Increase Mpesa (mobile money) working capital for my IT business
Kiplangat
Bomet, Kenya
100% repaid
Entrepreneur
Name
Kiplangat
Member since
December 2014
On-time repayments
384 installments • 79%
About Me
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My Business
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Loan Proposal
Hi lenders ,my loan has just come to a conclusion paid fluently without any difficulty, it's solely because of the current status of the business having diversified my portfolio by extending to offering Mpesa services which picked up very well. My cash flow has tremendously rise by a big percentage. Currently I am serving over Mpesa 50 customers per day but I feel more could be done if the prevailing financial constraints could be extended to higher limit.This is due to very high flactuating and unpredictable flow between cash float and Mpesa float.I would feel that should employ a better working capital in my business I would increase the number of my Mpesa customer.
I am now applying for a loan of ksh 62000 to boost my Mpesa working capital. currently I am working with a float of ksh 50,000 and I would like to add it up to ksh.110,000 to avoid the adverse flow of cash float and Mpesa float.
I will be much greatful if my application is considered.
Thanks in advance.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$625.00
Date disbursed
Jul 20, 2016
Repayment status
On Time
Projected term
9 months
Other loans
Lenders
Washington, DC, United States
United States
United States
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