Loan to stock my shop

Florence

Nairobi, Kenya

25% repaid

Entrepreneur

Name

Florence

Member since

July 2015

On-time repayments

264 installments  •  41%

About Me

I was raised in rural Kenya, but after completing my high school, i came to the city where i did a course in hairdressing. I was employed in a salon in Nairobi where i worked for a year. Saved some money which i used to buy a drier, and a blow drier and started my own small salon. I have done this business for four years now.
I like this business because Nairobi is highly populated and most women like being smart, so they come to salon every day. I like this business because it does not involve a lot of things.
Its from this business that i get money to feed my and educate my kid, who i want to give good education so that she can get a good job when she grows up, she wants to be a dentist

My Business

My business is majorly salon business, i do hairdressing. I ran a small a small salon in the suburb of Nairobi city. I usually attend to approximately 15 customers a week, from whom i make almost 1500 shillings, which i use to pay rent and electricity bills.
I equally sell cosmetics , though not in large scale. Sometimes when i have a lot of week, i employ someone to assist me.
Its a nice business because i have the freedom, i am my own boss, though its so challenging, sometimes during the weekend, i have to work til late coz there are many customers

Loan Proposal

I need to stock my shop to avoid the stress of having to go to town every weekend to replenish my stock. Most of the things that i sell are fast moving such as weaves and braids.
I also need stock makeups, and hair oils.
Moreover my drier has spoiled i need to service it.
Budget- weaves and braids-300 dollars
Hair oils - 100 dolllars
Drier repair and servicing - 50 dollars
other beautty products such as make up, hair combs, nail polishes, etc- 100 dollars

Feedback

1

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Loan Info

Project Type

Classic Loan

Disbursed amount

$574.00

Date disbursed

Nov 13, 2016

Repayment status

Late

Projected term

48 months

Lenders

Cloudways

Malta, Malta

ads68

Melbourne, Australia

W

Wade

United States

ME

Manaal Eisa

Washington DC, United States

PG

Paul Graham

United States

N

Nick

Greater London, United Kingdom

Craig Newmark

United States

The Zinc Team

San Francisco, United States

E

ericb321

Republic of Korea

A

Anonymous

United States

R

RMIM

United States

WC

Walter Clarke

Phoenix, United States

Paul Buchheit

Mountain View, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Ask Florence a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Florence    Nov 17, 2018

    Gh

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  • Florence    Nov 5, 2017

    Business is low

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  • Florence    Nov 27, 2016

    My stock which I purchased not yet moving.

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  • Florence    Nov 17, 2016

    I received 54, 129 kenyan shillings. I plan to go to town this morning to buy cosmetics, so as to stock my salon. Am so grateful to those that support me always, and to the greater zidisha family.
    I cant say thank youenough

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  • Florence    Nov 11, 2016

    Thank you accepting my proposal. it will help my business grow. i will buy what had promised to buy, cosmetics so as to increase profit margins
    Thank you so much

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  • Florence    Nov 7, 2016

    The loan that i just finished reaying assisted me so much in boosting my income. i was able to add more cosmetics in my shop .

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  • Florence    Oct 20, 2016

    I would like to reduce my installment because the business is down.

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  • Florence    Sep 9, 2016

    The Business has picked

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  • Florence    Aug 20, 2016

    Biz bad

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  • Florence    Jul 21, 2016

    Thank for for the loan. I will use the loan to purchase cosmetics to stock my salon. This will help me increase my income

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  • Florence    Jul 9, 2016

    The loan that i finished repaying helped me buy a blow drier, and a salon chair. This were very fundamental items in my salon. I was able to attract more customers and it enabled me to pleat in many styles , thus i increased my income. I comfortably paid the fees of my kid, and i was able to save some for future expansion of my business

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  • Florence    May 20, 2016

    I had to attend clinic, i spent money there

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    • Roy    May 20, 2016

      I understand this to mean you have been ill, which I am sorry to hear...Get well soon.

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  • Florence    Apr 20, 2016

    businees not picked

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  • Florence    Apr 4, 2016

    Business has improved

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  • Florence    Jan 2, 2016

    Its Dec and my biz is doing ok

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  • Florence    Nov 12, 2015

    There is increased competition where i currently operate

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  • Florence    Oct 19, 2015

    i received 19009 kenyan shillings, thanks so much. i will buy i blow dry and a chair as i had stated in my proposal.
    Thank you for your continuous support

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  • Florence    Oct 15, 2015

    As i said in my proposal, i will use the loan to buy some chairs and a blowdry machine to make my servises better.
    This will assist me to serve my clients better with much greater comfort.
    This will equally help me get more clients and thus more income to make my life better.
    Thank you for supporting me

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  • Florence    Oct 13, 2015

    I did put my picture, kindly fund my project, its just one day that is left before it expires again.
    Thanks

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  • Florence    Sep 21, 2015

    Dear lenders, kindly fund my loan coz time is running out.
    Thanks for the support

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