Mobile phone accessories and mpesa

Entrepreneur

About Me

I was born in nairobi donholm area.i undertook my primary and secondary level in donholm.life in the city was difficult but my family managed to sail through.handwork has always seen me through hardships,believing too.after high school with the help of my family i was able to start my own business which is operating an mpesa agent a service which enables transfer of money through mobile network at a fee.i have two daughters who are young and one is in nursery school and the young one is 9months old. my older daughter dreams of becoming so many things given that she is still young to understand, she is barely 4years. at times she wants to be a doctor, then like mommy, then a teacher.....but we are working hard to better their lives.my hobbies are socializing,singing and listening to music.

My Business

basically i offer services of withdrawal,deposit and customer registration to the Mpesa money transfer service.Mpesa which is owned by safaricom is a widely used service in kenya and almost everybody relies on this service, being an agent safaricom company pays us commission on the number of transactions carried out within the month in relation to the amount tnsacted and that's how we get to make profit.however the cash for deposit and withdrawal is provided by us agents.I chose this business cause it is easy to operate and since it deals with cash no loss is incurred in breakages or damages of goods.my typical cost is $167 but i use $890 for float and cash for transactions.the profit is $167-222.depending on number of transactions per month.that is the cash for withdraw and deposit.this does not change through the month.I use the profits to pay for my bills and fees and also save for the future and incase of emergencies

Loan Proposal

I normally use the loan to add to my mpesa float to enable me serve more customers with need for large sums of money.
my business involves money transfer via phone and I also sell a few phone accessories to supplement my income given that I have a family.
with the money transfer service am offering to customers I am able to earn commission depending on the number of transactions and also the amount transfered. The larger the amounts of money I handle the more my commission will be at the end of the month.
The loan will help me increase my earnings hence grow my business and also meet more needs for my family and also be able to repay my loan on time.
Finally,I had planned to buy my daughter a new pair of uniform and tracksuit,by the grace of God I got her the tracksuit but I was not able to buy her uniform,so if my earnings increase this round I will try my best to buy her that uniform.
Kindly help me dear lenders to raise my loan and I promise to repay on time. thanks alot and God bless.

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Loan Info

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