Funds to add stock to my salon

Sarah

Eldoret, Kenya

19% repaid

Follow Sarah How it Works

Entrepreneur

Name

Sarah

Member since

November 2016

On-time repayments

40 installments  •  53%

About Me

I am a thorough and ambitious lady aged 24 brought up in a Christian family in Kericho Kenya.I went through Primary,Secondary and College level and holds Diploma in Fashion and Design. I had to get self employment after finding hard getting a job and i had to get out of home in search of greener pastures.Eldoret was my ideal town to turn my life around through business in order to earn me a living.I gathered small amount of capital and set out for the mission.
My culture appreciates everyone and treats each individual equally regardless of Age,Gender,Wealth among others.I currently got no children.
I love making new friends and reading novels as my hobby.

My Business

After my research,i found out that starting a salon was the ideal business idea based on the fact that that few salons existed at the time in the locality.I started the business in the year 2013 .The services that i offer include,all hair make ups,manicure and pedicure and recently introduced cosmetics.
My monthly typical costs incurred include Electricity cost Ksh.2000,Water Ksh1500,Rent Ksh. 5000,Miscellaneous costs Ksh.2000.My net profits has been averaging Ksh.15600.
From this profit,i have been using to pay my house rent(where i live),food and clothing and also reinvesting back to my business on the cosmetics side.

Loan Proposal

I am aiming at adding more braids and weaves in my salon. I have added a few different weaves thanks to zidisha for the loan they gave me. I want to continue adding different types of weaves to satisfy the demand for weaves from my customers.This loan will enable me to add 3 more different weaves to my salon.
This will increase my earnings by about 3-4%.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$16.00

Date disbursed

May 31, 2017

Repayment status

Late

Projected term

3 months

Other loans

Nov 2016:  $11

Feb 2017:  $16

Apr 2017:  $16

Lenders

TheWhiteCat

Surrey, United Kingdom

Marcus

Germany

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

KJ

Kevin J Baird

Cleveland, OH, United States

Paul Buchheit

Mountain View, United States

CN

Craig Newmark

United States

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  • Hilda H    Oct 13, 2017

    Sarah has confirmed to me that she is going to make her payments early this coming week.

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  • Sarah    Jun 5, 2017

    I did receive Ksh. 1492. I used this loan to add stock for my salon. Thank you my dear lenders and Zidisha at large. God bless you.

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  • Sarah    May 27, 2017

    Thank you so much my dear lenders.I am going to add more stock in my shop. Thank you so much.

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  • Sarah    May 27, 2017

    The loan I received ,I added stock to my salon and my earnings have significantly increased. Thanks so much zidisha

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  • Sarah    May 21, 2017

    My stock has really increased in my salon. This has been made possible by the loan i received. My business is really doing great and my earnings have improved by 3 percent. Thanks so much my dear lenders.

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  • Sarah    Apr 27, 2017

    Hallo lenders, this is to confirm the receipt of Ksh. 1492. i used the amount to add stock to my shop and am happy that its selling well. i am optimistic that i will clear my loan soon .Thank you so much

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  • Sarah    Apr 16, 2017

    Thank you so much my Dear lenders.I am happy to see you Dr.Franmiguel again assisting me in my business. I am going to purchase braids for my shop and this will surely promote my business. Thank you all once again.

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  • Sarah    Apr 15, 2017

    The loan i received was used to purchase cosmetics products for my salon. It really boosted my profits margin and my stock has really improved.

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  • Hilda H    Mar 1, 2017

    I spoke with Sarah today she did inform me that she has been in Uganda for the last three weeks and she could access a way to deposit money in order to make her payment. However she promised to make her payments before the end of this week.

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  • Sarah    Feb 2, 2017

    Thank you so much my dear lender Dr. Franmiguel for the great support you have offered me. I will use the amount to add cosmetics for sale in my salon. Thank you so much once again.

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    • Franmiguel    Feb 21, 2017

      Hi Sarah,
      It is my pleasure.
      I hope that it is of benefit to you and your business.
      Regards
      Michael

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  • Sarah    Feb 1, 2017

    The loan I took really assisted me so much.I added the amount to my savings and bought a blow dryer to serve more clients in my Salon. The blow driers that existed before were not enough since clients could queue. The loan assisted me to buy one more blow drier and it really promoted my business. Thank you so much lenders and Zidisha at large.

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  • Sarah    Jan 31, 2017

    My business has really grown.I bought braids for sale and this increased my profits by 15%.I am so thankful for zidisha and i hope to grow more and more through your support.

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  • Sarah    Jan 19, 2017

    Hallo Lenders,this is to confirm that I received KES 994.I added the amount to my savings and bought one more blow dry for my salon.My business has greatly improved since then.Thank you so much.

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  • Sarah    Nov 27, 2016

    Thank you so much my lenders for your support,am greatly humbled.I will use the money to buy one more blow dryer together with my savings.This enable me attend to more customers and hence provide customer satisfaction.

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