Business: Mobile Money and Banking Agency.
Location: Molo Town.
Years in Operation: 3 Years.
Amount needed: $250.
Moses Wamae is a household name among business people both small and large in Molo town as well as most users of mobile money agencies. His tiny shop at the farthest corner of the main stage street is always packed with clients. The fact he is only three years into the business notwithstanding for he is loved immensely by the people who get served at his shop. The market women sing his praise and schools in Molo have no qualms about their students paying school fees through his agency.
Besides the known MPESA Agency, he also serves as an Equity Bank, Cooperative Bank and National Bank Agent. This way he is able to meet the needs of both the banked and unbanked clientele. On the shop’s walls, he has neatly displayed the pay bill numbers and account numbers of many common businesses, service deliverers, institutions and schools for his clients to access with ease. He is very friendly and gently with utmost patience serves each of his customers. It is amazing how they would rather wait in line for their turn rather than go the nearest Agents who are mostly less busy.
Wamae has created employment for one young man and also opened a separate MPESA Agency Shop for his wife in Molo town. Besides the financial services, he also sells mobile phone accessories in his shop. From these ventures, he is able to take care of his young family of wife and child as well as save for the child’s education. He is focused on opening a third shop to serve a larger market and in turn raise his profit earnings. He is optimistic that his popularity and customer retention history will work in favor of the new shop and enable him to scale up. The third shop will also allow him to create employment for one more person and this he believes is his way of making an impact in his community.
He is seeking $250 from Moto Hope Micro Lending in order to increase the cash float in the MPESA Agency.