Entrepreneur
Name
Benedict
Member since
October 2013
On-time repayments
136 installments • 18%
About Me
am a fast born child in a family of 5 children. am married to one wife, gave birth to one baby who passed away at an age of 4 months. am living in .Sondu market center in Belgut constituency in kericho county. am occupied in business field as business man. am through with my secondary education and did a driving course. i was influenced by a fast growing and developing business friend. i engage my income generated from my business in agricultural production, buying house holds ,medication, clothing,buying food, paying house rent.
My Business
am operating an m pesa shop. cash withdrawals cash deposits, all kenyan network lines majorly; safaricom ,airtel,yu.are sold in my shop. registration of safaricom lines, swap of safaricom sim cards,phone charging among others are services rendered in my shop. this service provides quick means of sending and receiving money . the service also enables customers to save their money after their sale in the market. the location of the shop attracts maney customers because its at an inlet to the market center. ready and efficient attention to customers also attracts customers. availability of services to customers at most times when required. the high demand for the service creates good work done hence good profits earned. unpredictable security measures in the surrounding could contribute to insecurity and risk to my business. money laundering . tags among risks facing my business. monthly it costs me a sum of ksh7300 and my monthly sales revenue and profits sum to ksh23500. with the farm products at hand. they can as well be sold to repay the loan also the house holds.
Loan Proposal
Thank you so much zidisha for assisting me up to these stage including mu volunteer mentor.i will now use the loan to increase my mpesa float.i will also apportion some of the loan to buy credit cards,simsex for replacing lost Sim cards.
I will also increase the chargers for several phone s as i also do phone charging in the shop.
I do appreciate your assistance and God bless you so much.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$250.00
Date disbursed
Jan 23, 2014
Repayment status
Late
Projected term
31 months
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