Cybercafé business

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

I plan to upgrade my internet and buy two computers, my cyber has space for two more computers and at the moment the internet that I am using is not appropriate I need to subscribe to another better and faster one. This will help increase clients numbers

Income Source

The business has withered a lot of storms, even the current economic corona storm, now as the schools are being reopened; the business requires capital to get it on toes. The activities that the business does are school based.so the business requires stock; printing papers, books, tonners. These goods are not dead stock reselling and their utilization brings money and profit

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$40.53

Date disbursed

Oct 27, 2020

Repayment status

On Time

Projected term

5 weeks

Cost to entrepreneur

Service fee: 10% of $40.53 = $3.91

Credit risk payment: $3.52

Lenders

D

dasantewoman

Indianapolis, United States

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