M pesa and sell of mobile phones

Geoffrey Nyankiri

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Geoffrey Nyankiri

Member since

September 2014

On-time repayments

264 installments  •  93%

About Me

i am Kenyan citizen aged 25,married with one child am proffesionally technician at locoal company.i finished my O leveal education and obtained a better grade and decided to join a local college of which i managed to do my diploma course.one year down the line i got a job in a local company,while in this company i managed to raise some money and decided to start up a business.being an employee in this company i gained alot of exprience in which it helped me to be forcused in life and have a postive attited toward life.sir its to my pressure to let you know that i straight forward man who always belive in posibbilty in day todays life.i like reading and travelling.

My Business

Sir,as i stated,from the small revenue i genarated while working with the said local company,i started a small kiosk new a matatu stage in Nakuru town .i this kiosk i sell plastic sodas,bescuits,nuts,afia juice and cones.I operated the kiosk for the first three months and realised that Mpesa services was in demand.due to this i managed to get a Mpesa sim card in which its realy doing good.
Sir,the introduction of that service to that kiosk affected me in terms of capital.i invested $300 to that new service andits doing really good despite the fact that i work undercash.
I decided to introduce this kind of service due to customer's demand.In a monthly commission,safaricom the main provider can give me total of $40 per month.out of this am apple rs

Loan Proposal

As i receive the said loan i will purchase mobile accessories to my kiosk and other communication materials.
should any amount remains, i will add up to my mpesa till account to enhance proper and convenient services to my customers.
In this proposal am expecting to earn 300 Kenyan shilling profit per day out of which i will use it to pay for my loan and cater for day activities.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$91.15

Date disbursed

Jan 4, 2015

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Lender interest: $91.15 at 8.54% annual rate over 2 months = $1.50

Service fee: $0.65

Lenders

A

Austrian

Graz, Austria

bryancain

Toluca Lake, United States

K

Kerrisdale

Guernsey, United Kingdom

A

arwaandali

Ottawa, Canada

O

ommthree

Egg, Switzerland

A

angie42

Clinton Township, United States

G

Graceanne

milwaukee, United States

L

Leechy

Toronto, Canada

J

Jcamp94

Gadsden, United States

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