Emmanuel

Nakuru Town, Lanet, Umoja One Estate, Kenya

100% repaid

Entrepreneur

Name

Emmanuel

Member since

April 2013

On-time repayments

81 installments  •  14%

About Me

I live in Nakuru, Free area estate. I started my business back in 2009 and the reason why I started the business is because I needed some extra income and my wife has a passion for hair dressing so I went to Equity Bank and applied for a loan that enabled me started a salon that deals with plaiting, Blow drying, dyeing and weaving.
I make approximately 50,000 ksh a month and incur total expense of 20,000 ksh inclusive rent is 4,000 labour 10,000, electricity 2,000 water 1,500 council fee is 7,000 per year.

My Business

I operate a saloon business, located at Baraka estate Lanet. From Nakuru Town you board Umoja two Baraka matatus and alight at Baraka the salon is located at the stage. The name of the salon is creative salon. I started this business because of the high demand that is created by high population which is made of young women and girls. I offer; blow-drying, weaving, plaiting, our customers have been demanding manicure, pedicure. Facial therapy, hair treatment and braids but I have been unable to provide the service due to inadequate additional capital. My customers prefer by business other than my competitors due to the high quality of services and expertise which my competitors don’t offer. This has enabled me to maintain high number of customers. Its my great desire to expand my business to meet the demands of my customers once I get the additional capital. I have been operating the business for four years and I have been able to acquire a small plot of land from the revenue I have been getting.
I make approximately 50,000 ksh a month and incur total expense of 20,000 ksh inclusive rent is 4,000 labour 10,000, electricity 2,000 water 1,500 council fee is 7,000 per year.

Loan Proposal

I will use my second loan as an additional capital to expand my business by buying one more drier, different types of Human hair that are currently on fashion. And also some ladies products like earrings, bracelets etc. I would also wish to my ever increasing number of customers a conducive environment, I will achieve this by replacing my floor which is not in a good state with a new one and paint the walls.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$196.00

Date disbursed

Nov 26, 2013

Repayment status

On Time

Projected term

66 months

Lenders

K

Kondonassis

Bridgton, United States

Pierfausto

Rome, Italy

C

cfaul

Seattle, United States

Bobrm2k3

Charleston, United States

Richard Griebe

La Jolla, United States

M

Mountainmanduy

San Jose, United States

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  • Emmanuel    Sep 10, 2022

    I will use the funds to add to my 67,200 ksh that I have already saved from my business my vision is to add a few shelves on one side and also by a tampered glass counter
    It will help boost capital to my business
    I thank all of you for your support.

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  • Emmanuel    Sep 10, 2022

    My last project was a success and I learnt a lot from the experience I acquired from it and it made a big influence to my life.

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  • Emmanuel    Jul 19, 2014

    I would like to thank the Zidisha family for giving us a very rear chance to build our life in giving us the monetary support of establishing our businesses therefore positively impacting on standards of living and also the standards of those around us and the community at large. I would like to reschedule my loan repayment because my business is going through a very difficult time having lost most of my machines I now have to start afresh with getting a better location renting a new room redecorating it and restocking.

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  • Isiah    Jul 6, 2014

    Hello i have talked to Emanuel and he said he have had some problems so he wanted to reschedule the loan repayments but the link is not in his profile.
    Thanks Isiah Osire
    VM

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  • Isiah    Jun 29, 2014

    Hello today 29th June I spoke to Mr. Bosire and he told me that the business is low and had wished to reschedule the loan but he cannot see the link.
    Thanks
    Isiah

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  • Isiah    Jun 20, 2014

    Hello today 20th June, I talked to Mr. Bosire he said all is not that well with his business as his shop was brought down but he promised to do what he can do repay the loan.
    Thanx Isiah

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  • Mountainmanduy    Jun 16, 2014

    Is there any update with this loan?

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  • Emmanuel    May 15, 2014

    I would like to first of all thank the Zidisha community for the good work that you are doing. I would like to reschedule my loan repayment because of some some changes am doing to my business to make it more appealing so as to beat my competition. I am still very committed to paying all my installments.

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  • Emmanuel    Nov 23, 2013

    dear lenders
    thank you so much for the financial support you have given me.i will use my second my loan to purchase more stock in preparation for on coming festive season

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  • Emmanuel    Jul 5, 2013

    In the last month of July I spent most of the time relocating and restructuring my salon business I moved it to a more accessible area with lots of potential I ended up spending most of my savings from the business to do the much needed painting and giving the room a facelift.
    Thanks a lot for your understanding.

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  • Emmanuel    May 27, 2013

    I used the cash loaned to me as additional capital to my business I invested in nail/cuticle Implements, toe separators, foot/callus files, mixing and manicure bowls, and sterilization accessories. I would like to thank Zidisha Microfinance for the great support.

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