Upgrading my business

Entrepreneur

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 wish to express my sincere gratitude to the entire Zidisha fraternity for enabling my business having a better business environment.
I am sincerely grateful to all lenders who have been supporting me all along in expanding And improving my small business. It is my prayer that you will continue supporting me even in this current loan that I am requesting from you today.
In my present budget, I would like you lenders to help in this area.
I am hereby seeking for another loan of $ 1400 which is equivalent to Ksh.140,542/=.
With the loan I will invest fully into my M-Pesa and electrical accessories business through purchasing the following:-
(1)Assorted electrical accessories at a cost of 615 U.S.D
(2)M-Pesa transaction capital boost at a cost of 780 U.S.D.
(3) Repainting& re-branding my shop at a cost of 62 U.S.D
I am extremely happy to be associated with Zidisha Microfinance as you have made me render my customers the BEST services ,efficiently and adequately with your financial assistance .
Thank you once again all lenders in advance.Welcome to my loan funding and be blessed.

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