Loan to buy and sell airtime in my shop

Onesmas Mbuva

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Onesmas Mbuva

Member since

April 2020

On-time repayments

41 installments  •  51%

About Me

I am Onesmas Mutuku, a young hard working man born in Ukambani. I did my primary schooling in rural ukambani before i joined secondary school in Nairobi. I completed high school, and later did a diploma course in purchasing and supplies management.
I started my business from the small money I borrowed from my father who is craft man.
I started selling second hand clothes and later opened a small shop which I run up todate.

I am married with one daughter.

I like the town I live in because its a populated town there fore making it good for business.
Mostly am free on Sundays , I go to church, visit my friends and go out to have fun with my family

My Business

I currently run a small shop where I sell household goods and a Mpesa business.
My business in located in a residential area, I there fore sell things such as rice, sugar, cooking oil, bottled water, airtime, and mpesa business.
The typical cost of my business is the cost of stocking and cash money to run Mpesa.
I use my profit to restock, pay rent and feed my family

Loan Proposal

I find the business of buying and selling airtime in my shop very Lucarative. i there for need a small loan of 2000 Kenyan shilling to buy safaricaom and airtel airtime.

With this money I can add to what I have to sell airtme and make a profit of 500 shilling a week.
This is where I need to start.


500-Airtime card of 10 shillimgs
1000- Airtime cards of 20 shiilings
2000- Airtime cards of 50 shillings

Income Source

I currently dont have any risk

Feedback

1

None

None



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Loan Info

Project Type

Classic Loan

Disbursed amount

$16.34

Date disbursed

Apr 13, 2020

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $1.37

Credit risk payment: $1.64

Lenders

Paul Buchheit

Mountain View, United States

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