Mpesa e-float and stocks

Mercy

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Mercy

Member since

March 2015

On-time repayments

81 installments  •  12%

About Me

I wa born in thika, Muiri near gatukuyu shopping center, i went to Muirigo primary school, Senior Chief Koinange high school and later to Ashley's beauty college. i ventured into business so that i can be able to realize my dreams i was given some money by my parents to cater for the start up costs. i started doing business since i always had passion for business since i was a small kid. I love where i come from because people are innovative, generous and love business. My child wants to be an Engineer when he grows up. I love swimming, watching movies and listening to gospel music.

My Business

i have opened a new electrics shop and has an Mpesa. Mpesa has a lot of demand in the area due to increased mobile money transfers. I chose this kind of business since the area has demand for the products and has the potential for growth in business. Currently i have one employee whom i pay $66.7 per month and rent 0f $44.4 per month, i usually get profits of about $333.4per month from the shop and mpesa. the profits i get i pay rent and the worker, the rest i just put it back to the business.

Loan Proposal

i will add the loan amount to the Mpesa e-float. and buy stocks for my shop. the loan will be used as follows,

M-pesa E-float = $55.56
mobile phone accessories= $22.22
Beverage drinks like sodas and fruit juices=$22.22
Other stocks=$11.11
The Mpesa float will generates an income of $222.22 per month when i am operating with a float of $444.44. For the stocks i give them a 15% profit margin.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Apr 8, 2015

Repayment status

On Time

Projected term

7 weeks

Other loans

Lenders

DeanDropshot

Oslo, Norway

MichaelDean

San Jose, United States

A

ashtanga99

Newport, United States

O

OneSummer

Muenster/Westphalia, Germany

chrsve46

Stockholm, Sweden

Andreas1974

Fristad, Sweden

ads68

Melbourne, Australia

mithril

Prague, Czech Republic

E

electrolite

United States

A

Anonymouse

Netherlands

B

bugdaniel

Switzerland

K

Kber9156

North Parramatta, Australia

mepster

San Francisco, Ca, United States

A

AaltvM

Netherlands

A

adamdreaming

United States

Cathy

Melbourne, Australia

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