Loan for cereals business & M-Pesa agency
Ong'era
Nairobi, Kenya
6% repaid
Entrepreneur
Name
Ong'era
Member since
April 2015
On-time repayments
108 installments • 71%
About Me
Born and brought up in Kisii town. Grew up to join school at Bosire Primary School. Sat for my KCPE in 2005 only to join Moi Forces Academy, Nairobi. This was my first and greatest achievement. I loved my school and still love it till today. Cleared in 2009 with a feeling of satsified with every moment in school and with some shades of fear of missing my school. I remember studying till late hours of the night so as to up my grades that would see me join the national school of my choice. That of course came to be replication even in my high school life that has enabled me join Technical University of Kenya and pursuing a course of my choice-BSc. Mathematics.
My Business
Currently am doing supply of rice, pishori to some hotels in Nairobi town and individuals that have now subscribed for monthly deliveries. The products sell very well as its in high demand and customers love it because of its sweet aroma besides being that it is consumed by all and sundry. I choose this business because of my desire to establish a regional supplies company of foodstuff especially rice. I have to go out of my way to spend a good percentage of my time and finance to ensure the supply is regular and market satisfactory. The profits i get are reinvested for the purpose of growing business. This year -2016, I managed to secure a stall that acts as my business premises this came with some advantage in that i can introduce other cereals. i look forward to being innovative to maximize the use of the stall.
Loan Proposal
I have secured an mpesa line i.e. a mobile money transfer system whereby am the agent where my customers deposit or withdraw at my shop. The money I will get from Zidisha will be enough to kick off the business. This Mpesa - mobile money service does require virtual or rather electronic money of about $400 , also known as float.
It is not my first time to operate an mpesa agent, but this one will be my very own.
The returns range from $100-$180 a month.
For this I seek the of my esteemed lenders.
Thank you.
With Regards.
Danvas Ong'era
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Loan Info
Project Type
Classic Loan
Disbursed amount
$530.00
Date disbursed
Feb 15, 2017
Repayment status
Late
Projected term
61 months
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