Entrepreneur
Name
Rose J.
Member since
April 2016
On-time repayments
259 installments • 75%
About Me
I Rose Joseph Mlunga was born on 31st of December 1986 at the old town of Kilimanjaro in Tanzania, i am the last born in our family of six siblings. i both attended by primary and O-level secondary school in Tanzania. Then after there i continued to pursue A-level secondary in Uganda. While in A-Level i performed very well in the senior six national examination, which earned me a change to study mu university degree in Uganda.
I pursued a university degree at Makerere Univeristy of Uganda, from 2006 August, until my graduation in 10th January of 2010 with a Bachelor of Arts in Economics. While i was still at Makerere n University got my boyfriend while i was in the second year. So we stared planning for our future so today an married to Frank Mageto and we live in Kenya., and we are blessed with one daughter.
My Business
So i run a mobile banking business(M-pesa) and phone accessories here in Kenya in a town called Kisii. also a alongside the mobile banking business i sell secondhand handbags and secondhand clothes. At times you find business is wobbling up and down due to seasons.
So intend to expand my mobile phone accessories once i receive the funds. Mobile banking has saved people a lot because they can send and receive money at any time and anywhere, so this make the business very stable and increase income to business.
In this mobile banking business i make US$ 200 a month, apart from mobile banking i do mobile phone charging to clients in which i charge Us $ 0.2 per phone, also i sell airtime in my shop.
Therefore upon receiving this money i will increase my mobile banking float and buy 10 additional chargers to charge more phones from clients.
Thanks in advance zidisha team for giving me this opportunity.
Loan Proposal
Once i receive this money am planning to purchase power generator to substitute electricity so as to retain my customer during blackout periods. So i will use these funds as follows;
1. Purchasing the 3KV power generator at Usd 85/- which is Ksh 85,000/-
2. Change over at Usd 50/- which is Ksh 4,000/-
3. Power cables at Usd 20 which is Ksh. 2,000/-
4. Wages for the technician at Usd 50/- which is Ksh 4,000/-
So once i receive these i will utilize as i have stated above, and this power generator will substitute. This will solve the problem of not working when there is no electricity, power problem is our major challenge to the business.
These will make me earn more when there is power blackouts since prices double when there is no power and a few people have power generators.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$937.00
Date disbursed
Dec 30, 2017
Repayment status
On Time
Projected term
24 months
Other loans
Lenders
United States
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