Expansion of business space

Martin

Ngoingwa Estate, Kenya

100% repaid

Entrepreneur

Name

Martin

Member since

December 2015

On-time repayments

176 installments  •  77%

About Me

My name isMartin Avery humble and a God fearing man,born and grown up in a small village in the hilly side of central Kenya,am married and am blessed to be a father of two beautiful daughters.Icome from a very humble back ground but my parents managed to educate me through primary &secondary school despite many challeges,my family could not afford to educate mi beyond that despite obtaining a good grade in my academics so I started helping my parents with day to day chores which according to my culture was to pluck coffee which is the only relied cash crop in my area village I was the first born so ihad a lot of tasks including assisting our young siblings.After awhile I was exhausted working as casual labourer and ithinked beyond my challenges and decided to try my hand in business but the ideas were many but capital was a headache,I was interested in the beauty industry so I used the small amount I had saved and payed for a course in the beauty industry and was trained for awhile in the evening hours after working for a daily bread.That did not derail my vision to become asuccesful determined
enterpreneur,immediately after my course I used the little I had and borrowed some money from a merry go round group we had formed in our village and started my small barber shop,and that is how I managed to overcome the hardship to achieve an important goal in my life.Am much encouraged by my children's ambitions to study and become professionals in productive fields and then give back to the less fortunate community, my hoby is swimming and ilyke reading motivational books,travelling and making new friends in different cultures.

My Business

My business has improved since ijoined zidisha and am very excited despite few challenges I now manage to make about 1500 ksh this is opproximitly 15us dollars,after deducting expenses am left with 10us dollars,that helps me to raise my kids shoolfees and paying my bills and giving back to the community,the budget for this project is approximately 100,000 thousand kenya shillings (1000 us dollars).with the help of 50 thousands from zidisha lenders iwill add the rest 50 thousand ksh from my savings,hoping Zidisha lenders will help me and achieve my best in the beauty industry,ilook forward to my dreams of starting a beauty college and offer beauty courses for free to those who could not manage to further their studies due to financial problems and I know God will help me achieve my dreams.

Loan Proposal

Am now planning to expand my space room for business since we have attracted more clients due to better &quality services,that comes after equipping my barbershop with modern equipments that I purchased with my previous loan from zidisha.due to congestion I want to use this money to adjust more space and the rest to buy the required tools,after adding the space it will create ajob for two more young youths despite increasing the income and raising profit margin by 60%,with that profit I will be able to repay my loan on tyme and also sustain my family and also help others.

Feedback

1

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  • Mary    Feb 16, 2018

    Martin is a wonderful Borrower. I would recommend funding any future loans!

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Loan Info

Project Type

Classic Loan

Disbursed amount

$505.00

Date disbursed

Dec 20, 2016

Repayment status

On Time

Projected term

24 months

Lenders

cyrus0302

San Francisco, United States

F

flaguy999

Tampa, United States

Paul Buchheit

Mountain View, United States

I

Ian

United Kingdom

Jennifer Weber

Canandaigua, Ny, United States

MC

United States

RB

Ruth Brown

United States

Humble Bundle Community

San Francisco, United States

Emily

San Francisco, United States

JH

Joseph Hwang

Houston, United States

Paul Buchheit

Mountain View, United States

M

Mary

United States

CN

Craig Newmark

United States

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