Zidisha |

David

Kiambogo, Kenya

14% repaid

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How it Works

Entrepreneur

Name

David

Member since

October 2012

On-time repayments

11 installments • 0%

About Me

I am a father of five children, all are in primary school. I live in Kiambogo trading center, plot number 23. My occupation is a barbering and salon also I am also a member of Elementaita interdenominational pastors fellowship, I have a general knowledge, I have completed my high school education also I have undergone bible study.
I started a business of a kinyozi after completing my course in hair and design. I am expecting to purchase more and newly and modern machine especially for a salon, also I will purchase cosmetic and material for making hairs for young ladies.

My Business

My business is Barbering and salon.
My business is Barbering and salon. They is a lot of demand a someone who know outcomming hair design, and also so many people here rely on kinyozi for shaving their hair.
In Kiambogo there is few salon thus I my able to catch more customer. The business will be profitable because it reduce expenses thus the only expenses is only paying electrical bill. The risk facing the business is only power rationing during the rainy season which hinders the business to continues,
My typical monthly cost is khs 45000, sale revenue is around ksh 20000 and profit is above 15000 but I am planning to earn more.

Loan Proposal

I want to use my loan that I will get from Zidisha organization to improve the status of my business by giving more quality services. This will involve employing one more qualified barber in the barber shop and a salon attendant in the salon. With this I will be able to serve more customers and also offer more quality services to them. I would also like to refurbish my business with the loan. This will attract more customers in the business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$495.00

Date disbursed

Nov 17, 2012

Repayment status

Late

Projected term

12 months

Lenders

investor

Candiac, Canada

Bpryse

Long beach, United States

Steiermark, Austria

Hamburg, Germany

Somewhere, Germany

leicester, United Kingdom

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analinjsaturria Apr 5, 2013

Dear lenders,
This is Analin Saturria McGregor, Communications Associate at Zidisha.
We've been in contact with David several times over the past few months. He is deeply concerned about his late loan repayments. He and his wife have been sick for a few months now. In some of our previous interactions, David had commented to us their struggle to heal despite being under treatment. David is now fully recovered, but his wife, who also works at his shop, isn't. He's having trouble not being able to attend the clients who require his service. This extended time of illness, combined with the time they both spent without working and the treatment expenses, have taken a toll on their finances.
During this time, our staff has made sure David is well-informed of his options regarding catching up with his loan repayments. David is however determined to get back on track and will opt out of rescheduling his loan for the time being. He made a small payment last month and intends to continue submitting partial payments until he is up to date again.
In his latest message, David specifically asked me to please inform you of his situation, so you'd be aware that he has not forgotten his obligation. We are very glad to hear David is recovering and continue to keep his wife in our thoughts as she heals.

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