Mobile money transfer loan

John Njoroge

Neema Estate-nyahururu Sub-county-nyandarua County-kenya., Kenya

100% repaid

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How it Works

Entrepreneur

Name

John Njoroge

Member since

April 2016

On-time repayments

167 installments • 99%

About Me

I was born and raised around Nakuru town in the Rift Valley Province of Kenya. I have a degree in education from Moi university in Kenya.
After my college education, I could not get formal employment and had to work as a 'matatu ' driver ferrying passengers from one town to another for two years.
I used the little amount of money that I had saved plus some more which I was loaned by a relative to start my business.
My country, Kenya, has extraordinary beauty both in terms geography and contrasting cultures from 42 diverse tribes. It's a choice destination for many tourists from all over the world.
I have a son who wishes to take up my hobby in computers and software as his future professional job.

My Business

I have a cybercafe and small retail shop that deals in electronic accessories.
The cybercafe caters to the people who need fast internet services, especially for government services accessed through the internet, e.g., the e-citizen website.
The retail shop sells small accessories such as phone chargers and batteries to people on transit through the town. I like my business as it augments my hobby in computers.
On average, my monthly costs range from KSh 20,000 to KSh 30,000 while revenues range from KSh 40,000 to KSh 60,000. The proceeds from the ventures are used for household needs, school fees, investment and some for recreational activities.

Loan Proposal

With the new loan I plan to start a mobile money transfer service in the phone shop.
In Kenya mobile money transfer is the most used form of money transfer in terms of the number of transactions.People can send up to 1400 dollars per day per mobile phone number.
I would like to become a mobile money transfer agent for Safaricom mobile phone company.The whole amount of the loan will be used to buy the float needed to run the service from Safaricom.I will be making a commission for every deposit or withdrawal transaction I complete for any client.The commission is paid at the end of each month and will be used to pay rent for the shop.

Show original English

About Me

I was born and raised around Nakuru town in the rift valley province of Kenya.I have a degree in education from Moi university in Kenya.
After my college education I could not get formal employment and had to work as a 'matatu ' driver ferrying passengers from one town to another for two years.
I used the little amount of money that I had saved plus some more which I was loaned by a relative to start my business.
My country Kenya has extraordinary beauty both in terms geography and contrasting cultures from 42 diverse tribes.Its a choice destination for many tourists from all over the world.
I have a son who wishes to take up my hobby in computers and software as his future professional job.

My Business

I have a cyber cafe and small retail shop that deals in electronic accessories.
The cyber cafe caters for the people who need fast internet services especially for government services accessed through the internet e.g the e-citizen website.
The retail shop sells small accessories such as phone chargers and batteries to people on transit through the town.
I like the my business as it augments my hobby in computers
On average my monthly costs range from ksh 20000 to ksh 30000 while revenues range from ksh 40000 to ksh 60000.
The proceeds from the ventures are used for household needs,school fees ,investment and some for recreational activities.

Loan Proposal

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nicole Feb 26, 2020

My sixth loan (!!!!!!!) to John (I think this is a record for me!) -- still recommended. Congratulations & best wishes for continued success!

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nicole Jan 7, 2019

My FIFTH LOAN!!! to John -- still recommended (and still making a better world!) :-)

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nicole Apr 26, 2018

My fourth loan to John -- still recommended & I will lend to you again!!

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- John Njoroge May 22, 2018
  
  Thank you nicole for entrusting me with your funds.Together we can make a better World.Remain blessed.
  
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nicole Oct 9, 2017

My third loan to John -- still recommended!!

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nicole May 27, 2017

My second loan to John -- I would gladly lend to him a third time!

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