Kickstart Mobile Banking, Airtime, and Electricity Token Sale Projects

Eric

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Eric

Member since

May 2014

On-time repayments

344 installments  •  67%

About Me

I am a young self motivated, passionate, focused, trustworthy and hardworking businessman, I am a Kenyan living in Nairobi, passionate about job creation to the young people. I see a great future in entrepreneurship in the very near future.

Professionally: I am a Licensed Pharmaceutical Technologist, Passionate for my profession and always striving to achieve excellent pharmaceutical practice. I am a key leader for our pharmacy professional body as the National S.G.

The Practice: I am honored to serve patients from all walks of life and facilitate their access to life saving treatment and interventions at the job-level and Interactive/social-level. I got an all-round experience from Community Pharmacy Practice, Mission Hospital based Practice, Private Hospital Based Practice and Institutional Pharmacy Practice.

I enjoy meeting people and making new friends. I am a mentor too, I love inspiring others. My dream is to grow my businesses and offer more meningful job opportunities to many.

My Business

I run a cybercafe, two microbuses and two three-wheeler tuk-tuks for public service transportation which are all doing well now. I have 9 employees now and hope to expand more with this loan.
The Cybercafe business has been there since February 2014 and really shot up income-wise since investing my last zidisha loan amount in a Konica Minolta Bizhub C360 Printer and camera and after I got a strategic location that has higher customer traffic. This gives me the enthusiasm to equip it further.

Having excelled in Tuk Tuk public transport service and the spare parts garage kicking on well, I am now venturing into microbus transport services. I intend to buy one more second hand Suzuki Every which costs USD 4,500. It's a seven-seater with a daily net return of USD 15.

Zidisha can currently give me USD 2,985. I will raise the difference. (I have it ready)

I intend to use the loan to fully finance this transport business portfolio expansion venture.

In addition to my other businesses in the public transport industry and the IT/Cyber sector, the new investment in a Suzuki Every vehicle will bring in an estimated average net income of USD 15 per day at the onset.

I have repaid Zidisha Loans before and I can confirm that I will be able to repay back the loan funding in good time.

Loan Proposal

When granted the USD 880 Loan I will buy Token and airtime Vending Machine at USD200. and Put a working float of USD 100. With this machine I will be ble to sell airtime for four major mobile phone services= providers in Kenya, every transaction I make on airtime I will get 6% commission, I will also be able to do Electricity token sales at 2% commission, Mpesa Line and float will cost USD300 the commissions are pegged to the amount and type of transaction - deposits and withdrawals. The rest of the money in the loan will go into set up, simple branding and a few small logistics. Equity agency will have to come later on but this will be a good start and will grow the business greatly and create at least one more job opportunity.

I wish to mention that I moved to a better located shop and for the last 2 months I have been getting several requests to offer mobile/agency banking services, tokens and airtime on a daily basis.

I appeal to Zidisha Lenders to help me realize this vision Fast as possible.
I wish to mention that I'm on employment and can always support loan repayment from my monthly income.


I thank you all in advance.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$892.00

