Mobile phone and mpesa shop inventory

Daniel

Umoja, Kenya

100% repaid

Entrepreneur

Name

Daniel

Member since

November 2014

On-time repayments

87 installments  •  91%

About Me

born in mwea gategi i went to school in the village and later i managed to join lenana school and went to jomo kenyatta university where i did course information technology .i love technology and its my dream that one day i will have a big venture that empowers other youth in terms of job creation to enable them also earn a living .

My Business

Got a loan and managed to stock my mpesa phone .4years down the line I sold the shop and bought a taxi(cab) which I employed someone to drive in Nairobi.the cab makes Ksh 2000 per day thus Ksh 12,000 per week.have run the business for years and managed to buy a second cab and yet employed a driver.now making Ksh 24,000 per week .
Due to the covid 19 I have also added my big Toyota wish to my feet of cabs and I will be driving it to make more money and the government has gone easy on working hours that more business.now running 3vehicles making ksh 6000 per day.

Loan Proposal

Am requesting for a loan and add inventory to my shop to increase my income .i have been tying to get a loan from local lenders but they need security which is hard to get as a youth with a small business venture .Mobile phone s is a good business venture considering everyone need the device to communicate .if i buy one phone at $5.7 i will buy approximately 8 phone .After the 1ST loan ,i have made big profit which is almost 20% of the loan amount as profit and bought more phones .i would like to stock more variety for my customers since with many brands i believe i will be a one stop shop for phone and also phone accessories .

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$49.00

Date disbursed

Jan 16, 2015

Repayment status

On Time

Projected term

6 weeks

Lenders

McJulio

New Jersey, United States

VintageCalifornia

San Diego, United States

F

flaguy999

Tampa, United States

F

Frenchie

Johannesburg, United Arab Emirates

G

GreenMoney

Lahr, Germany

J

jay12

Germany

joshuacollinson

Vienna, Austria

KM

Kirsty M

United Kingdom

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