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 upgrade my internet and buy two computers, my cyber has space for two more computers and at the moment the internet that I am using is not appropriate I need to subscribe to another better and faster one. This will help increase clients numbers
The business has withered a lot of storms, even the current economic corona storm, now as the schools are being reopened; the business requires capital to get it on toes. The activities that the business does are school based.so the business requires stock; printing papers, books, tonners. These goods are not dead stock reselling and their utilization brings money and profit
Positive
None
Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$40.00
Date disbursed
Oct 27, 2020
Repayment status
On Time
Projected term
5 weeks
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