M-pesa

Daniel Wakhungu

Kitale, Kenya

84% repaid

Entrepreneur

Name

Daniel Wakhungu

Member since

February 2017

On-time repayments

128 installments  •  44%

About Me

Hello Lenders, my name is Daniel Barasa, a young graduate striving to better my life through self-employement, i am a very determined person, self motivated and very hard working, i am a graduate of Business education and as i continue looking for employment, i have started am Shop and M-pesa business with which i have been earning my income. I wish that my business grows to become even a company someday, and it is because of this dream that i am looking for extra finances so that my business can be able to run smoothly and serve my customers even more efficiently, so i hope you lenders consider me and walk with me through this journey. I promise you that i will invest this funds properly and will keep repaying my loans on time. And i also promise that incase of any unforeseeen difficulties, which i hope will not arise, i will sincerely log in here and explain. One day, i will look back and say, yes! Zidisha realy helped me and held my hand to grow in business. Thank you in advance as you consider my application.

My Business

I run a Shop and M-pesa business, M-pesa is a mobile money transfer service in kenya offered by Safaricom. This business needs me to have sufficient float in order to serve my customers well in terms of accepting customers deposits and facilitating of withdrawals. the funds you loan me will therefore be invested in the business as float to help me run smoothly. I have also introduced a Shop in my M-pesa so that as customers withdraw funds from their mobile wallets, they may also shop for the items and commodities that they need. The shop section for now is mainly dealing with fast moving commodities such as sugar, salt, soap, flour, cooking oil, body lotions and oils, rice, detergents, etc. Am hoping that as i keep moving forward with Zidisha, i may introduce even more commodities.

Loan Proposal

I will invest the money in my float so that i can serve even more customers in terms of accepting customer deposits and facilitating withdrawals. Mpesa is a mobile money transfer service that enables customers to send and recieve funds, an mpesa sub-agent like me therefore opens an outlet where such transactions can be done, i facilitate customer deposits and withdrawal of funds through mobile money. i therefore need to have enough capital so that i can be able to maintain my cash and float levels to enable me run smoothly so that it doesnt happen that a customer visits my outlet to either withdraw or deposit funds and i turn them away due to lack of float, i therefore need all the help i can possibly get from lenders like you who understand that most youths despited being educated are unemployed, and that a few like me have decided to take the challenge upon themselves and set up small businesses so that income can be earned, financing my business will put it at a good place to serve customers efficiently and not turn any of them away because of float running out. I will therefore invest any funds you lend to me solely for float purposes and will make sure i keep my payments timely so that my limit grows even higher and i am able to serve even more customers. my business is located at a very strategic place at Mailisaba market, about 10kms to/from kitale town, kenya, along the kitale-eldoret highway.
Thank you im advance as you consider lending me this second loan.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$6.07

Date disbursed

Apr 4, 2017

Repayment status

Late

Projected term

4 weeks

Cost to entrepreneur

Service fee: $0.26

Lenders

MR

Michiel Rauws

San Francisco, Netherlands

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

A

Anonymous

United States

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