Loan to start m-pesa mobile-money transfer-agent services

Samwel Kihara

Kangemi, Kenya

100% repaid

Entrepreneur

Name

Samwel Kihara

Location

Kangemi, Kenya

On-time repayments

303 weekly installments  •  80%

About Me

I was born in Nakuru, the rural part of it called Bahati area. I went to school there growing up in the rural part of Nakuru. Life was a different experience because my family did not have much in terms of money, so going to school was a struggle: my fees were never paid on time, and I didn't even have enough exercise books to write in, so I would use one book for two subjects. I used to mix English and maths in one exercise book: I would start maths from the front page and English from the back, and when the teacher asked why, I explained but they said that is unacceptable, so I would pluck some pages out to recreate another book, or I would borrow pages so that I would create into an exercise book.

We only had one school in the neighborhood that was a government school. For me, it was 8 km away going and coming back home, so I walked 16 km a day for over 14 years. When it was raining that was the most difficult time: no shoes, no umbrella, so I used to cover myself with a hard nylon paper or sack.

My Business

My business is a dairy shop. In Kenya, we have two types of milk: the one that is packed at the factory and the one that is sold straight after milking the cow. This one is for the people who are not well up financially.

In Kangemi, a slum in the outskirts of Nairobi, I have a a kiosk called Hassam Milk Shop. From here, I sell milk in small quantities. Ninety-eight percent of slum dwellers cannot afford packet milk, so they buy milk in small quantities. To get my stock, I have to wake up at 4 a.m. in the morning, go to Limuru (which is more than 10 km away), and get back by 6 a.m. to open my shop, which is along Hinga road.

I have faithful clients who never disappoint me: they buy from me because of the quality of the milk. I got into this business after I got stuck in college. I didn't have money to pay my college tuition fee, but this business got me back on my feet. The profits I make go back into the business. They also help me pay the shop's rent, my house rent, my son's fees, and I also depend on them for a livelihood.

Loan Proposal

My milk shop supplemented with egg business is doing considerably well and i have identified that starting an Mpesa business in the same premises will do wonders

With the help of the loan plus the savings i have, i will do branding at a cost of Ksh 5,000(48.31 US dollars),make a deposit for Ksh.35,000 (338.16 US dollars) Float and keep Ksh. 20,000 (193.24 US dollars)for cash transactions.

Mpesa involves depositing, transferring and withdrawal. The more transactions you have the more commission you get.

I project my commissions to get to not less than Ksh.10,000 (96.62 US dollars) per month. My customers will enjoy multiple good quality service. The gradually increasing profits will go into savings and will also help me improve my livelihood and pay school fees for my sister in law who is in form two.

Thank you in advance.

Show original English  

About Me

I was born in Nakuru the rural part of it called Bahati area, i went to school there growing up in the rural part of Nakuru. Life was a different experience because my family did not have much in terms of money, so going to school was a struggle, my fees was never paid on time, i didn't even have enough exercise books to write in, i would use one book for two subject, i used to mix English and math in one exercise book, i would start maths from the front page and English from the back, and when the teacher asked why, i explained but they said that is unacceptable, so i would pluck some pages out to recreate another book, or i would borrow pages that i would create into an exercise book , and we only had one school in the neighbor that was a government school for me it was 8 km away going and coming back home i would walk 16 km a day for over 14 years, when it was raining that was the most difficult time, no shoes, no umbrella, used to cover myself with a hard nylon paper or sack.

My Business

My business is a dairy shop, in Kenya we have two types of milk the one that packed at the factory and the one that is sold straight after milking the cow,this is for the people who are not well up financially. In kangemi, a slum in the outskirts of Nairobi, i have a a kiosk called Hassam Milk Shop, from here i sell milk in small quantities.Ninety eight percent of slum dwellers can not afford packet milk so they buy milk in small quantities, To get my stock, i have to wake up at 4am in the morning go to Limuru which more than 10 km away and get back by 6am to open my shop which is along Hinga road. I have faithful clients who never disappoint me they buy from me because of the quality of the milk. I got into this business after i got stuck at in college i didn't have money to pay my college tuition fee, this business got me back on my feet, The profits i make go back into the business. They also help me pay the shops rent, my house rent,my son's fees and i also depend on them for a livelihood.

