Business expansion

Lydia Mwakwida

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Lydia Mwakwida

Location

Nairobi, Kenya

On-time repayments

19 weekly installments  •  100%

About Me

My name is Lydia Mwakwida, I am a business lady married with 3 children. I hail from coastal region of Kenya. I did both primary and secondary Education in Coast region. My father before his demise was a business man. He introduced me greatly to business as I was her favorite daughter. He had a registered business and a farm. In my teen years I would accompany him when he does direct sales hence my learning in interpersonal relationship with clients. I did my college training in Nairobi where I got married, me and my husband later agreed that as a couple we should not go for formal employment. That is about 14 years ago I have been in running our family business. My business started small with little support from members of family. The business has had its shares of trouble like wrong partnership, business doors closed because of rent problems but we thank God we have overcome all

My Business

I operate a cyber cafe as the main business, the activities include printing, browsing, Photocopying, scanning, Internet services. Others side activities are selling popcorn, selling exercise books. My typical costs are rental, my assistant wages and cost of buying stocks. The proceeds from the business I use in paying school fees, my rental house and supporting my extended family

Loan Proposal

My loan will basically be used for growing my business, I need to plan to buy stationeries before the schools re-opening when demand is still down and prices low.

Income Source

My cyber is a business that is ongoing, through the daily income I will be able to save and service my loan

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$119.27

Date disbursed

Dec 8, 2020

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: 10% of $119.27 = $11.52

Credit risk payment: $12.67

Lenders

Karijn

Amsterdam, Netherlands

Ren

Minneapolis/StPaul, United States

A

Andy

United States

D

dasantewoman

Indianapolis, United States

S

Simon

United States

A

Alvin

United Kingdom

J

Josiah

United States

finn

munich, Germany

J

Jessa

United Kingdom

R

Roxanne

United Kingdom

topee

United Kingdom

R

Roseanne

United States

N

Noel

United States

Ask Lydia a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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