Opening M-pesa service

Alex Juma

Nyahera, Kenya

100% repaid

Entrepreneur

Name

Alex Juma

Member since

January 2017

On-time repayments

152 installments  •  22%

About Me

I am Alex Otieno Juma, 27years old, Kenyan by Nationality a Health Records and Information Officer at Nyahera Sub County Hospital. I have extensive experience in Hospital setup having worked at Cost Province General Hospital, Likoni Sub County Hospital, Tudor Sub County Hospital, Jaramogi Oginga Odinga Teaching and Referral Hospital and Kisumu County Hospital. Have also worked as Part-Time Lecturer at Thika School of Medicine and Health Sciences.

Was born in a family of 5. Being their first born, I had to work hard for I had many dependents, this includes but not limited to my mum and siblings. My dad died 2001, I was discouraged and dint see reason to live then. Was able to study by the support from my friends and sponsor from Italy Andrew McMillan and his wife Roberta McMillan and through them I am educated.

When I was in college (Kenya Medical Training College), I had issues with school fees and this is the time I initiated my first business (Mobile Phone Repair). Through this I was able to raise some portion of the tuition fee and upkeep also friends could help me organize fundraisers. I graduated 2015 and there after started working as Cyber Attendant I was able to learn more there and from there I got my first employment in the Ministry of Health. Despite this I still felt the need to have a business running so I took a loan and bought a Motor Cycle which is currently giving me KES 1800 (18 USD) every week. Am glad I was able to employ someone who use it to transport people and pay himself. He gets around KES 30000 (USD 300) every month. Its my plan to add more motor cycles and I believe with Zidisha I will have like 5-10 of them this will give me around KES 9000-18000 (USD 90-180) on weekly basis that's KES 270000-540000 (USD 2700-5400) per month in the ratio of 5-10 motor cycles. Am glad my layers are doing well following zidisha support.

My county Kenya is dry. I come from Nyanza Province with unique cultures. I really enjoy so much of adventure, mountain climbing, and visiting places but above all am very creative at my free time that's all I do and as at now have created lots of databases, programs and websites. ITS MY HOPE TO ONE DAY COME UP WITH AN IDEA WHICH WILL SHAKE THE WORLD. Something so helpful to the whole Universe.

My Business

Apart from employment as Health Records and Information Officer giving me gross of 28755KES or 287.55USD and a net of 21755KES or 217.55USD, I also invested on transport sector, I was able to buy myself a motor cycle from a loan given me from my salary account though it was very expensive due to high rates but I cleared it and now my motor bike is giving me 7200KES or 72USD on a monthly basis. Not leaving behind zidisha, I am able benefiting from previous zidisha loan of 34000KES or 340USD approximately which enabled me start an M-Pesa and also layers business.

I was able to land on this businesses since its quite hard to travel within the area of my locality since not all areas there are penetrable by motor vehicle and so was the need for this kind of investment, I wish to add more motor bikes. I also chose to operate M-Pesa business to enable people within my area to easily withdraw money sent them through the service and also send money to their families and friends since it was earlier hard doing so for they had to walk 3kms in order to do so. CURRENTLY AM LOOKING ON STARTING A FREELANCING FARM AS I STUDY TOO and forms the basis of my loan now.

With the amount I receive from my businesses am able to educate my siblings who were left behind since death of my dad, I also provide for their needs and mine as well and boost the business not for geting to put aside something little for saving.

Loan Proposal

Dear lenders, My dream I believe is finally here, I have many times admired to be an M-Pesa Agent and finally here I am going to be one. Out of 32,200 KES loan that will be disbursed in my M-Pesa account, I will buy M-Pesa Agent Till at a cost of 18000 KES (180 USD), I will then pay M-Pesa Shop Rent which is 1500 KES (15USD) per month, and the rest of the fund 12200KES (122USD) be deposited to the bought M-Pesa Till as Float for the start of transactions. This then will mean the business has kicked off.

This will translate everything to approximately 16000KES (160USD) profit ( Commission from Safaricom every month) meaning my earning will now have increased from 24500KES (245USD) Employment Salary, Plus 7200KES (72USD) Motor Bike Income which sums to 31700KES (317USD) to 47700KES (477USD).

Thank you already Zidisha Team.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$339.12

Date disbursed

Jun 21, 2017

Repayment status

On Time

Projected term

6 months

Cost to entrepreneur

Service fee: $14.26

Lenders

M

marvin24

Giessen, Germany

AltruisticSelfishnes

Chicago, United States

Ambrose

Calgary, Canada

H

hwwijono

Jakarta, Indonesia

Apmay

Melbourne, Australia

A

AlexCheng

Seattle, United States

Krtecek

Balzers, Liechtenstein

Tavin

Ottawa, Canada

S

SvenWaage

Stavanger, Norway

Andreas Kiss

Vienna, Austria, Austria

A

Andy

Berlin, United States

nakamura

United States

M

Moonknight

Østre Gausdal, Norway

gseletko

South Perth, Australia

P

Pavane

Kungsbacka, Sweden

H

Habroukema

Austin, United States

Sodermansb

Raleigh, NC, United States

mikeice

Kohler, United States

D

docrose1868

United States

T

tomcat14

Brussels, Belgium

R

roozbeh

United States

Paul Buchheit

Mountain View, United States

S

sarah4d2

Saint Louis, United States

T

thenwhen

United States

J

jsbisa

New Orleans, Louisiana, United States

B

bscent

Hong Kong

D

Desteli

United States

K

Keith

Luxembourg

A

andreab

United States

matt carroll

London, United Kingdom, United Kingdom

J

Joas

Hannover, Germany

PP

Pasi Paajanen

Helsinki, Finland

MI

Matt Insler

United States

JC

JD Conley

United States

Pedro R-C

Cambridge, United States

Arend Thorp

Brooklyn, NY, United States

jo

Los Angeles, United States

RG

Ravi Gadad

United States

SA

Shar Alamdari

Los Angeles, United States

J

jennie

Guatemala

Craig Newmark

United States

The Zinc Team

San Francisco, United States

MO

Mark Owens

United States

WS

Warren Shen

United States

Humble Bundle Community

San Francisco, United States

R

Ralf

Germany

RG

Ryan Gough

United States

Jean Wren Chan

United States

EC

Edward Conrads

San Francisco, United States

Paul Buchheit

Mountain View, United States

E

Eric

Canada

AS

Andreas Schäfer

Basel, Switzerland

SS

Sandi Smith

Pimpama. Queensland, Australia

A

Anonymous

United States

afaness

Germany

BN

Bence Nagy

Czech Republic

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

HB

Hugo Boss

United Kingdom

A

Anne

United Kingdom

MB

MW Brown

United Kingdom

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