Mpesa business diversification

Fredrick Maumo

Bumala, Busia, Kenya

100% repaid

Entrepreneur

Name

Fredrick Maumo

Member since

August 2015

On-time repayments

194 installments  •  22%

About Me

My Names are Fredrick Otieno Maumo, Married man living in Busia County . I completed my secondary school in the year 2002. After this, in the year 2004, I joined a college in Nairobi city where i took a Business Administration course. After the completion of my course, I was employed as a administrator in flower farm in one of the colleges in Kenya. but afterward i decided to diverse my education by joining a university and pursued administration course. After completion i was employed and after few months i came up with an idea of saving and start a business in order to boost my monthly income of which i managed to engage in mixed farming by leasing of lands in narok 40 acres to do potato farming and after getting the finance i also decided to start an mpesa business with a capital by building a small wooden structure with proceed from harvest of 165 bags i have invested a capital of kes 75,000 and intends to use the borrowed amount of kes 61,753 to boast my mpesa agency business to kes 150,000 So current zidisha will boast my mpesa agency business.

Currently I yearn to increase the capacity of my output could be way of sourcing fund externally.
Should I get a well wisher to further gear the business I believe I shall be able to exploit the potentiality existing in the area.

My Business

My business is out line with my career of business administration, having well understood the agriculture industry I chose to do it as a business to boost my living standard.Have also diversified to include mpesa business and to get consitent income from mpesa agency business
I ventured into the business because of the demand in my area for potato products. it started in the year 2008 In busia town out of what I ha saved from my salary where I had only one arce of land.
Due to steady rise in demand, I was forced to increase the acreage to enable me do more large scale farming.besides farming i also rear sheeps and goat to sell as meat during the December holiday in order to boast my inflows
I Currently I yearn to increase the capacity of my output could be way of sourcing fund externally.
Should I get a well wisher to further gear the business I believe I shall be able to exploit the potentiality existing in the area.

Loan Proposal

I intend to boast my mpesa business which i have started after receiving previous loan to boast my mpesa float from kes 70,000 to minimum of kes 100,000 to earn more commisions.besides the potato farming which currently a have planted more than 20 acres due by january 2016

