Mobile phone and mpesa shop inventory

Daniel Maingi

Umoja, Kenya

100% repaid



Daniel Maingi

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 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 running 3vehicles making ksh 6000 per day.

Loan Proposal

when i get the loan i will add more phones to the shop thus customers will be able to get a variety of products as i look forward to adding more stock in the future since i have to start small and build up the shop to a big venture in the future.i have been tying a get a loan from local lenders but they need security which s 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 ..





Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

Nov 28, 2014

Repayment status

On Time

Projected term

7 weeks

Cost to entrepreneur

Lender interest: $49.92 at 7.70% annual rate over 1 month = $0.54

Service fee: $0.27



Rydalmere, Australia



Zurich, Switzerland

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Amount repaid


Amount remaining


Date repaid

Jan 14, 2015


Fully repaid

Repayment History

Expected Payments Actual Payments
Dec 7, 2014 $5.11 Dec 6, 2014 $5.11
Dec 14, 2014 $5.11 Dec 15, 2014 $5.11
Dec 21, 2014 $5.11 Dec 22, 2014 $5.11
Dec 28, 2014 $5.11 Jan 2, 2015 $5.11
Jan 4, 2015 $0.00
Jan 11, 2015 $11.36 Jan 8, 2015 $5.11
Jan 13, 2015 $6.25
Jan 18, 2015 $19.11 Jan 13, 2015 $5.11
Jan 14, 2015 $14.00