Loan for electrical shop and M-Pesa 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

Thank you once again Zidisha fraternity for enabling my business to come this far. I am sincerely grateful, and i hope you will continue supporting me even in this current loan that i am requesting for.
I am hereby seeking for another loan of $857, which is equivalent to Ksh.86,955.
With the loan I will invest to my business through purchase of the following:-
(a)$420 as float capital in my M-pesa business
(b)$75 as annual business renewal fee
(c)380 as additional assorted electrical accessories, which are high in demand.
The Zidisha support is shaping my business,which is giving a new a hope at Zidisha family.
I am already giving my customers the BEST services and efficiently.
Thank you lender in advance and I welcome you for more funding in this loan proposal.God bless you all.
Happy Holidays.

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