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$318.35

Date disbursed

Dec 3, 2015

Repayment status

On Time

Projected term

5 months

Cost to entrepreneur

Service fee: $13.22

Lenders

Q

Quomar

Żmigród, Poland

neffe

Berlin, Germany

H

henry3x

Aarschot, Belgium

M

mzeb

fort myers, United States

thepaddy

Essen, Germany

seabass

New York, United States

B

BRWorthington

San Francisco, United States

Ishaque

New Jersey, United States

D

DerChristian

Rostock, Germany

torelizer

Reggio Emilia, Italy

S

SovTempest

Toronto, Canada

J

JLewe

Atlanta, Georgia, United States

BelleStarr

Albuquerque, United States

P

patfigel

Wien, Austria

Johnny

shanghai, China

L

laicus

Helsinki, Finland

Tuomas

Helsinki, Finland

Rocketdrive

Eugene, Oregon, United States

J

jozua

Delft, Netherlands

B

BerndWeber

Munich, Germany

W

world

Kansas City, United States

B

bizarresmom

Willowick, United States

J

jrtregurtha

Ridgefield, United States

F

faical

Cologne, Germany

T

traderjohn

Baltimore, United States

mike123riley

Palo Alto, United States

B

blennert

Bakersfield, United States

J

Jacquinta

London, United Kingdom

Pere

Barcelona, Spain

S

SamTom

Carindale, Australia

mattebe

Pittsburgh, United States

T

ToddK

Indianapolis, IN, USA, United States

S

Shorty

London, United Kingdom

S

Scaramouche

Brisbane, Australia

L

lped759

Saint Paul, United States

K

kipwhite

California, United States

SP

Steve Picchione

Lake Elsinore, United States

Joseph P. Edd

Seoul, Republic of Korea

N

ningli

Charlotte, NC, United States

W

woodleycw

Ottawa Ontario, Canada

Y

Yasha

Beer Sheva, Israel

M

mikecook

San Francisco, California, United States

Jeff and Marcie

Portland, OR, United States

S

Southernyank

CHAPEL HILL, United States

T

thejacobnorton

Jubail, Saudi Arabia

K

Kollegah

Munich, Germany

C

Carol

Ripon, United States

J

JNale

Reedsville, PA, United States

K

Kibbleni

Madison, United States

S

Siegerman1

Portland, United States

T

tmsaddress

Orlando, Florida, United States

Jannon

Huntsville, United States

K

kiranovak

Denver, United States

Annelogue

Faroe Islands

ksevik

Oslo, Norway

athomas

Chevy Chase, United States

M

Melanie

Raumati South, New Zealand

captainhappy

Gladstone, Australia

D

DamoA

Wollstonecraft, Australia

M

missjoyy

Munich, Germany

F

femi123

Oakville, Canada

B

BartenKatrijn

Ghent 9000, Belgium

Mavos

Gothenburg, Sweden

MadsNissen

Oslo, Norway

Pascal

Gent, Belgium

Moyeji

Australia

J

j12345

Durham, United States

D

Divergent

Bethesda, United States

ViVenusMedical

Jarfalla, Sweden

amovida

Central valley, ny, United States

L

lowtechmagazine

barcelona, Spain

Susansfund

Colorado Springs, United States

A

Anonym0us

Lisboa, Portugal

S

Serge

Bascharage, Luxembourg

A

AustA

Sydney, Australia

G

glomardor

Leonardtown, United States

R

RosieLea

columbus, United States

WDMCC

Peachtree City, GA, United States

T

TerrenceM

Wollongong, Australia

IA

Ismini and Jerry

Stamford, USA, United States

J

JG2012

Brooklyn, United States

J

jzidi

Los Angeles, United States

S

Sabine

Courtenay, Canada

B

boourns

Newmarket, United Kingdom

DukusP

Glendale, United States

clemenchiang

Singapore, Singapore

D

doinggood

Missoula, United States

P

PhilACK

Brampton, Canada

W

wogman

Evanston, United States

S

samuk

Nottingham, United Kingdom

J

JKain317

West Seneca, United States

C

cczapp

Hilliard, United States

M

Mutualbanking

nyc, United States

H

Hello

Salisbury, United Kingdom

A

Aastra

Los Angeles, United States

G

GirlOfEarth

Earth, Finland

K

Kinger

Dublin, Ireland

W

Woodyrocks

London, United Kingdom

southcentral

Zürich, Switzerland

L

loistf

Madrid, Spain

M

mrsdshomestead

ash fork, United States

D

Dreamworks

Washington, United States

R

RobBne

Brisbane, Australia

MichelD

Bangkok, Thailand

A

Adembel888

Sydney, Australia

alicemmg

Boston, United States

RoryWitt

San Diego, United States

K

Katehar

Maple Valley, WA, United States

B

BobJames

Toulouse, France

J

jwharding

Hamburg, Germany

JennyinParis

Paris, France

P

pellm

Ashland, United States

R

rgarr

Louisville, United States

S

seatea1967

Madison, United States

T

tsutomuben

Monterey Park, United States

N

Nassara1

Evergem, Belgium

B

BlitheTrouper

Denver, United States

D

Dettmann1

Atlanta, United States

J

janharg

Garland, Tx, United States

T

Travelbear

Asheville, United States

C

creightonr

Buffalo, United States

E

eirccharrie

Cupertino, United States

B

bitofrits

New York City, United States

E

edgreig

Brixton, United Kingdom

O

Oscart

Edmonton, Canada

sarna

Toronto, Canada

bycyt

Whitefish, United States

neocodesoftware

vancouver, Canada

Kathunka

Bern, Switzerland

Erika

Calgary, Canada

dmirpuri

Bangkok, Thailand

cman8888

Philadelphia, United States

J

jcappel

Toronto, Canada

M

Malibu

Westwood, United States

D

drorm

United States

G

geoff

United States

Paul Buchheit

Mountain View, United States

S

simonista

United States

M

Michi

Switzerland

K

Karpet

Faroe Islands

R

RonEddy

United States

S

SaraNT

United States

Grant Xavier Storer

Seattle, Wa, United States

I

idris

United States

S

SCHAC

Switzerland

P

pdm083

United States

E

Estebanito

United States

A

adamdreaming

United States

S

Scaevola

Netherlands

Mike and Jacqui

United Kingdom

KM

Kirsty M

United Kingdom

Haim Si

Mexico, Mexico

GS

Guillaume Schaack

Luxembourg, Luxembourg

Dave Bogard

New York, United States

N

Niels

Berlin, Germany

AL

Amy Luo

United States

Robert

Sweden

S

Sharon

United States

JG

John Gobok

San Francisco, United States

WH

Will Henley

United Kingdom

SC

Sarnia Cherie Ralsto

south coast nsw australia, Australia

Greg Howard

Reno, Nv, United States

JL

Jindou Lee

United States

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Summary

Amount repaid

$334.27

Amount remaining

$0.00

Date repaid

May 30, 2016

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Dec 13, 2015 $10.00 Dec 22, 2015 $10.00
Dec 20, 2015 $10.00 Dec 22, 2015 $10.00
Dec 27, 2015 $5.00 Dec 26, 2015 $5.00
Jan 3, 2016 $5.00 Jan 4, 2016 $5.00
Jan 10, 2016 $5.00 Jan 20, 2016 $1.00
Jan 20, 2016 $4.00
Jan 17, 2016 $5.00 Jan 20, 2016 $5.00
Jan 24, 2016 $5.00 Feb 8, 2016 $5.00
Jan 31, 2016 $0.00
Feb 7, 2016 $0.00
Feb 14, 2016 $4.00 Feb 9, 2016 $0.85
Feb 14, 2016 $3.15
Feb 21, 2016 $8.00 Feb 23, 2016 $8.00
Feb 28, 2016 $12.00 Mar 3, 2016 $12.00
Mar 6, 2016 $2.00 Mar 6, 2016 $2.00
Mar 13, 2016 $13.77 Mar 14, 2016 $13.50
Mar 14, 2016 $0.27
Mar 20, 2016 $0.30 Mar 15, 2016 $0.30
Mar 27, 2016 $1.20 Mar 20, 2016 $1.20
Apr 3, 2016 $0.95 Apr 11, 2016 $0.45
Apr 11, 2016 $0.50
Apr 10, 2016 $0.00
Apr 17, 2016 $5.00 Apr 18, 2016 $5.00
Apr 24, 2016 $5.00 Apr 23, 2016 $5.00
May 1, 2016 $48.00 May 4, 2016 $5.00
May 5, 2016 $43.00
May 8, 2016 $31.55 May 9, 2016 $3.05
May 9, 2016 $0.50
May 12, 2016 $6.00
May 13, 2016 $22.00
May 15, 2016 $0.00
May 22, 2016 $65.00 May 23, 2016 $65.00
May 29, 2016 $92.50 May 23, 2016 $10.00
May 26, 2016 $2.50
May 30, 2016 $80.00

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