Larger space & stock for cosmetic/salon and mpesa
Harun Mwangi
Nakuru Racecource, Kenya
100% repaid
Entrepreneur
Name
Harun Mwangi
Member since
February 2014
On-time repayments
341 installments • 73%
About Me
My Names are Harun Mwangi Wamae, Married man living in Nakuru County in the city called Nakuru. I completed my secondary school in the year 2005. After this, in the year 2007, I joined a college in Nakuru city where i took a computer engineering course. After the completion of my course, I was employed as a teacher in the same county as college teacher but afterward i decided to diverse my education by joining a university and pursued a finance course. After completion i was employed and after few months i came up with an idea of saving and starting a business in order to boost my monthly income of which i managed to open a salon after 8 months out of the saving i had.
My Business
Apart from My salary, i have a salon business combined with cosmetic and M-pesa where my wife works of which we want to expand the business. The business started as a small salon out of the saving i had from my salary of which it has grown to an additional M-pesa and a Cosmetic and we believe out of your support we will be able to expand it to a bigger one of which it has started to reveal itself after several loans that has been extended to me through Zidisha which i have been comfortably serviced with the income i got from the products i bought. The business is able to make an average gross of kshs 70,000 translating to a net of about Kshs 34,000 prior to loss that i used to make in the beginning because i was even forced to dig back into my salary to support the business in paying some of the expenses. The income has shooted to a net of kshs 34,000 as per the last month of which out of it i was able to pay kshs 4200 per week toward my loan. Currently I managed to shift to a more spacious room and added one more employee.
Loan Proposal
First is to thank Zidisha fraternity and all my lenders for generously extending loan to me. I am intending to shift my business to a bigger room so that i can create more job, buy another blow dry and add cosmetics once i get this loan. Long live Zidisha
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Loan Info
Project Type
Classic Loan
Disbursed amount
$486.60
Date disbursed
Mar 30, 2015
Repayment status
On Time
Projected term
3 months
Cost to entrepreneur
Service fee: $17.32
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