M-pesa business (mobile money transfer)

Daniel Wakhungu

Kitale, Kenya

100% repaid



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

First, i want to thank you all my Zidisha lenders for the help you have continued giving to me. It is realy helping my business to move to the next level.
For this loan, just like all my other previous loans, i intend to invest it in my business working float so that i can effectively be able to facilitate mobile money transfer services for my customers who need to make deposits or cash withdrawals from my Mpesa outlet.
For this business, every customer earns me a commission and thats why its my prayer that i serve as many as possible and avoid situations where i have to turn away customers due to lack of enough funds. And thats where you my Zidisha lenders have greatly been assisting me, the monies you have been lending me helps boost my float and makes me able to serve my customers, which inturn translates to better commissions at the end of the month.
Over the past few months, your loan has helped me earn commissions at 40% more than what i was previously earning, and i am projecting that if granted this loan, my earnings will improve to 50% more.
Thank you lenders, i look forward to a succesful processing of this new application.





Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

Jul 12, 2017

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Service fee: $3.74


Paul Buchheit

Mountain View, United States

Ask Daniel a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.