Money to boost my mobile money transfer business

Yvonne Were

Kahawa Wendani, Kenya

100% repaid

Entrepreneur

Name

Yvonne Were

Member since

July 2014

On-time repayments

273 installments  •  32%

About Me

I was born in Kangemi back in 1992,my parents moved to the upcountry when I was very young at the age of 11 and that's when I moved to Kahawa Wendani to stay with my elder sister,joined Kahawa garrison primary school and later on Kahawa Garrison Secondary,after high school I joined Kenya Utalii College for a Travel and tourism Management course.During all this period I used to depend on my sister for support and that's why I started my business from the money from my business I cater for my basic needs and I save the rest for I would like to start a travel and tourism company some day.I like traveling,dancing and socializing.

My Business

My business involve transfer of money,basically depositing and withdrawing for clients its called MPESA services I also sell KPLC token my business is located in Kahawa Wendani area on the ground floor of the same building where I stay Josu Arcade.The business has great demand since within Kahawa Wendani most of the people who stay here are working class and students,we have the Kahawa Barracks being the biggest army camp in the country and we also have Kenyatta University so there is very high demand for my kind of business,I also work part time as a tour guide for Curt Tours.From the earnings from my business I settle my basic needs and I save the rest,my main challenge in business is during month ends when I require to have a big float of more than Ksh100,000 a day so I may not loose customer since for my business you earn more money from the number of transactions you operate and if you are short of float or cash you loose business.So if funded I will be in a better position to maintain more customers and repay my loan very well thank you.

Loan Proposal

I take this opportunity to appeal to all lender to fund me by giving me money to add to my mobile money transfer business as I introduced my business I mentioned that my business involves exchange of money the more I transact the more I gain profit so I wish to convince all lenders that funding me wont be a risk factor since my business is situated in an area with a very wide market and also the population that I transact business with is of people who earn money from various institutions around my area namely Kahawa Barracks,Kenyatta university,Brookside dairies and also clay works industries just to mention but a few.I am convinced that if funded I will not disappoint in repaying since my business will increase by over 80% in terms of profit gain and my budget is not heavy at all since my needs are for me alone I don't have a family.I promise to do my best not to disappoint my sister who introduced me and also my lenders for the faith they will have put on me thank you all.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.52

Date disbursed

Aug 25, 2014

Repayment status

On Time

Projected term

10 months

Cost to entrepreneur

Lender interest: $150.52 at 6.15% annual rate over 10 months = $7.83

Service fee: $4.55

Lenders

T

tonilends

catalonia is not:, Spain

Muslim

Riyadh, Saudi Arabia

Sarasota

Sarasota, Fl, United States

A

Anonymous

United Kingdom

G

GanSatya

United States

Matching Fund

Sterling, United States

begood

United States

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