Loan for M-Pesa mobile-money services

Mercy Mugure

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Mercy Mugure

Location

Nakuru, Kenya

On-time repayments

238 weekly installments  •  56%

About Me

My names are Mercy Mugure Kimani. I'm married and have 3 children. I was born in Kiambu district in the Kiambu county which was in the former Central province. This is about 50 miles from Nairobi.

I went for early education near my rural home, which is just a walking distance and this was so good as I did not get tired going to school, unlike my counterparts.

Later I went to a school in Nairobi, Uthiru Girls high school, and after my form 4 exams, I joined a college in Nairobi to do my study in Front Office & Housekeeping.

I got married in the year 2010 and relocated to my current township of Nakuru which is 130 miles south of Nairobi.

My Business

I have been practising horticulture with my 5th loan and am happy to let you know that it was a wise decision.

Farming is not only a passion that I have, but the challenges and the ability to oversee crops from seeds to maturity and finally selling them and earning brings lots of excitement.

The farming I was doing was overhead irrigation which has it's own shortcomings, but on the other hand the profits are big. Within the first 6 months, I had started realizing profits upto 80% more.

This is the reason I want to move to a more intesified Greenhouse farming which is more productive and harvest are bigger hence the projected income will definitely double in the next half year.

Loan Proposal

In my boutique and salon business described above, I have a space which I wanted to included a Mobile money transfer business known as MPesa in Kenya.

Mpesa is a mobile money services through phones where customers can deposit or withdraw money.

It has a good commission which is paid out promptly at the end of every month and an idea struck me because, my shop is located in a business centre which also happens to be a boarding place for public transport vehicles.

Alot of people have been asking me if I offer Mpesa services but I have not been able to have the capital to start.

It is my humble appeal that with lenders like you, this dream of having my own Mpesa will now be realised. I will start with a little float and continue slowly but surely and I am sure God will sustain my business.

The loan requirements are:-

1) Small phone...................................................$20
2) Painting Mpesa logo....................................$5
3) Float for Mpesa............................................$1600

With Mpesa and my other boutique and salon business, I am sure that my business will move to the next level. T

Thank you and I trust that you will kindly lend my project.

Mercy Mugure.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$170.00

Date disbursed

Aug 24, 2016

Repayment status

On Time

Projected term

6 months

Cost to entrepreneur

Service fee: $8.50

Lenders

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BelleStarr

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sebastienrosa

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indeh

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Eindhoven, Netherlands

Evan Lamos

Brussels, Belgium

Paul Buchheit

Mountain View, United States

Craig Newmark

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The Zinc Team

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Humble Bundle Community

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A

Anonymous

United States

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