Entrepreneur
Name
Duncan
Member since
August 2013
On-time repayments
30 installments • 7%
About Me
ABOUT ME
My names are Dancan Ijaa Idewa from Kengatunyi sub-location, Kocholya sub-location,Amagoro division,Teso Noth District-Busia county. Iwas born in 1976 and attended Kengatunyi Primary School and later joined Kolanya High School in the year 1993. After school I have practiced peasant farming which has enabled me to train in hairdressing. From the same farming, I also managed to save some money which I later used to set up a salon business to date.The business is sustaining my family and other farming activities ie horticulture farming. I have an intention of expanding the business to meet the large clientele base needed and this will enable me increase my business earnings.
My Business
ABOUT MY BUSINESS
I set up my salon business in December 2012 in Amagoro town along Uganda road. The same has been doing fairly well and I felt the need to source for more funds which i intend to use for the expansion of my business. The business has given me a lot of experience which I believe I can employ even in a bigger venture. I intend to increase the stock and open one more additional salon because of the ever increasing clientele base. The same has been growing fairly well despite the business challenges
Loan Proposal
I will use the loan to buy a blow drier. Blow drying is vital in a salon business. Currently I only have one dryer. An additional drier will enable me to cope with the growing customers. I will be able to wash and dry multiple clients thus be able to cater for a large number of customers. Currently with one dryer I am experiencing challenges because customers wait for a long time for their turn. Zidisha loan will be timely bearing in mind that with the growing customers I have been able to hire an additional help. The extra employee will be able to cater for the clients without being idle due to lack of the equipment.
However I am optimistic that my business will continue to grow and with zidisha lenders support I am able to achieve my business ambitions and growth.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Aug 24, 2013
Repayment status
Late
Projected term
30 months
Lenders
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cocokathy Jun 21, 2017
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