Date disbursed

Jul 11, 2016

Repayment status

On Time

Projected term

13 months

Lenders

Paul Buchheit

Mountain View, United States

Alberto Cereser

Copenhagen, Denmark

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

A

Anonymous

United States

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Summary

Amount repaid

$936.60

Amount remaining

$0.00

Date repaid

Aug 23, 2017

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jul 22, 2016 $30.25 Jul 23, 2016 $30.25
Jul 29, 2016 $30.25 Aug 3, 2016 $7.06
Aug 11, 2016 $23.19
Aug 5, 2016 $30.25 Aug 11, 2016 $7.06
Aug 16, 2016 $23.19
Aug 12, 2016 $30.25 Aug 16, 2016 $17.14
Aug 20, 2016 $10.08
Aug 24, 2016 $3.02
Aug 19, 2016 $30.25 Aug 24, 2016 $30.25
Aug 26, 2016 $2.02 Aug 24, 2016 $2.02
Sep 2, 2016 $0.00
Sep 9, 2016 $15.12 Sep 19, 2016 $5.04
Sep 22, 2016 $10.08
Sep 16, 2016 $15.12 Sep 22, 2016 $5.04
Sep 24, 2016 $10.08
Sep 23, 2016 $15.12 Oct 22, 2016 $15.12
Sep 30, 2016 $15.12 Oct 22, 2016 $15.12
Oct 7, 2016 $15.12 Nov 4, 2016 $15.12
Oct 14, 2016 $0.00
Oct 21, 2016 $0.00
Oct 28, 2016 $0.00
Nov 4, 2016 $0.00
Nov 11, 2016 $0.00
Nov 18, 2016 $5.04 Nov 20, 2016 $5.04
Nov 25, 2016 $5.04 Nov 24, 2016 $5.04
Dec 2, 2016 $5.04 Nov 24, 2016 $2.02
Dec 11, 2016 $3.02
Dec 9, 2016 $5.04 Dec 11, 2016 $2.02
Dec 20, 2016 $3.02
Dec 16, 2016 $5.04 Dec 20, 2016 $2.02
Jan 3, 2017 $3.02
Dec 23, 2016 $5.04 Jan 3, 2017 $2.02
Jan 10, 2017 $3.02
Dec 30, 2016 $5.04 Jan 10, 2017 $1.01
Jan 14, 2017 $2.52
Jan 19, 2017 $1.51
Jan 6, 2017 $5.04 Jan 27, 2017 $5.04
Jan 13, 2017 $5.04 Jan 27, 2017 $5.04
Jan 20, 2017 $5.04 Jan 27, 2017 $5.04
Jan 27, 2017 $5.04 Jan 27, 2017 $5.04
Feb 3, 2017 $5.04 Feb 6, 2017 $5.04
Feb 10, 2017 $5.04 Feb 9, 2017 $5.04
Feb 17, 2017 $5.04 Feb 19, 2017 $5.04
Feb 24, 2017 $5.04 Feb 25, 2017 $5.04
Mar 3, 2017 $5.04 Mar 21, 2017 $5.04
Mar 10, 2017 $5.04 Mar 21, 2017 $5.04
Mar 17, 2017 $5.04 Mar 21, 2017 $5.04
Mar 24, 2017 $5.04 Mar 31, 2017 $5.04
Mar 31, 2017 $5.04 Apr 7, 2017 $5.04
Apr 7, 2017 $5.04 Apr 22, 2017 $5.04
Apr 14, 2017 $5.04 Apr 22, 2017 $5.04
Apr 21, 2017 $5.04 Apr 22, 2017 $5.04
Apr 28, 2017 $5.04 Apr 22, 2017 $1.01
Apr 27, 2017 $4.03
May 5, 2017 $5.04 Apr 27, 2017 $5.04
May 12, 2017 $5.04 Apr 27, 2017 $1.01
May 12, 2017 $4.03
May 19, 2017 $5.04 May 12, 2017 $1.01
May 25, 2017 $4.03
May 26, 2017 $5.04 May 25, 2017 $5.04
Jun 2, 2017 $5.04 May 25, 2017 $1.01
Jun 6, 2017 $4.03
Jun 9, 2017 $5.04 Jun 6, 2017 $2.02
Jun 20, 2017 $3.02
Jun 16, 2017 $5.04 Jun 20, 2017 $5.04
Jun 23, 2017 $5.04 Jun 20, 2017 $2.02
Jun 28, 2017 $3.02
Jun 30, 2017 $5.04 Jun 28, 2017 $5.04
Jul 7, 2017 $5.04 Jun 28, 2017 $5.04
Jul 14, 2017 $5.04 Jun 28, 2017 $5.04
Jul 21, 2017 $2.02 Jun 28, 2017 $2.02
Jul 28, 2017 $20.17 Jul 30, 2017 $10.08
Aug 2, 2017 $10.08
Aug 4, 2017 $20.17 Aug 22, 2017 $20.17
Aug 11, 2017 $20.17 Aug 22, 2017 $20.17
Aug 18, 2017 $20.17 Aug 22, 2017 $20.17
Aug 25, 2017 $448.58 Aug 23, 2017 $448.58
Sep 1, 2017 $0.00

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