Phone project shop in mwea

Daniel Maingi

Umoja, Kenya

100% repaid



Daniel Maingi

Member since

November 2014

On-time repayments

87 installments  •  91%

About Me

born in mwea gategi i went to school in the village and later i managed to join lenana school and went to jomo kenyatta university where i did course information technology .i love technology and its my dream that one day i will have a big venture that empowers other youth in terms of job creation to enable them also earn a living .

My Business

Got a loan and managed to stock my mpesa phone .4years down the line I sold the shop and bought a taxi(cab) which I employed someone to drive in Nairobi.the cab makes Ksh 2000 per day thus Ksh 12,000 per week.have run the business for years and managed to buy a second cab and yet employed a making Ksh 24,000 per week .
Due to the covid 19 I have also added my big Toyota wish to my feet of cabs and I will be driving it to make more money and the government has gone easy on working hours that more running 3vehicles making ksh 6000 per day.

Loan Proposal

i want to get a loan and add inventory to my shop to increase my income .i have been tying to get a loan from local lenders but they need security which is hard to get as a youth with a small business venture .Mobile phone s is a good business venture considering everyone need the device to communicate .if i buy one phone at $5.7 i will buy approximately 8 phone .After the 1ST loan ,i have made big profit which is almost 20% of the loan amount as profit and bought more phones .i would like to stock more variety for my customers since with many brands i believe i will be a one stop shop for phone and also phone accessories .the stock is now urge and we are getting good returns





Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

Feb 19, 2015

Repayment status

On Time

Projected term

6 weeks




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