Sale of airtime (mobile phone top up or recharge
Mike
Ongata Rongai, Kenya
39% repaid
Entrepreneur
Name
Mike
Member since
October 2014
On-time repayments
54 installments • 19%
About Me
My name is Mike KASYOKI,am married to one wife and blessed with 3 boys namely Edwin,Samuel and Emmanuel i run a small business of distributing airtime .my schooling o level.my hobbies are playing foot ball ,watching motivational DVD , singing,and listening to gospel music.i am an out going person ,i also do multi level marketing , selling food supplements .
i like socializing and making new friends
My Business
I will use the profits i make from the business to repay the loan ,my turnover is ksh800 per day ,food per day is ksh250,rent ksh200 per day ,savings will be ksh 350 per day 'therefore i will be able to repay the loan and add on more stocks.With enough airtime stocks i will have a good cash to run the business .With this growth i will be able to make many clients and increase my income. i have a job on the other side which caters for my bills and with this loan i will be able to have enough cash to run both my business plus my family affairs
Loan Proposal
i will buy more stocks of airtime , air time is a basic need in kenya ,about 30 million people buy airtime daily therefore the market is wide.i will be able to sale bore airtime daily and i will be able to have a good return on the capital . I will use the profit to increase the stocks and pay off the expenses , even pay the loan
Feedback
Positive
2
Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$132.00
Date disbursed
Mar 3, 2015
Repayment status
Late
Projected term
10 months
Other loans
Lenders
Jake Gibson and Beverly Picardo
San Francisco, United States
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