Sarah

Gilgil, Kenya

7% repaid

Entrepreneur

Name

Sarah

Member since

August 2013

On-time repayments

159 installments  •  4%

About Me

My name is Sarah. I am a business woman. I completed my secondary school studies in 2005.it was not possible to continue in the academic line due to financial constrains and hence I started working as an apprentice hairdresser in a friends solon. I took a liking of the trade and saved some money with which I enrolled in college for formal training in hairdressing. On completing the training, I started my own beauty salon (VERTA BEATY SALON). Recently I have opened an M pesa shop in the same premise. I have a dream of expanding the business to include training young school leavers

My Business

My business includes a beauty salon and an M pesa shop both housed in the same premise located at shiners estate along Nakuru- Nairobi highway. In the salon I provide beauty services ie hair styling, conditioning, braiding and hair cuts .My target clients are mainly students since there are many schools in the neighborhood. I also offer the services to the local community members. From the salon I make an average of KES 1,000 per day .From the M pesa I make about KES 8,000 per month. From the total income I pay rent as well commission nto my two assistants.
If I secure the credit from ZIDISHA , I intend to buy two blow dry machines to be used to start a training section where I will start training at least four students on hairdressing .with the extra income I believe I will be able to pay back the credit as well as improve my financial position.

Loan Proposal

Dear lenders, I am grateful for the chance to post a new loan.With this loan,i intend to expand my salon busness by adding the following items; hair chemicals ksh 5000, weaves and braids ksh 5000. one dryer machine at ksh 10000. I ll use the remainder to relocate to a larger premise. This will grearly improve my business income. I expect more business as the schools reopen in january.looking foward to your support.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$307.00

Date disbursed

Dec 29, 2013

Repayment status

Late

Projected term

36 months

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