Zidisha |

Sarah

Gilgil, Kenya

7% repaid

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How it Works

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.

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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

Other loans

Sep 2013: $100

Lenders

AWOL

USA, United States

Philippe

Adliswil, Switzerland

Bpryse

Long beach, United States

Kjartan

Oslo, Norway

Tjitser

The Hague, Netherlands

Lemon

Switzerland, Switzerland

florian

Mettmenstetten, Switzerland

ShelbyDove

Los Angeles, United States

Inden, Switzerland

Utrecht, Netherlands

Leipzig, Germany

dunedin, New Zealand

San Diego, United States

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F
florian May 27, 2014

Sarah,

I am happy to see that you have found your way back to us. I hope all is going well with you.

Can you give us some background on what has delayed you with your payments?

cheers,
Florian

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Sarah May 3, 2014

kindly allow me to lower my repayment installments as indicated. i was a victim of burglary in the month of march and i lost a lot of stock as well as blow dry machines. this has affected my business seriously. my returns have dropped since i didn't have money to restock. once the situation improves i will pay more. thank you

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Sarah Feb 6, 2014

Dear Zidisha staff
I hereby request to be allowed to reschedule my loan repayment as above. the main reason is that the local government has raised licensing fee which must be paid this month. The cost of operating business has significantly gone up this year compared to last year.This includes the cost of my rental premisev as well as electricity cost. I will revise the rates upwards once the current urgent issues are over.

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Sarah Dec 31, 2013

Thank you all lenders for your support.i recieved the loan this morning and i appreciate

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T
TVandenbosch Nov 12, 2013

Dear Sarah,
This is to let you know that I have received your first reimbursement of the schedule in good order and on time. Thank you very much.
Kind regards,
Tom

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- Sarah Dec 3, 2013
  
  Dear Tom
  
  I am glad for the information.I have not been online for some time since my computer had crushed.I am ok and doing my best. The business is doing well though there are delays in fees payments. This i hope to overcome with time. Five students have completed the course and three are in progress. When i get more funding i hope to formerly register as a training centre.
  Thank you again for your continued support.
  Best regards
  
  Sarah Maina
  
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  - T
    
    TVandenbosch Dec 4, 2013
    
    Dear Sarah,
    
    Thank you very much for the update from your side!
    
    What do you do with the students if they have not paid the fees? Aren't they supposed to pay for the fees upfront?
    
    Kind regards,
    
    Tom
    
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    Sarah Dec 5, 2013
    
    Dear Tom
    Ideally , they are supposed to pay at least half before they start. The balance should be cleared by the end of the course. However ,this being a low income area ,some are unable to fully pay up.all the same i am doing above average and hope to improve as i take root in the business .
    
    Thank you and regards
    
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Sarah Sep 9, 2013

I more than appreciate all ZIDISHA team lenders for your support.
I received the credit yesterday night. today i managed to acquire three chairs and a blow dry machine and the rest went to partitioning.Tomorrow i will start theory classes with two students.The preparations are ongoing.

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Sarah Sep 7, 2013

I thank all ZIDISHA team and especial the lenders who committed their money to make me grow financially.

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- T
  TVandenbosch Sep 8, 2013
  
  Dear Sarah, I am happy to know that the loan has now been disbursed. Good luck with your training business and please keep us updated on how it is going. Have some students registered already? Kind regards, Tom.
  
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- T
  TVandenbosch Sep 8, 2013
  
  Dear Sarah, I am happy to know that the loan has now been disbursed. Good luck with your training business and please keep us updated on how it is going. Have some students registered already? Kind regards, Tom.
  
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  - Sarah    Sep 9, 2013
    
    Thank you for your support.I received the credit yesternight. today i have been busy making preparations. tomorrow i will start the first sessions with two students who have enlisted.
    
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    T
    
    TVandenbosch    Sep 13, 2013
    
    Hello Sarah! How did the first sessions with your first two students go? Are they happy with the course?
    
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    Sarah    Sep 15, 2013
    
    Thanks for your concern.It is going better than i thought. I already have the three trainees. i am personally handling them for three hours every weekday between 8. 00 am to 11. 00 am. i am planning to hire a trainer at a commission and introduce another session in the afternoons.
    
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    T
    
    TVandenbosch    Sep 16, 2013
    
    Hello Sarah, I am happy to read it is going even better than anticipated and you already have 3 trainees. It's a good idea to further expand your training business in the afternoons. Make sure your hired trainer can offer the same quality as yourself.
    
    And don't forget to offer your trainees a nice certificate after they have gone through your training. Your trainees may become your best ambassadors in the future.
    
    In future, you may have a whole network of people who were trained by you. An additional way of generating income would be to sell salon products to your trainees for their own businesses. You can buy in bulk and then re-sell in smaller quantities. In that way, your trainees continue generating revenue for you.
    
    Cheers, Tom
    
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    Sarah    Sep 21, 2013
    
    Thanks Tom. I did get a trainer. am yet to conclusively judge her will and commitment.Il be content if my students get the skills first before the certificate.I am doing above average. I am grateful. Asante sana.
    
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    T
    
    TVandenbosch    Sep 27, 2013
    
    Dear Sarah,
    
    Thank you for the update. I am sorry to hear what happened at Westgate in Nairobi. I hope none of your relatives or friends have been affected.
    
    How is your business going? Are the students enthusiastic?
    
    Kind regards,
    
    Tom
    
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    Sarah    Oct 5, 2013
    
    I have not visited the site for some time .there have been a lot of excitement in the local news sites due to the attack and the ICC cases.
    
    My business is ok ,though i now face the challenge of space in the premise. with time i think i will consider moving to a lager premise or separate the businesses.
    
    I now have four trainees and my assistant is doing a fine job with them
    
    Thanks and regards
    
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    T
    
    TVandenbosch    Oct 7, 2013
    
    Dear Sarah,
    
    Thank you very much for the update. It is good to know your business is indeed expanding. And you now have your four trainees as planned. Are they also paying the fees as originally planned?
    
    It is also good to think ahead about the larger premises. I believe you will be able to apply for a second, bigger loan, once you have successfully repaid the current one.
    
    Kind regards,
    
    Tom
    
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