
Late
Projected term
7 weeks
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Margaret Jun 26, 2018
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