Loan for my Airtel money-agent business

Gladys Kavita

Embakasi, Kenya

100% repaid

Entrepreneur

Name

Gladys Kavita

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

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$322.01

Date disbursed

Jun 16, 2016

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Service fee: $13.25

Lenders

Andre

Hamburg, Germany

W

winfried

Seoul, Republic of Korea

korben

VILLENAVE D'ORNON, France

K

k9rich

Bay Shore, United States

A

AlexCheng

Seattle, United States

Landei

Sandersdorf-Brehna, Germany

C

cravioli

geneva, Switzerland

R

rholden

glen iris, Australia

C

Charlotte

Charlotte, United States

Hype1

Ashburn VA, United States

mrgonzalo

San Francisco, CA, United States

D

DKross

New York, United States

xtrahardware

Cazenovia, United States

AllieJ

Camberwell, Australia

J

jsbisa

New Orleans, Louisiana, United States

K

Keith

Luxembourg

M

MicroLender53

United States

N

nagoll

United States

G

GEMMGMT

United States

pelhage

United States

Crystal Williams

San Diego, United States

A

AER

Germany

H

Hank

New Zealand

Kavitha Amarnath

Sydney, Australia

AK

Anita K

Maryland, United States

KM

Keir M

London, United Kingdom

J

jede

Germany

Dmitriy Govorov

Karagandy, Kazakhstan

Mark Grey

Redding, CT, United States

J

Jeff

United States

YK

Yonghwan Kim

Republic of Korea

A

Allie

Australia

TS

Troy Snow

United States

J

Jason

United States

Aran Dunlop

United States

E

Eve

United States

E

Eyad

Saudi Arabia

André Pinto

Brussels, Belgium

Mary

Germany

WS

Warren Shen

United States

A

Anonymous

United States

A

Anonymous

United States

A

Anonymous

United States

Ask Gladys 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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  • Mwongeli Isiliu    Feb 22, 2019

    Gladys will start repayment of loan amount soon

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  • Mwongeli Isiliu    Jan 22, 2019

    Gladys is not picking her phone. I'm trying to reach her through the reference numbers she provided I will update soon

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  • Mwongeli Isiliu    Dec 2, 2018

    Gladys got financial problems with her business but she will start repayment soon

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  • Dennis Kariuki    Nov 29, 2018

    Hello lenders, I tried to contact Gladys but I was unable to reach her but I will try to get to her personally and hear her side of the story, I know she is not a bad person maybe she is having financial problems and she is afraid of talking out.thanks

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  • Mwongeli Isiliu    Sep 27, 2018

    Gladys will start repayment next week

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  • Gladys Kavita    Sep 2, 2018

    Hi my lenders,thank you so much for funding my loan,with this loan al be able to expand my business by purchasing waterdispensers for my water business whuch will enable me to sell 20ltrs n 10ltrs in large quantity,onces again thank you so much

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  • alexalexalex    Sep 1, 2018

    Good luck Gladys!

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  • Kyle J    Aug 31, 2018

    Good luck :)

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  • Gladys Kavita    Mar 13, 2018

    Dear lenders and zidisha team, thanks so much for your financial support because of your support have been able to started another different business of packed purified drinking water suppies, thanks you to your support, forever grateful to my lenders and zidisha team

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  • Gladys Kavita    Dec 19, 2017

    hello

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  • Gladys Kavita    Dec 19, 2017

    Hello lenders am really happy for my previous loan but and very sorry I disappointed with late repayments which I can attribute to the electioneering period uncertainties which also led to my business being vandalised by a group of youth posing as demonstrators during the anti government demonstrations. Am really sorry the delayed repayments. Honestly I had to borrow money from my friends to clear this loan on time. I promised to repay this loan timely if it's funded. I also lost my documents and smartphone hence the reason for minimal communication on Zidisha. Thank you so much for your understanding. May God bless you abundantly

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  • Gladys Kavita    Dec 19, 2017

    Hello lenders am really happy for my previous loan but and very sorry I disappointed with late repayments which I can attribute to the electioneering period uncertainties which also led to my business being vandalised by a group of youth posing as demonstrators during the anti government demonstrations. Am really sorry the delayed repayments. Honestly I had to borrow money from my friends to clear this loan on time. I promised to repay this loan timely if it's funded. I also lost my documents and smartphone hence the reason for minimal communication on Zidisha. Thank you so much for your understanding.

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  • Gladys Kavita    Dec 19, 2017

    Thank you team

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  • Gladys Kavita    Oct 12, 2017

    Hello team. Am so sorry for my late repayments of late but I wasn't feeling well. Hope to clear all the pending installments as soon as I can. Thank you alot

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  • Gladys Kavita    Aug 22, 2017

    Hello lenders and zidisha team. I have been through a lot of financial problems for the past few months but thanks to God all is over. I would therefore like to increase my weekly repayments. Thank you for your patience and understanding.

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  • Gladys Kavita    Dec 4, 2016

    Hello Zidisha team.
    I would like to reduce my weekly repayments due to unavoidable circumstances. I wasn't feeling well hence the low business performance but I hope to resume my normal schedule as soon as I can.
    Thank you lenders

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  • LJ    Nov 29, 2016

    Dear Gladys,

    This Discussion page is for communicating with your lenders, who help fund your loan, but who do not disburse it or credit your repayments. I understand you made your first repayment on your current loan on Monday, November 28th, but I've deleted the repayment details you posted here, because those should be sent to Zidisha administration, via email.

    Please know that it can take up to three business days for a repayment to reflect on your Zidisha account. If it hasn't reflected by Thursday, December 1st, please send an email to "[email protected]" with all of the details. Please put "Attn: Kenya Payment Team" in the Subject line. It can take up to three business days to receive a reply.

    Thank you for your patience. :-)

    Kind regards,
    Laurie
    The Zidisha Team

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  • Gladys Kavita    Nov 27, 2016

    Hello team. Am sorry I haven't been able to buy the phones I intended to buy because I was feeling well. I am recovering and I intend to buy them on Tuesday. Thank you alot

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  • Gladys Kavita    Nov 18, 2016

    Hello lenders. I am very happy and thankful to confirm that I have received my loan of KES 44650. I will keep you updated on the progress of the business venture. As soon as I purchase the phones I'll post images here. Thanks alot

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  • Gladys Kavita    Nov 16, 2016

    Hello lenders, am honored to have my loan fully funded. I intend to purchase cheap mobile phones to sell in my shop during this festive season. Due to the high demand for phones during the holiday seasons I'll be able to make enough profits to repay the loans, cater for my personal needs and even help the needy where possible. I had also promised to take my daughter for a treat if she performed well in her studies, which she did.
    Thank you so so much for hearing my plea and funding my loan. I promise to repay in full without disappointment.
    Thank you and God bless you all

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