Expansion

Kennedy

Nairobi, Kenya

Funds disbursed

$0 to go

100% funded of $202 goal

0

days left

Entrepreneur

Name

Kennedy

Member since

December 2014

On-time repayments

54 installments  •  63%

About Me

Thika road primary school where I did my k.c.pe in 2001, then proceeded to jamhuri high school for my k.c.s.e certificate. after that I worked in a laundry called Arena for two yrs then went back to learn in Nairobits school of design in 2008 where I handled a bit of graphic designs for three months. I am not yet married since at the moment most of responsibilities are on me, I also have an intention of completing one of the courses I began at K.C.A University, I come from a poor background and most of other siblings don’t have jobs. We try to support each other because of these reasons. After college I opened a barbershop in 2009 that I run up to this moment. This is where I have also attached a play station where kids come to play. this has brought a lot of challenges because I have a few computers that also see some of I am a Kenyan citizen 28 years of age and God fearing I am the seventh born in a family with eight siblings. Went to my clients leave because of the long que.this is where I came to learn about zidisha and I am thankful to God for making this possible.

My Business

It is a barbershop that offers quality services and I have a great team that are dedicated to see customers happy and satisfied. This can never be with a few challenges, just to mention a few; Lack of manpower, some more shaving machine and at least a few more computers. On manpower I really want to train some more young people to help me serve my customers effectively and this Is where I am glad that zidisha is here with us would like to add a few seats for shaving and also add computers so that i can reduce the long ques and leave room for more customers to come in thereby increasing my income. it is in my plans also to open a massage parlor because people in my area have to travel a few kilometers for the same service. Despite all the challenges that goes together with these businesses, it is from these businesses I pay my Rent, buy my clothes, support my family members, and also do little savings. Currently I make approximately $.225 a month. I hope when given a chance to improve these businesses I can raise the profit. I want to thank the zidisha organization in advance hoping that my plea will be considered.

Loan Proposal

Hi lenders,i have recieved an increase in people in search of our services thus creating need for more accomodation.so space is available what I need is one big mirror costing abt 30 dollars,two more chairs each costing 55 dollars the remaining 70 dollars will cater for whal shaving clippers.and by you helping me in that I will have exploited the most out of the shop and left with no other option than to open up a branch

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$202.00

Date disbursed

Nov 17, 2015

Repayment status

Late

Projected term

3 months

Lenders

Franmiguel

Perth, Australia

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  • Kennedy    Jun 5, 2017

    ok thanks michael

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  • Kennedy    Jun 5, 2017

    hi michael, Am fine and i just hope you are too.the last loan i took dint quite tackled the idea i had and things got bad the landlord raised my rent n i had to move because it staled. i have all the equipments in my house and i just perform manual jobs to place Food on the table. i will pay my loan starting next month. thank you for your patience

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  • Franmiguel    Dec 5, 2016

    Hi Kennedy,
    Happy Holiday Season to you.
    I hope you and your business have a great 2017.
    Regards
    Michael

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  • Kennedy    Jun 20, 2016

    hi lenders.i must say that i have never had peace in my life for defaulting such a wonderful programme you have for us.i hope you have forgiven me.mr.Michael am back and i promise to do you proud starting this week

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    • Franmiguel    Jun 20, 2016

      Hi Kennedy,
      Thanks for getting in touch.
      There is no need for any forgiveness, I understand that running a business can be very difficult, balancing good times with not so good times.
      I hope that your business is now prospering.
      All the best.
      Michael

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  • Paul    Apr 28, 2016

    Dear Lenders,
    I have yet again contacted Kennedy to know why he is yet to start making repayment of his loan. He has promised that he will make his first repayment this coming sunday. I will closely monitor him this time to ensure that he is back on track.

    Regards,
    Paul Mutie
    Volunteer Mentor

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    • Kennedy    Jun 20, 2016

      ok i would like to appologise for my defaults and thanks mr.Mutie for always cheking on me.a mentor you are.

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  • Paul    Feb 15, 2016

    Hi Lenders,

    I have contacted Kennedy in efforts to establish why he hasn't honoured his previous promise of starting making repayments. He explained that his financial situation is yet to improved. He has however made another promise of starting making repayments by the end of this week. Kindly bare with him!

    Regards,

    Paul Mutie
    Volunteer Mentor

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  • Franmiguel    Jan 28, 2016

    Hi Kennedy,
    I just thought that I would touch base to see how you were doing.
    I hope that all is OK.
    Regards
    Michael

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    • Kennedy    Mar 21, 2016

      Hi michael
      sorry for the late response.i would really apprecite if u visited me.hope you haven't changed your mind.about payments i will soon start to repay my loan

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      • Franmiguel    Mar 21, 2016

        Hi Kennedy,
        Thanks for keeping me informed about the payments.
        I am sorry but unfortunately I have no plans to visit Africa at the moment.
        The term "touch base" means to talk to someone in order to find out how they are... I am sorry for any confusion.
        I hope all is well.
        Michael

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  • Paul    Jan 26, 2016

    Hi lenders,
    I have been in communication with Kennedy for sometime now. He has informed me that he will settle his loan soonest possible. He has been through financial problems and is expecting things to get better by end month. I also advised him to reduce his installments amount so as he can be able to make his repayments on time.

