Name
Lydia
Member since
September 2020
On-time repayments
95 installments • 88%
My name is Lydia Mwakwida, I am a business lady married with 3 children. I hail from coastal region of Kenya. I did both primary and secondary Education in Coast region. My father before his demise was a business man. He introduced me greatly to business as I was her favorite daughter. He had a registered business and a farm. In my teen years I would accompany him when he does direct sales hence my learning in interpersonal relationship with clients. I did my college training in Nairobi where I got married, me and my husband later agreed that as a couple we should not go for formal employment. That is about 14 years ago I have been in running our family business. My business started small with little support from members of family. The business has had its shares of trouble like wrong partnership, business doors closed because of rent problems but we thank God we have overcome all
I operate a cyber cafe as the main business, the activities include printing, browsing, Photocopying, scanning, Internet services. Others side activities are selling popcorn, selling exercise books. My typical costs are rental, my assistant wages and cost of buying stocks. The proceeds from the business I use in paying school fees, my rental house and supporting my extended family
I plan to buy 2 computers for my my family cyber, i am the manager of the same. Customers will not now wait for other customers to finish browsing. At the end of the month income will have increased and paying my staffs and my rents at the end of the month will improve.
My business is an ongoing one, the business has not been greatly affected by the Covid19, a lot of people do their business at home and the ones who don't have internet do it in cabers
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$15.00
Date disbursed
Oct 7, 2020
Repayment status
On Time
Projected term
4 weeks
Other loans
Amount repaid
$15.59
Amount remaining
$0.00
Date repaid
Oct 22, 2020
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Oct 14, 2020 | $3.90 | Oct 14, 2020 | $3.90 |
Oct 21, 2020 | $3.90 | Oct 22, 2020 | $3.90 |
Oct 28, 2020 | $3.90 | Oct 22, 2020 | $3.90 |
Nov 4, 2020 | $3.89 | Oct 22, 2020 | $3.89 |
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