Loan Proposal

My milk shop supplemented with egg business is doing considerably well and i have identified that starting an Mpesa business in the same premises will do wonders

With the help of the loan plus the savings i have, i will do branding at a cost of Ksh 5,000(48.31 US dollars),make a deposit for Ksh.35,000 (338.16 US dollars) Float and keep Ksh. 20,000 (193.24 US dollars)for cash transactions.

Mpesa involves depositing, transferring and withdrawal. The more transactions you have the more commission you get.

I project my commissions to get to not less than Ksh.10,000 (96.62 US dollars) per month. My customers will enjoy multiple good quality service. The gradually increasing profits will go into savings and will also help me improve my livelihood and pay school fees for my sister in law who is in form two.

Thank you in advance.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$440.40

Date disbursed

Feb 22, 2017

Repayment status

On Time

Projected term

6 months

Cost to entrepreneur

Service fee: $19.84

Lenders

T

Tmann

Los Angeles, United States

C

CWS

Huntington beach, ca, United States

Feldborg

Stuttgart, Germany

C

Christian

Saarbruecken, Germany

Elinor

Maple Lake, MN, United States

torelizer

Reggio Emilia, Italy

D

dkapplerb

Toronto, Canada

J

JLewe

Atlanta, Georgia, United States

cyrus0302

San Francisco, United States

AltruisticSelfishnes

Chicago, United States

NhinSD

San Diego, United States

DeanDropshot

Oslo, Norway

C

cgrumboski

Atlanta, United States

O

Oxfall

Gothenburg, Sweden

T

Tec69200

Jacksonville, United States

Kjartan

Oslo, Norway

Ambrose

Calgary, Canada

F

FHult

Stockholm, Sweden

T

Tallago3

Munich, Germany

R

Roman

Barcelona, Spain

Pere

Barcelona, Spain

johnandmoliehi

Canton, New York, United States

RemyWay

Phoenixville, United States

L

lped759

Saint Paul, United States

C

cjmenchaca

Austin, United States

BJ

Brandon Joz

North Carolina, United States

R

rmacaw

Australia

Jeff and Marcie

Portland, OR, United States

Apmay

Melbourne, Australia

Sister

Kongsberg, Norway

J

Jennifer

Minneapolis, United States

G D Export

Kolkata, India

T

tmsaddress

Orlando, Florida, United States

TheMoonDuster

Brisbane, Australia

C

chrisherron

Chicago, United States

tasos

hove, United Kingdom

G

graememoss

Amsterdam, Netherlands

athomas

Chevy Chase, United States

Los Wade

United States

D

duckdork

De Forest, United States

Cloudways

Malta, Malta

AdvancingCompassion

San Diego, United States

A

argos

Zurich, Switzerland

ads68

Melbourne, Australia

P

Prysdahl

Marshall, United States

D

DThirteen

Miami, United States

S

Scodeb123

Huntsville, United States

Christopher

Copenhagen, Denmark

OlyRhys

Olympia, United States

E

eboleaga

Mexico City, Mexico

rfriedenberg

New Jersey, United States

E

erogers

Vancouver, Canada

HMS_5th_Grade

Honolulu, United States

mrgonzalo

San Francisco, CA, United States

A

Adam3333

Hague, Netherlands

nakamura

United States

K

KnutG

Bergen, Norway

TimK01

gfhj, Moldova

Robert D

Houston, United States

ShaneS

Port Pirie, Australia

G

Goldrivermob

Gold River, Canada

M

Marod

Edmonton, Canada

JPadgett

Chandler, United States

Anto82

Eraclea, Italy

Zal0m0n

Atlantis!!!! x), Mauritania

H

HobbyCollector

Beach City, United States

gseletko

South Perth, Australia

L

Leonora

TÄBY, Sweden

P

Pavane

Kungsbacka, Sweden

S

Spelbreker

Zwijnaarde, Belgium

D

doublehelix

Philadelphia, United States

dmirpuri

Bangkok, Thailand

xtrahardware

Cazenovia, United States

Genady

Münich, Germany

lizandsteve

guelph, Canada

E

E

Marin county, United States

H

happytrailsjpd

South Bend, United States

C

Clben7

Cincinnati, United States

B

Berkeley100

Berkeley, CA, United States

M

martyb

United States

C

chriscoder

United States

D

DCLending

United States

X