    Regards,

    Paul Mutie
    Volunteer Mentor

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  • Franmiguel    Dec 17, 2015

    Hi Kennedy,
    Happy Holiday Season to you.
    I hope you and your business have a great 2016.
    Regards
    Michael

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  • Kennedy    Nov 25, 2015

    Hi michael? thanks once again for finding time out of your busy schedule just to respond to my sentiments.its true applicants had to type the agreement and to those members i had met told me that they applied typing the same message and they still recieved full loan request.i have paid my previous loans in full.my humble plea is just talk to them so that they can let me access the remainder because the expansion has staled.my pending additional employee has aslo began ignoring my calls because he thinks am lying.if thats done by the end of january i will have paid back your cash.thanks in advance

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    • Franmiguel    Nov 29, 2015

      Hi Kennedy,
      I am not sure if some borrowers received have not been asked to make a deposit into the Loan reserve fund. I am not a part of the Zidisha administration team, so have no sway on decisions made.
      All I can suggest is that you email [email protected] detailing all relevant facts and they will fully investigate just to make sure that all is correct.
      I do not know why others may have received their full requests, unless they had contributed the Loan Fund Deposit on an earlier loan...
      All the best in getting this sorted out to your satisfaction.
      Michael

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  • Kennedy    Nov 19, 2015

    hi michael?ok,its true that the amount i recieved totaling to about $60 instead of the whole $202 dollars requested.please help because you are where i run to in order to change lives.we still have a long way to go and please get my physical address if possible because i am sure i have ideas that will pay the loans i take.thanks so much

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    • Franmiguel    Nov 23, 2015

      Hi Kennedy,
      I have just received a response from Zidisha.
      "The difference between the loan and amount received has to do with the reserve deposit deduction, which borrowers pay in lieu of interest. The borrower should have had to type consent to the deduction before applying for a loan and again before receiving the disbursement."
      I know that it is a large portion of the amount borrowed.
      I also know now that the Loan fund deposit is higher than it used to be to ensure that there are still lenders in order to fund the loans.
      The other change to the loan fund contribution is that it is no longer a "fee" but a "deposit", which means that it is refundable if your loan has been fully repaid.
      I know that this does not help you in the short term.
      The Deposit would be a bit like a savings account.
      Perhaps having a Deposit, that is refundable at a time in the future when you no longer wish to use Zidisha, may be a reasonable "cost" for having access to interest free loans for as long as you want them.
      I hope using Zidisha is still a worthwhile service for you.
      All the best
      Michael

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  • Franmiguel    Nov 19, 2015

    Hi Kennedy,
    I am unable to make out all the facts, but it appears from your last 2 posts that you have not received your full loan amount.
    The best way to have any issues resolved is to email [email protected] detailing all the facts and they will help you to resolve your issue.
    All the best
    Michael

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    • Kennedy    Nov 23, 2015

      hi michael?,am patiently waiting for assistance.i sent a mail bt i haven't recieved any reply.i would really appreciete your help coz the expansion project is stalled.

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    • Kennedy    Nov 29, 2015

      Hi michael?i currently cant access my mail account but am trying to fix the issue.my humble request is weather i can get the deposit and pay it later because am really messed up.please help the pick season is here n i pay all my loans without default.

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  • Kennedy    Nov 18, 2015

    ok,how am i going to do in order to raise funds to pay the who amount because.what i recieved is only enough for the mirror.am so tressed right now.why dont you just complete my funding because i will still cater for the whole amount?

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    • Roy    Nov 18, 2015

      Hello Kennedy, I must say that I do not understand what you mean. Most borrowers seem to be quite pleased with the arrangement.... If you want to discuss the matter, I suggest you post messages on the forum. That way you are likely to get more readers...
      Good luck.

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  • Kennedy    Nov 17, 2015

    hi zidisha?i am so disappointed because you have shown partiality in your dealings.why pay others thier full loan requests and others a quarter.is that a boost really?

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  • Kennedy    Nov 13, 2015

    I would like to say a big thanx to lenders ,secondly ,won't fail in my repayments.thirdly I am going to buy two chairs,clippers for shaving and a mirror.i will keep you posted

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  • Kennedy    Nov 11, 2015

    Hi lenders.i really appreciate the good work you are doing.i admit that I have fallen short of your expectations by dropping in my on time payments.i have done alot to see that this doesn't happen again.i have a plan of adding two more chairs. this will automatically increase yields and I plan to do that this festive season in order to get hold of agroup of new catch.please assist in helping me get the loan

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  • Kennedy    Nov 8, 2015

    I have read about,what I commented about early and I have understood it.so lenders ,i am asking for forgiveness on how I repayed my previous loan.help me get this and I wont disappoint you.we are about to get into the festive season where yields are good.

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  • Kennedy    Nov 3, 2015

    Ok,its been a journey that has been smooth so to say coz I first bought brand new car bettery plus the inverter and that has seen more customers jump in during blackouts and they have alot of confidence in us.the snack zone is a success coz initially I used to pay house rent with income from my shop bt now the snacks does it,i have also added two more staff thus making a differece in others lives ,extra shaving machine no longer cools coz of frequent check inns.thanks so much lenders

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  • Kennedy    Oct 26, 2015

    Cutting it into two equal instalments

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  • Kennedy    Oct 19, 2015

    Pulling up my socks

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