Loan for my Airtel money-agent business

Gladys

Embakasi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Gladys

Member since

January 2016

On-time repayments

107 installments • 68%

About Me

My name is Gladys Ndungwa Kavita, Kavita is my dad.My home is located in Tala, Kangundo in Machakos County. Am the 3rd born in a family of five. i have two brothers and two sisters. I went to Matungulu Primary School where i passed well and joined kangundo girls academy where i also perfomed well despite all the challenges i faced like being sent home for school fees most times, But by Gods grace i completed my education in 2009.
After high school i couldn not go to college or campus due to lack of funds so i moved to Nairobi and joined my elder sister. She didn't have a well paying job i had to hustle to substitute her income. i worked as a casual worker at a local school. After two years i had made some savings and decided to go college but it couldnt take me through so i dropped out during the third semester and that was the end of my education life.
I started job hunt with my half cooked curriculum vitae(no experience) but God is great i secured a job at jumbo quality mattresses as a counter sales girl. my salary was kes 18000 but after making all deductions(tax, medical cover, bus fare on daily basis etc) i could only take home kes 6000. i worked there until late 2016 when I decided to start a small business. I settled for packed drinking water supply and distribution

My Business

I run a purified water depot business under A company called Aquaridge limited,where i am a major supplier and distributor of fresh purified drinking water in some parts of Nairobi and most of parts in eastern Kenya. Due to hot seasons drinking water has been a major problem to many parts of the country that's why I came up with the business idea of water supply in the most affected counties in our country.
I choose water business because it is the type of business your are almost sure of its continued growth and ready cunsumers for the service you are offering.
Basically the only expenses i have are the rent for the premises, electricity bills,money to advance my stock and the local government wok permit which costs me 30000 kes per year. I pay a monthly rent of kes 8500 and an electricity bill of kes 400. Since the business is located around where i live i don't incur bus fare cost. after all the expenses, i take home an average of kes 35000 every month and sometimes up to kes 45000 on a good month.
I have one beautiful daughter who is six years old and wishes to become a pilot when she grows up.
At the end of every month I pull funds and pay all the utility bills, house rent and school fees for my daughter then plough back some percentage of the money into my business and the rest goes to medical cover and savings.

Loan Proposal

I previously got a loan from zidisha which I used to acquire a Airtel money agent till which is a mobile money transfer service for airtel subscribers in Kenya.
I followed all the necessary procedures and acquired the till but am facing the challenge of lack of enough float or liquid cash and solid cash. This reduces the number of daily transactions hence low commission payout at the end of the month.
If I acquire this loan of KSH $320 (kshs32000) i I will used $150 (Kshs 15000) as liquid cash or float and the balance of $170 (Kshs 17000) as cash at hand. I expect at least 40%increase in my monthly commission.
This will enable me to perform more transactions on daily basis which in turn will lead to rise in my monthly commission. At this point I will be able to make my monthly repayments comfortably without missing any repayments and also cater for my family basic needs with the help of my husband. My daughter too will have a chance to attend school each and every day without missing classes due to school fees.
Thank you alot lenders and hope to hear from you soon.
MAY GOD BLESS YOU ALL