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.
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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
Newport, United States
United States
Canada
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