Business: Phone & M-pesa Shop
Location: Molo town
Years in Operation: 3.5 years
Amount Needed: $500
John Muriuki Njau is a teacher by profession and has an M-PESA shop in Molo town, which he started in 2014 and has been able to grow from strength to strength. In the M-PESA shop John has stocked phone accessories and soft drinks which he sells to the customers around the area.
He has one employee who works in the shop since he is an employed teacher, his vision being to add the latest versions phones in his shop in order to meet the overwhelming demand of his customers. He requested a loan to add the M-PESA cash float and buy more accessories.
Impact of the loan:
The loan has boosted his daily M-PESA transactions. John intend to get a reliable IT expert who he can hire to repair the phones and to expand into selling laptops which is a rising need among the people of Molo town. The loans create employment as well as adding value to peoples’ lives.