Entrepreneur
Name
Cosmas
Member since
May 2012
On-time repayments
17 installments • 24%
About Me
am cosmas foleni kenga,a resident of kilifi in kenya.am married with one hard working boy who is now in class two.am now persuing a degree in business management here in kenya,iam also a busines man operating an mpesa agent within kilifi town.earnings generated from this business is used for upkeep and school fees for both me and my son.i also buy sanitary towels for the young girls who cannot afford to buy for themselves and hence help to keep them in school.
My Business
my business is purely mpesa services.demand for these is high since money circulation within kilifi town is plenty.customers prefer coming to my shops because i have been trained to do so.risks involved include stealing of cash by employees which is not so common.REVENUE 50,000 - COSTS 18,0000=KSHS 32,000/=
Loan Proposal
My business is purely mpesa services-This is the transfer of money by use of a mobile phone.I do this in partnership with safaricom Ltd which is the leading mobile money transfer in kenya today.Demand for this service is high since money circulation within Kilifi Town is in plenty.Customers prefer coming to my shops because i have been trained on good public relations.
The loan will therefore be used to boost my float account for the customers to be able deposit their cash whenever they come into the shop.Income generated will be used to pay for my child school fees,pay the loan and plough back into the business.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$500.00
Date disbursed
Aug 7, 2012
Repayment status
On Time
Projected term
5 months
Other loans
Lenders
Sarasota// Phnom Penh, United States
Wiesenttal, Germany
London, United Kingdom
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