Business: Retail Shop & MPESA Agency.
Location: Nyayo Canan Estate, Nairobi.
Years in Operation: 3 Years.
Amount needed: $1,500.
Kepha is a very focused young man who will do all it takes to prosper in business and in life. He has run a retail shop for the last three years in Nairobi’s Canan Estate in Nyayo and many people children and adults alike love and respect him. He is an example for his mates to emulate and the pride of his parents. Everything he does he says, is not just for himself and his own good but for his family as well. The shop is doing very well lately he says thanks to the availability of funds that he has been accorded by Moto Hope Micro Lending.
He has borrowed two loans before, one of $300 and the next of $1000. Both have gone towards boosting his businesses. The retail shop stocks fast moving goods demanded by the people who neighbor it as well as passers by. In addition, he also deals in mobile money transfer for he runs an MPESA Agency within the shop that serves many customers. Kepha also sells eggs on both wholesale and retail basis for he is a very passionate poultry farmer. He keeps layers back home which his mother and brother help him to take care of.
Kepha is now seeking $1,500 to further boost his business. See, all three, the retail shop, the eggs business and the MPESA Agency are all doing well but could definitely do better. The more profits he makes, the more possibilities for more and more profits he sees and is motivated to make. As he did with the previous $100 advanced to him, he will also split the $1,500 across all his business with the larger chunk of it going towards the poultry farming. He will be able to buy better quality chicken feeds and add to the layers stock so as to be able to improve the eggs production. Demand for eggs at his shop has also gone up as there is a shortage in the supply of eggs within the whole city and in major towns across the country. The loan will enable his business to stay afloat making profits that will enable him to provide for his family and pay for his younger brother’s education.