Cash "float" for M-PESA mobile phone payment service

Lydiah Nasimiyu Wamalwa

Langalanga Estate, Kenya

100% repaid



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

Thank you so much the Zidisha team for considering my loan and for the approval.For now i will increase my M-pesa float capital,which for the last few weeks was not possible.This will add more customers who mostly come for the mobile withdrawal as well as depositing the money from their Safaricom registered lines.From the services i will render to my customers,i am sure that i will increase my sales profit at the end of every week sales of the services.Since the first loan is only enough for the M-Pesa float,i am planning to add more phone accessories and some electrical gadgets in my future loans.I am confident that i will be more efficient and punctual when payments day arrives.I welcome the lenders for my loan funding.Thank you all in advance.






Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

Apr 15, 2014

Repayment status

On Time

Projected term

5 weeks

Cost to entrepreneur

Lender interest: $50.02 at 0.50% annual rate over 1 month = $0.02

Service fee: $0.17



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