Loan for mobile-phone business expansion: "Yes, we can!"

Entrepreneur

About Me

A businesses oriented young professional with aim of realising financial independence both for myself and the people I employ more so as I champion financial inclusion to the unbanked.

My Business

Mobile financial services being a part of the emerging DFS that are a competitive option to traditional banking services.

Loan Proposal

The loan i previously accessed gave me the financial opportunity of increasing my capital base through the sale of Ultra low cost handsets. My plan is to continue with the same but add on offering of Mobile financial services which is a viable business more so in rural areas were the majority of people are unbanked. I will invest it in Mobile money business thus the money will be used as float to enable cash ins and cash outs in the Mobile financial services. A balance of $100 cash and $100 e-value will be the purpose of the loan,another $100 is needed for rental and local municipal land rates.This will see me offering more Mobile oriented products,i intend to grow this business to yield at least $1,000 after all costs and expenses have been factored in by the end of the year.

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Loan Info

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