xavier

Toronto, Canada

Paul Buchheit

Mountain View, United States

M

merk85

United States

joshuacollinson

Vienna, Austria

K

Kimbo

Vietnam

larry

Sweden

M

mjgoldsmith

United States

TyWee

Manila, Philippines

D

Desteli

United States

Loungin

United States

S

sarahb

United States

A

AlexH

United Kingdom

M

Medagan

San Franciso, United States

utdream

United States

L

LondonTown

United Kingdom

F

frenchy

United States

C

Crainster

Chapel Hill, United States

PolarBearCapital

United States

H

happyhappy

Switzerland

F

Foster

United Kingdom

Kyle Hoback

Jersey City, NJ, United States

A

andreab

United States

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

Peter R

Fulda, Germany

S

Sven

Netherlands

UN

Uwe Neumann

Frankfurt Germany, Denmark

P

PC

United States

Jeroen Decock

Gent, Belgium

P

Philipp

Munich, Germany

R

Robert

Berlin, Germany

Greg Howard

Reno, Nv, United States

MD

Miles Dodge

CORVALLIS, United States

MW

Matt Willis

United States

W

Wade

United States

JD

Jo Dane

Melbourne, Australia

PC

Patrick Clavette

Hartford, Wisconsin, United States

JM

John Meserve

United States

JA

Jared Anthony

CT, United States

Lou Kaucic

Sanbornton, NH, United States

ES

Ed Sikorski

United States

E

erica

antwerpen, Belgium

CN

Cyprien Noel

United States

ME

Mike Engsberg

United States

S

Susie

Christchurch, New Zealand

JC

Jethro Carr

Wellington, New Zealand

Max Lettenberger

Madison, WI, United States

Kevin

San Francisco, United States

M

Marc

Newcastle upon Tyne, United Kingdom

KD

Kent Don

United States

MG

Meron Gribetz

United States

MM

Marshall M

United States

JD

Jeff DePree

United States

YM

Yelka Mikolji

United States

kristina

Dneprodzerginsk, Ukraine

George

Corvallis, Oregon, United States

Urszula

United Kingdom

CNV

United States

TH

tom hd

United Kingdom

P

Paul

Netherlands

S

Sharon4B

Molalla, Oregon, United States

PG

Paul Graham

United States

Sonya Forrester

United States

N

Nick

United States

Aran Dunlop

United States

Douglas St Quintin

Sydney, Australia

Shawn Stice

Kansas City, Missouri, Central Region, United States

Christopher Hey

Sudbury, Canada

Taylor

Memphis, United States

B

Bramlage

United States

Gabriel Fenili

Santo André, Brazil

TW

Tyler Wood

United States

KE

Karen Epolito

Syracuse, NY, United States

V

Vidar

Oslo, Norway

P

Phips

Switzerland

RC

Rudi Chen

United States

Carla

United States

JB

John Brown

United States

J

Jo

United States

V

Vasil

Belarus

JA

Jan Andresen

Hamburg, Germany

SM

Sachet Marion

United States

K

KH

United Kingdom

E

Elle

New York, United States

MJ

Morgan Jones

United States

RE

Richard Ellis

United Kingdom

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Benjamin Kniaz

Boston, United States

SH

Stephanie He

United States

Humble Bundle Community

San Francisco, United States

chessplayer

Berlin, Germany

D

Dalton

San Francisco, United States

HCPSPIRIT

Helsinki, Finland

GS

Gary Sinard

Franklin, TN, United States

ED

Eunan Doherty

donegal ireland, Ireland

A

Anonymous

United States

MS

Merel S

Netherlands

JS

James Stuber

United States

J

Jakub

Czech Republic

M

Mack

Harbor, Oregon, United States

KR

Kathryn Roach

United States

D

David

United States

WC

Walter Clarke

Phoenix, United States

B

Brian

Rancho Cordova, United States

W

Will

United States

Paul Buchheit

Mountain View, United States

Bryce Bow

Bloomington, In, United States

A

Abby

London, ON, Canada

J

Judd

United States

afaness

Germany

DM

Darin MacRae

United States

John Barnett

United States

Mark Rowlatt

Peterborough, UK, United Kingdom

R

Rachel

United States

SS

Sam Smith

United States

Ask Samwel 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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