Jared

Ngata-nakuru, Kenya

55% repaid

Entrepreneur

Name

Jared

Member since

July 2013

On-time repayments

27 installments  •  33%

About Me

I was born on the 3rd for January 1978 in igenaitambe village, west mugirango constituency kisii county. I started schooling in igenaitame primary school in 1983. After completing my primary school in 1991 I later joined Njoro boys high school where I completed my A levels in 1995 and later on joined Egerton University and pursued a bachelor of education.
I worship at Ngata Seventh Day Adventist church which is located in Ngata which is 8kilometers from Nakuru town. I stay in Ngata bridge adjacent to the SDA Adventist church black gate.

My Business

I operate a cosmetic business located in section 58 in the outskirts of Nakuru town. Three years ago I realized the booming salon industry that was growing at a very alarming rate, I realized their biggest challenge was the availability of cosmetic shops where they could get their products in retail. That’s when I decided to venture into the business. Before then the beauticians would go to Nakuru town which is approximately one and a half kilometers to get their products
I started small and realized the demand for the products because I gave my clients products with the same price as they would get if they went to Nakuru Town. This was attractive to them because they incurred less transportation cost than going to Town. Due to the availability of the desired products at all times I have managed to attract and retain more customers through the years.
I sell cosmetics, braids, human hair, weaves and artificial nails (fingers and toes), beads such as earrings, bangles, necklaces, anklets it has been my desire to expand my business more to sell purses and also handbags but it has been difficult due to inadequate finance. Also I would wish to improve my service delivery to satisfy my increasing customers. Lately I have been attracting customers from Free area in Nakuru which is approximately 3 kilometers from Nakuru town but 11/2 kilometers from section 58.
In a month am able to make sales revenue of approximately KES 80,000 and during peak seasons like April, August and December holidays the sales increases to approximately KES 150,000. I incur a monthly expenses of approximately KES 55,500 Inclusive of electricity labour and purchases

Loan Proposal

I really appreciate the honor that Zidisha organization has given me, The funds I will receive Ksh 7,500 (seven thousand five hundred) will be used to add my current stock of purses and handbags since this is the perfect season for those items because many schools and colleges have closed for the holidays hence making demand for this products high, this will in turn increase my sales turnover thus help a great deal in improving my financial position. God bless.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$99.00

Date disbursed

Aug 19, 2013

Repayment status

Late

Projected term

27 months

Lenders

Hope2012

United Kingdom

Silver

Steiermark, Austria

KyRoamer

Louisville, Kentucky, United States

J

jjonas

berlin, Germany

zphelj

Dallas, United States

A

asharp

Ann Arbor, United States

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  • Jared    Mar 20, 2014

    On Jan 19th, my business premises were broken into by unknown persons. The guys looted almost everything.my business was doing very well and i strongly suspect this was a case of business rivalry. I reported the case to the police and a few suspects are been investigated.
    i talked to the landlord and actually took an urgent measure to put for me stronger steel doors. We have also teemed up with other neighbours and employed some night guard. I believe to make to where i were very fast.

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  • Jared    Jan 1, 2014

    Thank you so much Zidisha team for the funding of my business. The results of the loan are tremendous. During this festive season my sales trippled. It was amazing that i got more than 50% new customers.
    My business has really expanded to such an extent that i have recruited an attendant who will be assisting me in the selling. Many of my customers have requested me to open up an executive salon to cater for the rich neighborhood. Am doing some saving towards this and hope to clear my first loan soon and re-borrow for my next plan.
    Thank you Zidisha for making my dream come true.

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  • Jared    Aug 12, 2013

    thank you so much my lenders, the entire zidisha team and my voluntary mentor for giving me this chance to grow bigger economically through credit extension. i will use it as an additional capital to purchase new items which are demanded so much by my customers

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