Cosmetics/mpesa/salon

Harun

Nakuru Racecource, Kenya

100% repaid

Entrepreneur

Name

Harun

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

As per earlier intention, the idea is still in mind of shifting the business in a bigger room so that i can create employment for others which is my future expectation which am still pursuing to look for a bigger room but i want to still re-stock the business with more Cosmetics to make it a one stop cosmetics products shop in-order to win more clients. I also want to invest some of the cash in the M-pesa business to make sure that all clients requiring M-pesa services are certified and i believe with this i will be able to increase the margin of my business. I believe with Zidisha i will achieve my dream. Longlive Zidisha

Feedback

5

None

None



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Loan Info

Project Type

Classic Loan

Disbursed amount

$771.00

Date disbursed

Jul 25, 2015

Repayment status

On Time

Projected term

4 months

Lenders

Paul Buchheit

Mountain View, United States

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  • Harun    May 22, 2021

    Business closure

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  • Elisha    Apr 5, 2021

    since there is 3rd wave of Covid-19 , he still experience low income in business.

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  • Elisha    Mar 4, 2021

    repost after conversation this is what he says, repeat of last time.
    Harun Mwangi Feb 4, 2021

    My business was totally affected to closure thus I request a lower amount than provide. Kindly allow me to be paying the 200 I was paying untill I stabilize please

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  • Harun    Feb 4, 2021

    My business was totally affected to closure thus I request a lower amount than provide. Kindly allow me to be paying the 200 I was paying untill I stabilize please

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  • Elisha    Jan 31, 2021

    his business was completely affected by Covid 19 leading to closure but he is determined that he will clear amount due. Currently he is willing to continue to pay as per the adjustment request and make adjustment once he stabilize.

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  • Nelson    Dec 15, 2020

    I reached to Harun Mwangi He is not picking up my calls.

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  • Harun    Dec 10, 2020

    I am greatful for the support given by Zidisha and would wish to notify that as I had earlier communicated that my business was completely affected by Covid 19 leading to closure but am determined that I will clear this amount. Currently I will continue to pay as per the adjustment request and make adjustment once I stabilize

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  • Nelson    Dec 10, 2020

    He is not picking up my calls

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  • Nelson    Dec 5, 2020

    I have talked with Harun Mwangi he said that Covid 19 affect that lead to his business closure so he will able to make sure to adjust his installment that he will be able to pay.

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  • Harun    Nov 13, 2020

    Covid-19 effect that lead to my business closure

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  • Harun    Sep 22, 2020

    Business failure due to Covid

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  • Harun    Jul 31, 2020

    Business closure due to Covid19

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  • Harun    May 27, 2020

    Low business due to the current situation

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  • Harun    Apr 10, 2020

    Dealing with cosmetic and salon it has been completely been affected by corona virus pandemic where we were forced to close until further notice thus I request your approval of the above.

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  • Harun    Feb 5, 2018

    I want to reduce my instalment the business is not performing well but later will readjust once the business picks up

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  • Harun    Dec 3, 2017

    I have talked with Eunice and she is experiencing the same problem that also affected my repayment earlier on. what might be happening once money is sent to repay the loan doesn't reflect but later the money is reversed to mpesa from Zidisha inc. That's what causing all this. Kindly advice

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  • Harun    Nov 27, 2017

    Due to political temperature, it caused two of my employees to go back to their village as well as affecting the business negatively. At the same time the business has been on and off due to fear of demonstration that has been witnessed for quite some time.

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  • Harun    Oct 3, 2017

    Hi Zidisha members, what might be happening once money is sent to repay the loan doesn't reflect but later the money is reversed to mpesa from Zidisha inc. Kindly advice

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  • Samuel    Aug 1, 2017

    Hi lenders, i have emailed Harun Mwangi and am looking forward to positive feedback regarding his loan payment. thank for support.

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  • John    May 7, 2017

    Hi Harun, you have been quiet for long??? Are you not fund raising....I am also from Nakuru.

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