Mpesa business

Geoffrey Nyankiri

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Geoffrey Nyankiri

Member since

September 2014

On-time repayments

264 installments  •  93%

About Me

i am Kenyan citizen aged 25,married with one child am proffesionally technician at locoal company.i finished my O leveal education and obtained a better grade and decided to join a local college of which i managed to do my diploma course.one year down the line i got a job in a local company,while in this company i managed to raise some money and decided to start up a business.being an employee in this company i gained alot of exprience in which it helped me to be forcused in life and have a postive attited toward life.sir its to my pressure to let you know that i straight forward man who always belive in posibbilty in day todays life.i like reading and travelling.

My Business

Sir,as i stated,from the small revenue i genarated while working with the said local company,i started a small kiosk new a matatu stage in Nakuru town .i this kiosk i sell plastic sodas,bescuits,nuts,afia juice and cones.I operated the kiosk for the first three months and realised that Mpesa services was in demand.due to this i managed to get a Mpesa sim card in which its realy doing good.
Sir,the introduction of that service to that kiosk affected me in terms of capital.i invested $300 to that new service andits doing really good despite the fact that i work undercash.
I decided to introduce this kind of service due to customer's demand.In a monthly commission,safaricom the main provider can give me total of $40 per month.out of this am apple rs

Loan Proposal

As soon as i receive the amount,i will take half of it to purchase new handsets/new mobile phones for my business to grow.From these commodities i will generate a good profit, since one single phone can generate a profit of up to $ 11.00.
The remaining amount will add to my Mpesa till as float to cater high demand of deposits at my business area.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$438.87

Date disbursed

Jul 25, 2015

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $17.68

Lenders

jan73

Eugene, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United Kingdom

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