Funding for my M-Pesa money-transfer business & my clothing business
Henry
Mombasa, Kenya
100% repaid
Entrepreneur
Name
Henry
Member since
July 2014
On-time repayments
268 installments • 81%
About Me
My name is Henry Muya, born in Nakuru County in the Rift Valley region of Kenya. I was born in a family of nine where I am the fourth born. My parent are small scale farmers in Nakuru. I went to local schools for my primary and secondary education and then enrolled in a college where I got training in computer applications and Business management. I have done a course in Accounting here in Mombasa.
After my college education, I was employed to work in a micro-finance in Mombasa where I worked for three years. I later quit my job due to strong desire to start my own business. I started small by starting an mobile phone accessories shop which later expanded to include mobile money transfer which is very popular here in Kenya.
I am married to one wife.
My Business
My business entails sale of cloths and mobile phone accessories and mobile money transfer popularly known as Mpesa. The business is located in Mombasa in an area which is densely populated. I get my stock mostly from Nairobi but I am hoping to start traveling abroad to get them from the source market. My products range from phone chargers, batteries, earphones etc. All these products are very popular with the masses and I am always assured of a steady flow of clients.
On the cloths business i mostly deal with men's shirts and trousers which move so much because of the location of my business
The business is quite profitable and I usually make a net monthly profit of about $400. This business two businesses has potential to yield much more if given much needed capital. I have a strong desire to expand my business but this is only possible if I can access credit facility hence my decision to continue with Zidisha.
Loan Proposal
My Previous loan i increased the stock for my phones ,this time around i want to boost the other one for money transfer business which is known as M-pesa. This is a very popular money transfer service and almost everybody in Kenya uses it for all kind of money transactions. I am an agent where I serve people from my small outlet here in town. The agents are required to deposit some money with the service provider (float) and customers can withdraw this money from the agent. Once the amount is depleted, the agent needs to deposit more money to continue with the business.
From the above arrangement, the more deposit you have the more clients you can serve. I am anticipating a rise in money transfer as we head to this festive season and getting this money at this time will be timely.
Thank you so much as you consider funding my application.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$461.00
Date disbursed
Nov 26, 2015
Repayment status
On Time
Projected term
21 months
Lenders
Auckland, New Zealand
North Carolina, United States
Liminka, Finland
Germany
Fontvielle, Monaco, Yemen
United States
United States
Taiwan
United States
United States
United States
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Summary
Amount repaid
$484.58
Amount remaining
$0.00
Date repaid
Feb 6, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Dec 6, 2015 | $10.00 | Dec 8, 2015 | $10.00 |
| Dec 13, 2015 | $10.00 | Dec 16, 2015 | $10.00 |
| Dec 20, 2015 | $10.00 | Dec 20, 2015 | $10.00 |
| Dec 27, 2015 | $10.00 | Dec 29, 2015 | $10.00 |
| Jan 3, 2016 | $10.00 | Jan 4, 2016 | $10.00 |
| Jan 10, 2016 | $10.00 | Jan 13, 2016 | $10.00 |
| Jan 17, 2016 | $0.00 | ||
| Jan 24, 2016 | $5.00 | Jan 25, 2016 | $5.00 |
| Jan 31, 2016 | $5.00 | Jan 30, 2016 | $5.00 |
| Feb 7, 2016 | $5.00 | Feb 15, 2016 | $5.00 |
| Feb 14, 2016 | $5.00 | Feb 15, 2016 | $5.00 |
| Feb 21, 2016 | $5.00 | Feb 27, 2016 | $5.00 |
