Loan to stock airtime credits for sale

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 need to continue using this loan to sell airtime cards in my shop for both safaricom airtel and telecom

2000- 100 shillings airtime cards
2500 - 50 shillings airtime cards
1500- 20 and 10 shillings airtime cards

Total 6000 Kenyan shillings

Income Source

Where my busines is loacated we are going on with business. I am operating as usual since my area is not under lockdown.
This business has reduced abit since people have reduced their spending. But they are communicating and they therefore need this talk time to bebable to communicate.
So I can say as for me am on with business

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$47.23

Date disbursed

May 5, 2020

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $3.98

Credit risk payment: $6.76

Lenders

S

Staf

Humbeek, Belgium

John Minges

United States

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