Offer mobile phone payment services at our general store

Entrepreneur

About Me

I am 36 years old, married and blessed with 2 children. I have a five year old daughter called Abigael and I am holding my young son James in my profile photo. I successfully completed my secondary education and later did training in phone repair. I later started an electronic business which deals with selling & repair of phones but I have now closed this business to work with my wife in a general store. With the profit from the store we support ourselves and our children and we try to assist our younger siblings with high school fees.

My Business

My wife Shillah and I are working in a general store in Githurai Progressive in Nairobi. We sell basic food items like eggs, flour, sugar,milk,washing powder, bread toilet paper and mobile phone air time. As Shillah is a trained tailor she also runs a tailoring business at the store by repairing and making clothes. We also offer phone charging service for people who do not have electricity in there houses. We also offer Mpesa mobile phone money transfer service. The different parts of the business work well together. For example, customers sometimes withdraw money using Mpesa and then spend that money on items in our store. Our monthly profit is about 13,500 shillings each month (US$ 150). Sometimes I also assist a friend in his electronics store and I usually earn around 5,000 shillings each month ($60) from this.
I greatly thank Zidisha for the just concluded loan that has now increased our income by ksh 2500 shillings each month ($30)

Loan Proposal

I want to use all of the loan money for the operating float for my mpesa business. People use this service to deposit and withdraw their money via mobile phone. Sometimes we do not have enough cash in our store to allow customers to withdraw as much money as they would like so we lose some business and profit. With the loan money we will be able to offer more withdrawals to customers and hopefully increase our profit by about 3,000 shillings per month (US$35). I experienced some business problems during my first Zidisha loan which means some of my repayments were a bit late. I have now closed that business and the general store is doing well and my profits are steady so I believe I will be able to repay this second loan on time.

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