M-pesa capital boost
Lydiah Nasimiyu Wamalwa
Langalanga Estate, Kenya
69% repaid
Entrepreneur
Name
Lydiah Nasimiyu Wamalwa
Member since
August 2013
On-time repayments
352 installments • 67%
About Me
Hallo Zidisha fraternity and the kind lending panel.My names are Lydiah Nasimiyu Wamalwa.I come from Nakuru County,Rift-Valley Province,Kenya,at a place called Langalanga estate.I am a single mother of one child who is called Teddy Wamalwa.Teddy is in class 7 at St.Xaviours Academy.
I come from a humble christian family foundation.I am the third born and we are Eight in number altogether in a our family,including my mother and my father.I am currently doing my own business which is selling electrical accessories and an M-pesa services ( withdrawing & depositing money through mobile phone)for my daily living needs.Thank you
My Business
After i completed my college level academics,i chose to open a business here at Langalanga Estate,Nakuru which deals with electrical accessories and an M-pesa services in year 2010.I have partitioned the 15*12 squared room into two parts.
In my electrical shop i sell sockets, bulb holders,cables,florescent bulbs,energy saving bulbs,cut-outs,wiring cables of all sizes e.g-0.05mm,1.00mm, and 1.05mm,among other electricity appliances.
In my M-pesa section,i offer M-pesa services (withdrawing & depositing money using mobile platform,Safaricom).It includes sending money and withdrawing money using mobile phone through the services rendered from the Safaricom limited.The trans-actions involves the Kenyan currencies and only available to the Safaricom lines only.I have been in this business for from the year 2010 and even today i have been depending on to this business for my family daily needs.
From a normal monthly sales and M-pesa services,i get to almost Kshs.85,000/=.After i restock my electrical shop and adds the M-pesa float, i get up to almost Kshs.24,000/= as my net profit.Out of the profit i get i pay my business rent,County annual license fee,my child's school fees,home rent and electricity bills and water.Then i am left with an average of Kshs.17,180/=.
From the net profit,i am comfortable that i will be able to be servicing my loan without any problem.I am also planning to extend my shop in terms of adding more electrical accessories which are on higher demand within.Through the Zidisha empowerment,i am sure that my business will grow much higher and i will also increase my M-pesa float to maximize my daily running capital.Thank you all in advance and it's my prayer that you will consider my business and fund it.Thank you.
Loan Proposal
I am grateful to you dear lenders and the team for entrusting me with more business capital
I am here again to request more M-pesa float capital so that i can boost my business.
Now that I have grown more customer base,your help has enabled me establish my business to many new client.
I hereby wish to request a loan of Kes.89,000 to invest into M-Pesa capital.
Thank you in advance as you fund my loan.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$883.59
Date disbursed
Aug 23, 2019
Repayment status
Late
Projected term
25 months
Cost to entrepreneur
Service fee: $35.08
Credit risk payment:
$175.39
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