Equipment for mobile phone payment transfer center

Vincent Kiplangat

Rongai, Kenya

18% repaid

Entrepreneur

Name

Vincent Kiplangat

Member since

January 2013

On-time repayments

75 installments  •  25%

About Me

I was born in Rongai town and later traveled back to make village which is three kilometers from Rongai town,I joined my primary education at Gogar primary school where I graduated and joined Mamangina secondary school,I have been living with my two brothers nick and Dennis who are older than me,Rongai is good place in terms of ongoing business and upcoming business thus making it a place of profit and better life which enhances better living for both the youth and the elderly people,my family practice farming on small scale which is for food and the remaining part of the sowed food I sold for up keep of the family.the reason why I joined business was so that I could give a hand to my family in providing school fees for my step sister who is in secondary school which my parents where unable to do so because of low payment in there work place which made me give them a hand in making up for portion of school fees of my sister.before I started working my mum passed and made me to be the head of the family where I had to be the provider and also to take care of my family,with the job I have I have been able to cop up with life though I have to strive hard to be able to master other factors in life and propel my well being .i have had many challenges in life like living a life without help from other family member after my mum passed this has really made my life hard though I had no other option but to believe in my self and wake up and face life and start with the little I have to make a living out of it so that to be able to attain goals in life.as I mentioned above though I graduated from Mamangina high school I had to start working because I had to also help my single parent in completing my fee areas which I had to pay so that to obtain my certificates this also made me to start working and generate income,I joined part time working in the school which helped in reducing the fee areas later I joined{ Bodaboda} transportation where I was hired before I got a permanent job this where I have been working till I finished paying my school fees areas,in Rongai many people indulge themselves in many businesses which are profitable and like I stated earlier that Rongai through the rising population and business merchants makes the town ideal for putting up business because through them businesses rises and demand for good increases thus making people of Rongai to put up business,though Rongai is a small town located along Nakuru Eldoret highway it has grown due to people uniting to put up businesses so that to earn a living,also farming though it is not that much profitable but helps in provision of food at home ,existences of companies also has made Rongai town a better place in terms of provision of jobs to youth like me .

My Business

I currently work in an M-pesa as an agent and part time I do work as a{ Boda boda} ,M-pesa is a business that allows customers to send and withdraw money anywhere from M-pesa agents countrywide,it is powered by Safaricom mobile network which enhance the availability of money to customers anywhere they are,M-pesa business has been the greatest help to people since customers only require there phones and there identity card so that to carry out transaction it has also made it easier for people not to carry cash and instead they deposit to there M-pesa account for security purpose,M-pesa is a profitable business and also through it simplicity in there terms to customers makes it a better business,many people in Kenya use M-pesa because of it security and fastness in services provision.As an agent M-pesa has been the main source of income and also has helped me to cop up with life which has made me a successful person ,due to it dependency to where it is located makes M-pesa is an active business with no competition,my M-pesa business is located in Rongai town where I carry out transactions in Rongai many people use M-pesa in carrying out there businesses in terms of money provision though also other networks in Kenya also money transaction via phones but M-pesa through its fastness and high technology has made it not compareable and far from comparison to other networks,problem encountered by M-pesa agents are minimal in that only few problems are encountered like electricity failures and also some times delay in transactions due to network overcrowding but M-pesa server ensure quick response to M-pesa services after failure that is why people do prefer M-pesa in money transaction, in other cases M-pesa also help Safaricom network customers to acquire help from agent instead of customers going to head office this also sweetens M-pesa work,M-pesa profit depends on the transaction that customers carry out per day this make an accurate payment for agents like me,M-pesa also ensures maximum security to customers information and transaction which makes M-pesa secure mode of transacting money via phone ,M-pesa has helped in providing good frequency of transactions compared to using banks in remote where you only uses your phone in transactions which reduces theft compared to banks. This factor that are mentioned above makes M-pesa not to get competition as to other modes of transactions my monthly payments do vary like I stated earlier because M-pesa depends on the amount of transactions an agents makes a day but monthly payments of four thousand shillings per month which helps me to build up my life as a successful person,M-pesa also through upgrading also helps agents in agents salary increase and through this upgrades made by Safaricom M-pesa server it makes this business profitable and mostly an accurate job to depend on.Also like I mentioned that I also work as{ Bodaboda}during my part time ,this help me to link up the two salaries so that to make a better salary at the end of the month,{Bodaboda} is a mode of transportation using motorbikes this helps me to run M-pesa smoothly because I also offer transport and those two business makes up for a good monthly salary.

