Mobile phone payment transfer service point
Frank
Kisii, Kenya
100% repaid
Entrepreneur
Name
Frank
Member since
April 2014
On-time repayments
290 installments • 48%
About Me
I am Frank Zablon i come fromm a family of 5 i am the 1st born in my family .I live in kisii town near kisii Bottlers,I am a teacher and also a business man in my free times.I took my education at sameta High School and latter perused my university education at Kisii University for bachelor of education Arts .I started my business of M pesa which helps me to support my self and also my family.I started this business with a capital of 50,000 and makes a profit of 8,000 per month.I love football and also hockey.
My Business
I have a self employed business of M pesa and small shop at Kisii town just within the kisii Bus stage,i started it with a capital of 50,000 and makes me a profit of 10000per Month.I started this business to help me bpay the house bills and also support me pay my school fees while i was in school.I request to be given a loan to increase my Float in my Mpesa and also add some stocks besides the Mpesa .Theres a great demand in my business because its just around the stage and its strategically positioned,Its profitable because no much risks are involved .
Loan Proposal
Currently I am operating an mpesa business and at the same time selling some soft drinks like mineral water and sodas in retail which I normally get from a nearby coca-cola company. Given the amount I have applied for I am intending to subdivide it so that I can add around ksh 13000 equivalent to around 130 us dollars to my mpesa float since this will increase the amount of money I am transacting with and in return increase my commission at the end of the month. The remaining amount shall equally be used to recapitalise my business by adding some stock of soft drinks whose demand is likely to go high as the rainy season is coming to an end soon. This is because for the last few years demand for soft drinks is all high during hot or sunny seasons. With the projected increase of returns I will be able to expand my small business and soon be completely self sustaining. If funded, with my hard working nature and sheer determination my monthly returns are likely to shoot to a figure not less than 15000 or $150. If all goes as planned and my business expands this gives room for employing an assistant thus creating some employment to my fellow jobless youth and at a long run reducing the increasing rate of social evils in our society.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$266.00
Date disbursed
Jul 13, 2015
Repayment status
On Time
Projected term
12 months
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