| Feb 28, 2016 | $5.00 | Feb 27, 2016 | $5.00 |
| Mar 6, 2016 | $5.00 | Mar 19, 2016 | $5.00 |
| Mar 13, 2016 | $5.00 | Mar 19, 2016 | $5.00 |
| Mar 20, 2016 | $5.00 | Mar 21, 2016 | $5.00 |
| Mar 27, 2016 | $5.00 | Mar 21, 2016 | $5.00 |
| Apr 3, 2016 | $5.00 | Mar 23, 2016 | $5.00 |
| Apr 10, 2016 | $5.00 | Mar 23, 2016 | $5.00 |
| Apr 17, 2016 | $5.00 | Apr 18, 2016 | $5.00 |
| Apr 24, 2016 | $5.00 | Apr 18, 2016 | $5.00 |
| May 1, 2016 | $5.00 | May 3, 2016 | $5.00 |
| May 8, 2016 | $5.00 | May 17, 2016 | $5.00 |
| May 15, 2016 | $5.00 | May 17, 2016 | $5.00 |
| May 22, 2016 | $5.00 | May 28, 2016 | $5.00 |
| May 29, 2016 | $5.00 | May 28, 2016 | $5.00 |
| Jun 5, 2016 | $5.00 | May 28, 2016 | $5.00 |
| Jun 12, 2016 | $5.00 | May 28, 2016 | $5.00 |
| Jun 19, 2016 | $5.00 | Jun 21, 2016 | $5.00 |
| Jun 26, 2016 | $5.00 | Jun 26, 2016 | $5.00 |
| Jul 3, 2016 | $5.00 | Jul 9, 2016 | $5.00 |
| Jul 10, 2016 | $5.00 | Jul 15, 2016 | $5.00 |
| Jul 17, 2016 | $5.00 | Jul 17, 2016 | $5.00 |
| Jul 24, 2016 | $5.00 | Jul 30, 2016 | $5.00 |
| Jul 31, 2016 | $5.00 | Aug 5, 2016 | $5.00 |
| Aug 7, 2016 | $5.00 | Aug 13, 2016 | $5.00 |
| Aug 14, 2016 | $5.00 | Aug 16, 2016 | $5.00 |
| Aug 21, 2016 | $5.00 | Aug 21, 2016 | $5.00 |
| Aug 28, 2016 | $5.00 | Sep 2, 2016 | $5.00 |
| Sep 4, 2016 | $5.00 | Sep 3, 2016 | $5.00 |
| Sep 11, 2016 | $5.00 | Sep 13, 2016 | $5.00 |
| Sep 18, 2016 | $5.00 | Sep 13, 2016 | $5.00 |
| Sep 25, 2016 | $5.00 | Sep 16, 2016 | $5.00 |
| Oct 2, 2016 | $5.00 | Sep 16, 2016 | $5.00 |
| Oct 9, 2016 | $5.00 | Sep 21, 2016 | $5.00 |
| Oct 16, 2016 | $5.00 | Sep 21, 2016 | $5.00 |
| Oct 23, 2016 | $5.00 | Sep 22, 2016 | $5.00 |
| Oct 30, 2016 | $5.00 | Sep 22, 2016 | $5.00 |
| Nov 6, 2016 | $5.00 | Nov 5, 2016 | $5.00 |
| Nov 13, 2016 | $5.00 | Nov 12, 2016 | $5.00 |
| Nov 20, 2016 | $5.00 | Nov 26, 2016 | $5.00 |
| Nov 27, 2016 | $5.00 | Nov 26, 2016 | $5.00 |
| Dec 4, 2016 | $5.00 | Dec 6, 2016 | $5.00 |
| Dec 11, 2016 | $5.00 | Dec 6, 2016 | $5.00 |
| Dec 18, 2016 | $5.00 | Dec 19, 2016 | $5.00 |
| Dec 25, 2016 | $5.00 | Dec 25, 2016 | $5.00 |
| Jan 1, 2017 | $5.00 | Dec 25, 2016 | $5.00 |
| Jan 8, 2017 | $5.00 | Dec 25, 2016 | $5.00 |
| Jan 15, 2017 | $5.00 | Dec 25, 2016 | $5.00 |
| Jan 22, 2017 | $5.00 | Jan 24, 2017 | $5.00 |
| Jan 29, 2017 | $5.00 | Jan 27, 2017 | $5.00 |
| Feb 5, 2017 | $5.00 | Jan 27, 2017 | $5.00 |
| Feb 12, 2017 | $5.00 | Jan 27, 2017 | $5.00 |
| Feb 19, 2017 | $5.00 | Jan 27, 2017 | $5.00 |
| Feb 26, 2017 | $5.00 | Jan 27, 2017 | $5.00 |
| Mar 5, 2017 | $5.00 | Jan 27, 2017 | $5.00 |
| Mar 12, 2017 | $5.00 | Jan 27, 2017 | $5.00 |
| Mar 19, 2017 | $5.00 | Jan 27, 2017 | $5.00 |
| Mar 26, 2017 | $5.00 | Jan 27, 2017 | $5.00 |
| Apr 2, 2017 | $5.00 | Jan 27, 2017 | $5.00 |
| Apr 9, 2017 | $5.00 | Jan 31, 2017 | $5.00 |
| Apr 16, 2017 | $5.00 | Jan 31, 2017 | $5.00 |
| Apr 23, 2017 | $5.00 | Jan 31, 2017 | $5.00 |
| Apr 30, 2017 | $5.00 | Feb 3, 2017 | $5.00 |
| May 7, 2017 | $5.00 | Feb 3, 2017 | $5.00 |
| May 14, 2017 | $5.00 | Feb 3, 2017 | $5.00 |
| May 21, 2017 | $5.00 | Feb 3, 2017 | $5.00 |
| May 28, 2017 | $5.00 | Feb 3, 2017 | $5.00 |
| Jun 4, 2017 | $5.00 | Feb 3, 2017 | $5.00 |
| Jun 11, 2017 | $5.00 | Feb 3, 2017 | $5.00 |
| Jun 18, 2017 | $5.00 | Feb 3, 2017 | $5.00 |
| Jun 25, 2017 | $5.00 | Feb 3, 2017 | $5.00 |
| Jul 2, 2017 | $5.00 | Feb 3, 2017 | $5.00 |
| Jul 9, 2017 | $5.00 | Feb 6, 2017 | $5.00 |
| Jul 16, 2017 | $5.00 | Feb 6, 2017 | $5.00 |
| Jul 23, 2017 | $5.00 | Feb 6, 2017 | $5.00 |
| Jul 30, 2017 | $5.00 | Feb 6, 2017 | $5.00 |
| Aug 6, 2017 | $5.00 | Feb 6, 2017 | $5.00 |
| Aug 13, 2017 | $5.00 | Feb 6, 2017 | $5.00 |
| Aug 20, 2017 | $5.00 | Feb 6, 2017 | $5.00 |
| Aug 27, 2017 | $5.00 | Feb 6, 2017 | $5.00 |
| Sep 3, 2017 | $4.58 | Feb 6, 2017 | $4.58 |
Day Family Apr 25, 2019
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