Loan Proposal

i will first of all use the loan that i will get as follows
1 buy replacement kits
2.buy new simcards
3.buy new handset to enhance m-pesa transactions
4.refurnish my work shop and paint it
5.add float to my m-pesa account
4.buy christmas lighting so that to attract more customers.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$194.00

Date disbursed

Dec 28, 2014

Repayment status

Late

Projected term

13 months

Lenders

Zidisha

Sterling, United States

P

pellm

Ashland, United States

DT

Dru Tarr

Gloucester, United States

T

texasags

owasso, United States

PulsoJewelry

Los Angeles, United States

B

Bjoernanders

Tromsø, Norway

MarshFamilyUK

Canterbury, United Kingdom

dmirpuri

Bangkok, Thailand

A

analyticsPierce

Denver, United States

AllieJ

Camberwell, Australia

J

JacobvdW

Netherlands

G

geoff

United States

M

meric

Australia

C

Chad

United States

R

rbaspinwall

United States

K

Karpet

Faroe Islands

B

Boswags

United States

Grant Xavier Storer

Seattle, Wa, United States

M

MarkA

United Kingdom

Dave

Ede, Netherlands

S

StefanB

Stockholm, Sweden

KM

Kirsty M

United Kingdom

S

Steve

United States

Felix

Munich, Germany

SMOICE

Berlin, Germany

Christopher Hey

Sudbury, Canada

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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

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  • Vincent Kiplangat    Oct 16, 2017

    Dear lenders so sorry for delaying my loan and once again am back again ready to repay my loan though life has been tough on my side i believe that when life becomes tough the tough get going.i have opened an mpesa shop in rongai town and its really picking up i will be able to pay my loan.thank you all lenders and zidisha team atlarge.

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  • Sammy Kanja    Jun 1, 2015

    dear lenders vincent has promised to start repaying his loan as from this week. his business has started picking up quit good from his new location.
    kind regard:sammy kanja

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  • Vincent Kiplangat    Apr 30, 2015

    my business has not be working very well for quite a time that is why i have to change my payments also i have decided to change my loan payment amount to a lower amount that i can afford for now,since i have changed my business locality due to low m-pesa transaction that is allowed by Safaricom for an agent per day ,this has been the issue that i have been facing .

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  • AllieJ    Mar 4, 2015

    Hi Lawrence, how is Vincent and his business going?

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    • Vincent Kiplangat    Mar 5, 2015

      Dear Allie j i am well and going on well with my business though i had a problem with my brother who became sick and i had to support him medically i will resume my weekly payment as from this Sunday
      thank you for your concern

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  • Lawrence Njuguna    Feb 20, 2015

    hi lenders?
    I have called Vincent and he actually promised to pay today.

    regards
    vm

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  • Vincent Kiplangat    Feb 5, 2015

    dear lenders
    thank you for your continued support .i am well and growing big in terms of business.

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  • Vincent Kiplangat    Jan 29, 2015

    dear lender
    all is to update you all of my well-being and that of my business,

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  • Vincent Kiplangat    Jan 9, 2015

    Dear lenders
    This are few photos of the stock i bought
    a new phone for m-pesa
    new replacement kits
    thank you lenders

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  • Vincent Kiplangat    Dec 27, 2014

    dear lenders
    as soon as i receive this loan i promise to upload photos of the new stock.thank you once more

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  • Vincent Kiplangat    Dec 27, 2014

    dear lenders
    thank you for your continued concern and contribution may you all have a nice festive season full of blessings and joy.
    thank you all

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  • Ronald Onyango    Dec 26, 2014

    all the best

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  • Vincent Kiplangat    Dec 26, 2014

    AllieJ ,Dave,JacobvdW,Felix,Bjoernanders special thanks to you all merry christmas

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  • Vincent Kiplangat    Dec 25, 2014

    wishing zidisha team at large a merry Christmas and happy new year.

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  • Vincent Kiplangat    Dec 25, 2014

    Dear lenders
    Am wishing you all lenders a merry Merry Christmas and a happy new year 2015 may God shower you with blessings.
    Merry Christmas

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  • Vincent Kiplangat    Dec 23, 2014

    evanderkoogh be blessed for you support in funding this loan

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  • Vincent Kiplangat    Dec 23, 2014

    @kieselbert thanks a lot be blessed

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  • Vincent Kiplangat    Dec 23, 2014

    @ dmirpuri thank you

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  • Vincent Kiplangat    Dec 23, 2014

    @ geoff special thanks for your support in funding this loan

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  • Vincent Kiplangat    Dec 23, 2014

    @ steve thank you for your contribution to my loan

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  • Vincent Kiplangat    Dec 23, 2014

    dear lenders
    receive my sincere thanks and letting you know that am really grateful thank you.

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