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Mr. Kipkoech confronted a significant challenge in managing his money flow, which hindered his capability to purchase inventory and expand his business. He needed a reliable resolution to deal with this issue and ensure the sustainability of his enterprise. Peter sought help from a good friend who assisted him in registering his Safaricom line using the company’s on-line registration portal.
Meet Peter Mwangi, a contract author in Eldoret who uses E-Loan Cooperative Bank for his personal mortgage repayments. In this case research, we’ll explore how Peter paid his e-loan using mobile cash. When the HELB loan portal is open, you’ll find a way to apply for a mortgage by visiting the HELB web site and following the online software course of.
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To register a Safaricom line for M-Pesa, you’ll need a sound Kenyan ID, a Safaricom SIM card, and a mobile phone that is compatible with the Safaricom community. Are you looking to register for MPESA Xpress, a convenient cell cost service? Within six months, Elizabeth saw a big enhance in gross sales, from KES 50,000 to KES 75,000 per month, due to the convenience and speed of mobile funds.
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Wakili’s enterprise has been struggling to access credit score because of limited financial history and collateral. Elizabeth Njeri, a small business owner from Mombasa, struggled to handle cash transactions for her bakery. She relied on handbook record-keeping and spent a major amount of time reconciling accounts. Within three months, Waweru noticed a major reduction in transaction processing time, from 30 minutes to 5 minutes per transaction. He additionally skilled a 25% enhance in gross sales as a result of convenience and speed of cellular payments.